The Investment Thread
Cool, I haven't pulled the trigger on any of them yet, still watching them slide after they ran up. My assessment of EVGO and CHPT was severely limited due to Yahoo finance not providing all the info.
Also looking at BLNK.
I called my broker- said has no guidance from Edward Jones on either.
Liked CHPT - said he saw back on Oct 14 they announced 5.3 million new shares to be issued but couldnt be certain that was what was putting downward pressure today ( down like 2.27 ) however, they ARE earning a profit ( $.02 per share lol )
So we have on radar for opening bell tomorrow. starts to climb, im in. continues to fall, will wait.
Said on EVGO, its a micro, so cant even trade it but does like the CEO angle w/ DC.
I was eyeing BLNK too.
I think we are a good 3-5 years away from these companies really churning out profits, so they are all long plays for me. And i think at some point, when things really heat up in EV sales, someone is gonna merge/acquire another out of a group of about 5 ( CHPT, Volta, BLNK, EVGO etc )
And while we are all looking this way....Shell and BP both have quietly made acquisitions ( Shell bought GreenLots with stated plans of 500,000 locations in 4 years and BP bought Chargemaster - largest UK )
but consider this- Chargepoint doesnt "sell" electricity- they sell/manage the stations. EVgo does both- sell the electricity and manage their stations- but just read that their main focus is charging "fleets" - Individual owners can plug in at home. But say a fleet of 15 delivery vans originate at a small warehouse, may not have the area/capacity ( without sizeable investment ) to park/charge overnite- enter EVgo. For a fee, they will set up or you bring to their location.
but then that leads me to "taking units home" - does the company say we will stipend your pay $100 mo and install home charger at our expense and you just plug in at home.
INteresting things to think as all this evolves.