Should you buy ChargePoint stock (CHPT stock) today? Are EV charging stocks like CHPT and TPGY good investments now? In my last video I spoke about the EBBox merger with TPGY. In that video, I mentioned the Biden Infrastructure plan and how it was going to impact the EV industry, particularly EV charging stocks like ChargePoint and EvBox. ChargePoint stock is still down from its all time highs of $49.50. There’s still over 50% upside to reach all time highs. In this video, we are going to be looking at the EV charging market, ChargePoint’s financials and their valuation. 🚀 Join the VIP Membership Group today! ► https://fiveorlessfinance.com/ ChargePoint was created in 2007 and 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. In seven years, they are planning on having around 50% of their revenues on a recurring basis. With over 4000 customers, Chargepoint has a 73% market share of the EV charging market, which is 7 times the market share of any other competitor. As you can see, CHPT is dominant. 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 Brookfield properties. 62% 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
