quotes delayed at least 15 minutes, all others at least 20 minutes. Since then, SBE stock has been on fire. The 7 Best Vanguard Index Funds to Buy Now for Pent Up Demand, 8 Electric Vehicle Stocks With Long-Term Stories. Nasdaq Whereas retail investors are typically shut out of traditional IPOs and can’t buy the shares of a company before they begin trading on a stock exchange, small investors can buy the shares of a SPAC company such as Switchback Energy before they merge with their intended target and morph into the new company. ChargePoint currently controls 73% of the 240-volt EV charging stations in the North American market. ChargePoint Stock allows the retail investor to get onto the Electric vehicle bandwagon. SBE stock is a SPAC, or a blank-check company, looking to take ChargePoint public via a merger. Article printed from InvestorPlace Media, https://investorplace.com/2020/12/buy-switchback-stock-before-chargepoints-spac-deal-closes/. ChargePoint Stock Business Model Some analysts see that forecast as conservative given the massive, new infrastructure that will be needed to make electric-vehicle charging stations ubiquitous across the U.S. and around the world. ChargePoint is forecasting revenue of $198 million in 2021. Is Chargepoint stock a good way to get exposure and invest in the EV Space? Once the deal closes, the stock will change its symbol to "CHPT." And there is every indication that the shares will rise further once ChargePoint’s SPAC deal is completed in the next few weeks. ChargePoint President and CEO Pasquale Romano, and the existing leadership team, will lead the combined company. The company builds and operates the charging stations and related infrastructure that are desperately needed to increase electric-vehicle adoption around the world. However, the company stated that it expects hockey-stick growth in revenues. Switchback II Corp (SWBK) is a pre-merger green energy SPAC. Bottom line: ChargePoint is in a … Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Apple (AAPL) Partners ChargePoint … 0.00 0.00 0.00% Add to watchlist Start Trading >> Plus500. Shares of EVgo's SPAC partner, Climate Change Crisis Real Impact, closed Monday's session at $19.67 apiece. Zacks 91d. ChargePoint Inc, one of the world's oldest and largest electric vehicle charging networks, said on Thursday it will go public by merging with Switchback Energy Acquisition Corp in … Switchback Energy's Proposed business combination with ChargePoint has been a huge success for early investors, with the stock up over 340% before the transaction has even been completed. Time is running out for investors to buy the shares of special purpose acquisition company Switchback Energy Acquisition (NYSE:SBE) ahead of its upcoming merger with electric vehicle charger operator ChargePoint Holdings. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. The company is the latest to join a long line of startups choosing to go public via SPACs. All rights reserved. Copyright © America’s #1 Stock Picker Reveals His Biggest Recommendation of 2021... On Feb. 23, Luke Lango will reveal his #1 tech pick of the year… details on the hyperscale opportunities on the cusp of changing the world… and how YOU can get in on the action. The SPAC's shareholders are set to vote on the proposed merger on Feb. 11. Investors are clearly excited about the upcoming SPAC deal that will bring ChargePoint’s shares to the market. 1125 N. Charles St, Baltimore, MD 21201. Company profile page for ChargePoint Inc including stock price, company news, press releases, executives, board members, and contact information A SPAC, or blank-check company, is formed specifically to find and merge with an operating company. The Silicon Valley-based operator of charging stations is going public via a SPAC merger that will list its shares on the New York Stock Exchange and raise about $493 million to expand its network. In addition to benefiting from  burgeoning demand in the electric-vehicle market, ChargePoint is also forming smart partnerships with leading companies and brands. Subscribe Digg del.icio.us Facebook Reddit StumbleUpon Technorati. ChargePoint is using the special purpose acquisition company (SPAC), Switchback Energy (SBE) for its IPO. Binance Coin (BNB) Price Predictions: Where Will BNB Go After All-Time High? All rights reserved. ChargePoint is an EV charging company based in Campbell, Calif. The company has 115,000 charging points across 14 countries and targets to reach 2.5 million EV charging stations by 2025. All rights reserved. Disclaimer | ChargePoint Stock Eyes Debut As SPAC Shareholder Vote Extended. © 2021 Insider Inc. and finanzen.net GmbH (Imprint). Shares of Switchback Energy fell 5.5% to 37.15 in Thursday's stock market trading, undercutting the 50-day line. Mandal is recognized as the inventor of the networked charging station concept. Last week, we reported that 2020 seems to be the “year of the SPAC.” On the date of publication, Joel Baglole held long positions in SBE and APPL. Stock investing is not easy, has many risks and most of all no certain outcome. Buy Switchback Stock Before ChargePoint’s SPAC Deal Closes, Louis Navellier and the InvestorPlace Research Staff, This Tesla Stock Dip Is a Gift Just Waiting to Be Bought, The Technology — and Opportunity — to Solve Power Outages. These include lining up reseller agreements in neighboring Canada and beyond,  striking a deal with Swedish automotive giant Volvo (STO:VOLV-B) to provide customers of Volvo with ChargePoint’s home-electric vehicle charging system, and partnering with Apple (NASDAQ:APPL) on an innovative way for electric-vehicle owners to recharge their car, truck or SUV from ChargePoint stations using the Apple CarPlay app. The subscription-based model provides another incentive to invest in SBE stock. The deal is worth $2.4 billion. Chargepoint CEO on going public in $2.4 billion reverse merger: 'It was good timing for us' Chargepoint, one of the oldest and largest electric vehicle charing networks, announced it will go public through a SPAC merger. ChargePoint, the operator of the world’s largest network of independently owned EV charging stations, has not cleared the final hurdle for its shares to start trading on the stock exchange just yet. Made In NYC | Copyright © 2021 InvestorPlace Media, LLC. ChargePoint Stock Rivals. Electric vehicle charging station operator ChargePoint is the latest EV company that's headed for the public markets via the SPAC