Is ChargePoint stock a buy right now? Is CHPT stock going to the moon? Today we’ll look into ChargePoint's Q2 earnings, their part SaaS part hardware business model, their dominant market share, their clients, Biden's infrastructure bill, their full year guidance, financials and valuation in comparison to Blink Charging. 🔥
🚀 Join the VIP Membership Group (Discord) today! ► https://fiveorlessfinance.com/
0:00 Business Model, Market Share & Clients
2:35 Infrastructure Bill
3:50 Q1 Earnings Analysis
5:20 Valuation & Price Target
9:56 Russel 2000 Addition
10:47 Conclusion 🔥
Created in 2007, ChargePoint operates a network of electric vehicle charging stations in all of North America, and they even have a strong presence in Europe. CHPT sells hardware, software and services. They provide electric vehicle station maintenance and management programs, which gives them recurring revenue.
About their recent acquisitions (part of the expansion plan)
1. ViriCiti. In August, CHPT announced the acquisition of ViriCiti, a company that provides electrification solutions for eBus and commercial fleets. ViriCiti is currently operational in North America and in Europe. This means, CHPT now has the most complete set of solutions for electrified fleets than any other competitor.
2. ENERGISED. A leading cloud-based e-mobility EV charging and enterprise software platform. Because electrification and charging cloud systems are complex, CHPT needed a subsidiaries to address today’s European and American charging landscape and future expansion. Moreover, ENERGISED is compatible with most of the charging stations in Europe.
With these two acquisitions, ChargePoint is home to the one of the largest collections of EV charging talent in Europe, including roles in engineering, operations, marketing, sales, finance, legal and human resources.
In seven years, they are planning on having around 50% of their revenues on a recurring basis. With over 5000 customers and 132,000 charging locations, Chargepoint has more than 70% market share of the EV charging market in North America, which is 7 times the market share of any other competitor at the moment. The company is also already operating in 16 European countries. If we look at clients, we got commercial clients like Microsoft and Nasa, then we have Fleet customers like FedEx. And finally we have at home charging and residential clients like Brookefield properties. More than 70% of fortune 500 companies use CHPT. This helps their reputation as a business of choice for firms looking for charging solutions.
#CHPT #Chargepoint #EV #EVStocks #TPGY #EVCharging #EVBox
