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Chargepoint

CHPT - Crazy opportunity to get on!-With the huge market share and the recent acquisition news, ChargePoint is a one way to go for. -Recently acquired Amsterdam based electric fleet manager VirCiti -Announced that they will acquire Leading European E-mobility Technology Provider has·to·be in Transaction Valued at €250 Million. Looks like CHPT has no intention to stop or slow down. With their fast growing market share, and a close-to-support line (at $24) current price, there shouldn't be an issue for CHPT to hit $30 by december.
NYSE:CHPTLong
by caldooninvestment
2
$TPGY EVBOX The Forgotten Charging Network (150%-200% Potential)EVBox remains the top charging network in Europe. EVBox has the approximately the same revenue in 2020 along with equal 2021 revenue projections to that of $CHPT ChargePoint (Trading at $35+) On initial announcement of the reverse merger, $TPGY EVBox exploded to $30+. Being received as a favorite from major Media Analysts from Jim Cramer and many others... EVBox will remain a heavy hitter in the charging network and has plans to rapidly expand their already impressive Charging Network... Potentially Internationally. Investor Presentation: www.tpg.com
TLong
by AlexCutler247
$CHPT June Update*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* My team has been swing trading EV sector tyrant $chpt for the past couple months. In this time-span it has continued to bounce from its $20 support zone . The potential is undeniable for an established EV company like $chpt. There is also an impressive amount of option calls which suggests bullish confidence. We recognized the bullish price action of $CHPT and averaged up from our original entry of $22 at $24.35 on 5/30/21. From their the price moved further up and now rests at $28.31. My team has increased our previous take profit target of $31 up to $37.
NYSE:CHPTLong
by SimplyShowMeTheMoney
Is $CHPT ready to charge? We think so. *This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* My team has been swing trading EV sector tyrant $chpt for the past couple months. In this time-span it has continued to bounce from its $20 support zone. The potential is undeniable for an established EV company like $chpt. There is also an impressive amount of option calls which suggests bullish confidence. After correcting from a previous all time high of $49.48 it now sits at $24.35. My team expects $chpt to perform well short term, and we plan to capitalize by averaging up next week. ORIGINAL ENTRY @$22 AVERAGING UP @$24.35 TAKE PROFIT @$31 STOP LOSS @ 20.00 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NYSE:CHPTLong
by SimplyShowMeTheMoney
Switchback Energy Acquisition can go even lower?Switchback plans to close on its merger with ChargePoint in early 2021. ChargePoint is rapidly growing its charging station network in the U.S. and expanding in Europe. It expects sales of its charging ports to grow by seven times through 2026. But investors drove shares up beyond what is reasonable. Even after today's drop, the combined company would be valued at over $9 billion, triple what the equity value was predicted to be when the transaction was announced. (source: fool.com) Please leave me a message if you want to test the buy and sell indicators that i am using.
SShort
by BuySellMarketMaker
8
Chargepoint (SBE): Potential Exponential Growth AnalysisChargePoint, an electric vehicle charging network, has struck a deal to merge with a SPAC (Special Purpose Acquisition Company), Switchback Energy Acquisition Corporation (SBE), with a market valuation of $2.4 billion. In this analysis, I'll be going over the company's business model and financials, as well as technical analysis of the very short price action history we have available. What is Chargepoint? - Founded in 2007, ChargePoint has built one of the world’s leading electric vehicle (EV) charging networks - The company delivers a fully integrated EV charging solution, with a comprehensive portfolio of hardware, software and services - It recently received an enterprise value of $2.4b. - Essentially, while companies like Tesla (TSLA) and Nio (NIO) compete for dominance in the EV market share, Chargepoint (SBE) offers the infrastructure necessary for all EVs. Market Outlook - EVs are projected to consist 9.9% of all new vehicles sold in 2025 and 29.2% in 2030 in the U.S. and Europe. - The trend is definitely green, especially with Biden essentially having been elected as president recently. - In the market of Network L2 Charging, Chargepoint takes up 73% of the market share, 7x more than its closest competitor. - I always emphasize the importance of choosing the number 1 stock in the industry or field, and Checkpoint qualifies. Financials - Chargepoint demonstrated good revenue growth until this year - It did $66m in 2017, $92m in 2018, and $147m in 2019. - However, due to the Corona virus pandemic (Covid-19), the expected revenue for this year is at $135m. - Nonetheless, the company has very bold goals as it seeks to reach a $2b revenue target by 2026. - This would indicate a 40% compound growth rate per year over the next 6 years. - While they are still at a net loss, Chargepoint is currently sitting on $648m of cash, so their cumulative net loss of $347m can easily be covered. - By 2026, which is when the $2b revenue target is hit, we could see the company reach net profit - Their gross margins have been deteriorating due to massive expansion and scalability of infrastructure around the world. - However, it's important to understand that these are one time costs, and we could expect Chargepoint's gross margin to grow from 13% in 2019, to 42% by 2026. Technical Analysis - Because Chargepoint was listed through a SPAC recently, it does not have much price action data to be analyzed. - Based on the hourly chart, we can see that prices are ranging in a slow uptrend, forming higher lows and higher highs - It's trading within an ascending parallel channel, in an extremely choppy range - There are currently three key levels of support on the hourly, formed through gaps Summary This company's fundamentals for the long term appears extremely solid. It has high growth potential, dominant market share, and is part of a megatrend industry of EV infrastructures. We would have to see whether the company delivers, according to their IR deck, but the overall outlook remains very bullish. If you like this analysis, please make sure to like the post, and follow for more quality content! I would also appreciate it if you could leave a comment below with some original insight.
SLong
by Michael_Wang_Official
10