route, according to a Wednesday report. The combined company will take the name ChargePoint Holding and list on the NYSE. The trick is, in order for SBE stock to succeed, shareholders must approve the ChargePoint SPAC merger. Investors are clearly excited about the upcoming SPAC deal that will bring ChargePoint’s shares to the market. ChargePoint may be a great company, but SBE stock is extremely overvalued. And, based on everything ChargePoint has working in its favor, it is a safe bet that the company’s stock will rise further throughout 2021 as the global economy rebounds and the green revolution in the U.S. takes off under the administration of president-elect Joe Biden. At just over $37, the share price of Switchback Energy is up about 280% in 2020. ChargePoint Inc. will have to wait a little while longer to go public. ChargePoint Inc, one of the world's ... A trading symbol on the New York Stock Exchange has not been identified. February 11, 2021 admin Trading Ideas Comments Off on ChargePoint Stock Eyes Debut As SPAC Shareholder Vote Extended …read more. 7 Overvalued Stocks Investors Just Don’t Get Tired Of. Switchback Energy SPAC still has some value left in its ChargePoint merger. The second reason is the false impression that simply investing in a SPAC will be profitable. In anticipation of the deal closing by the end of December, the shares of SBE stock rose 154% in November and added a further 8% gain in the first week of December. It is using SPAC Switchback Energy for its IPO, which is valued at $2.4 billion. Add to my social media sites. This SPAC team is responsible for bringing ChargePoint public via SBE. While electric-vehicle stocks seem to be “a dime a dozen” these days, ChargePoint is different. One of the benefits of SPAC deals is that they enable retail investors to get in on IPOs before the shares of a company officially begin trading. Amidst the EV SPAC frenzy, here you have a fairly valued stock. 76.4% of retail CFD accounts lose money, Registration on or use of this site constitutes acceptance of our, Apple (AAPL) Partners ChargePoint for Vehicle Charging Data, EV Charging Network ChargePoint to Go Public in $2.4 Billion Deal, ChargePoint to go public in $2.4bn reverse merger, ChargePoint raises $127 million to bring EV charging to more fleets, ChargePoint teams with U.S. truck stops to expand electric vehicle adoption. SBE stock is a SPAC, or a blank-check company, looking to take ChargePoint public via a merger. It expects revenues to grow from $135 million in 2020 to $2.069 billion by 2026, implying a 57% compounded growth rate. Since ChargePoint has just completed its SPAC deal, it is yet to declare any financial results. ChargePoint is a highly touted EV charging play, and is widely expected to do well once publicly traded. ChargePoint is a highly touted EV charging play, and is widely expected to do well once publicly traded. ChargePoint is a great way to broaden one’s exposure to the electric=vehicle market without having to roll the dice on one of a dozen unproven electric-vehicle stocks. Switchback Energy has said that investments in EV charging station infrastructure in the U.S. and throughout Europe are projected to be about $60 billion in 2030 and close to $100 billion by 2040. 1125 N. Charles St, Baltimore, MD 21201. ChargePoint should be in decent financial shape as the U.S. economy emerges from Covid-19. 76.4% of retail CFD accounts lose money. Chargepoint (SBE) is planning to merge via a reverse SPAC deal with Switchback Energy in mid-February and it's currently one of my top 3 holdings in my long term growth stock portfolio.. Not only is Chargepoint a wonderful EV play, but it's one of the best electric vehicle charging station stocks to buy.. EV charging station provider ChargePoint is going public by year-end. For investors, that adds up to big growth. SBE stock gives investors a chance to get in on ChargePoint’s stock market debut before the SPAC deal is completed. The California-based company sells charging-station hardware and also has recurring software and service revenue. The stock rose from $12 … Commerce Policy | EVBox Group, which is going public with SPAC TPG Pace Beneficial Finance Corp (NYSE: TPGY), could also soon be a competitor as it seeks to enter the U.S. market. In September 2020, SBE announced a merger deal with ChargePoint. That is because ChargePoint has a lot of potential as a company and is poised to grow in the future. In this case the new company is ChargePoint. Retail investors who buy SBE stock now will likely look back and be pleased that they nabbed the shares while they were trading under $40. And the company is now rolling out its charging-station infrastructure in 16 European countries. Stock quotes by finanzen.net, Plus500. Chargepoint Stock is going IPO Public via a SPAC Merger with SBE stock. Electric vehicle charging station operator ChargePoint is the latest EV company that's headed for the public markets via the SPAC route, according to a Wednesday report. ChargePoint, Inc. : In September, the EV charging stalwart ChargePoint announced taking the SPAC route to go public as it plans to merge with Switchback Energy Acquisition. Last week, EVgo became the latest charging infrastructure company to announce a SPAC deal to go public during a time that is seeing rapid adoption of electric vehicles and infrastructure. ChargePoint is also going public via SPAC with a pending merger with Switchback Energy Acquisition Corp (NYSE:SBE). The best advice to investors is to get in on the ChargePoint SPAC deal while there is still time. SBE stock is worth $42.81 but could go much higher after its SPAC merger with ChargePoint closes. News More News. 2021 InvestorPlace Media, LLC. ChargePoint is expected to be valued at $2.4 billion when it begins trading on the New York Stock Exchange in late December. It currently operates the largest network of independently owned electric-vehicle-charging stations in the world. And ChargePoint has forecast that its 2019 revenue of $145 million will swell to more than $2 billion by 2026. Churchill Capital IV: A Sweetheart Deal in the Making? CNBC market commentator Jim Cramer recently said that he sees a lot to like about ChargePoint and its operations, noting that although the company’s hardware sales grew by only 9% during the global pandemic, its recurring revenues from software licensing agreements and services surged 39% gain in 2020.

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