Here's Why ChargePoint Stock Is a Buy Before Aug. 27
ChargePoint (NYSE: CHPT) is at the forefront of a massive technological transition. The world is moving from combustion engines to electric vehicles (EVs). This transition will necessitate a massive investment in infrastructure to support EVs.That's the big-picture story of why investors might want to buy ChargePoint. But there are some caveats here that are important to keep in mind, too.ChargePoint makes the infrastructure that supports EV charging. It sells its technology to everyone from homeowners to fleet owners to businesses that offer charging on the road, like a gas station. Between 2020 and 2050, demand for electricity from EVs is expected to increase by as much as 9,000%, according to the National Electrical Manufacturers Association (NEMA).Continue reading
ChargePoint (NYSE: CHPT) is at the forefront of a massive technological transition. The world is moving from combustion engines to electric vehicles (EVs). This transition will necessitate a massive investment in infrastructure to support EVs.
That's the big-picture story of why investors might want to buy ChargePoint. But there are some caveats here that are important to keep in mind, too.
ChargePoint makes the infrastructure that supports EV charging. It sells its technology to everyone from homeowners to fleet owners to businesses that offer charging on the road, like a gas station. Between 2020 and 2050, demand for electricity from EVs is expected to increase by as much as 9,000%, according to the National Electrical Manufacturers Association (NEMA).
