This Tiny Charging Station Stock Is at the Forefront of the EV Revolution

No matter how you look at it, electric vehicles (EVs) are the future of the auto industry…

From short squeezes to near-bankruptcy, EV company Tesla (NASDAQ: TSLA) defied all odds to become one of the fastest growing automakers around.

While EVs have existed to some degree since the inception of the automobile, Tesla pushed them into the limelight, nearly defining the sector’s now-inevitable transition. 

And with the company’s explosive 816% growth over the last twelve months, legacy automakers are beginning to see the writing on the wall. 

In mid-2020, Mercedes owner Daimler (OTCMKTS: DMLRY) announced it was partnering with chipmaker Nvidia (NASDAQ: NVDA) to build and deploy EVs starting in 2023. 

This year, both Ford Motor Co. (NYSE: F) and General Motors (NYSE: GM) revealed they were doubling down on accelerating EV development as well.

In January, General Motors said it was partnering with Microsoft (NASDAQ: MSFT) to make EVs and autonomous vehicles over the next three years. 

Earlier this month, Ford said it was partnering with Google (NASDAQ: GOOGL) to bolster EV output between now and 2023. 

But even without Tesla thrown into the mix, these announcements are unsurprising…

Between 2017 and 2018, EV sales worldwide grew by 65%. In the same period, the U.S.’s EV sales surged by 80%. 

In 2019, Europe reported overall EV sales rose by 44%. Meanwhile, China, the biggest EV market, saw 700% growth year-to-date. 

This trend is only expected to continue through the next several decades….

By 2025, Bloomberg New Energy Finance (BNEF) said EVs will make up 10% of all global passenger vehicle sales. This percentage is expected to rise to 28% in 2030 and 58% in 2040. 

This means that while EVs have grown increasingly popular in recent years, the industry as a whole has plenty of growth ahead…

Any new or existing companies that double down on developing products for the market could see strong profits and growth in the long-term. 

This Charging Station Stock Should Profit Immensely From the EV Vehicle Boom

ChargePoint Holdings Inc (NYSE: CHPT) isn’t exactly the kind of company that would immediately come to mind for many investors when discussing potential EV investments.

finviz dynamic chart for  CHPT

ChargePoint recently announced a merger with Switchback Energy, a massive open EV charging station network manufacturer. 

Through the agreement, ChargePoint has obtained over 115,000 charging stations across the world. 

We initially estimated that the combined value of Switchback and ChargePoint would be around $2.9 billion.

However, CHPT’s valuation has already jumped to over $6.5 billion.

ChargePoint now has over $600 million in cash on its balance sheet to fund operations and drive future growth.

Between now and 2025, the company said this will help fuel a 2,000% increase in the number of charging stations to 2.5 million. 

As a result, ChargePoint forecasts a 60% compound annual growth rate over the next six years. This means revenue could rise from 2020’s $135 million to $2 billion by 2027. 

And with the growing popularity of EVs from both emerging automakers and legacy manufacturers, these projections could realistically come into fruition. 

This is especially true considering the fact that more electric vehicles on the road will ultimately require charging stations to become as common as today’s gas stations. 

These components put ChargePoint in a strong position to capitalize on the market, potentially bolstering its long-term growth and profits.

Watch Demo of Elon Musk’s Next Big Project

Sponsored

Elon Musk made $180 million on PayPal, $18.7 billion on SpaceX, and $110 billion on Tesla.

But it's what he's planning next that will shock everyone.

It could even put up to an extra $30,000 in your pocket every year.

Click here to watch a demo and see it for yourself.

$3 EV Play No One's Talking About

This company is a sneaky EV play that no one’s talking about. They’re producing an odd variation on the traditional EV that has consumers raving.

Enter your email address to receive this company’s name and ticker symbol for free.


Free Bonus E-Book: The Second Wave Why popular tech stocks could be in store for a 92% meltdown and the #1 investment billionaires are turning to now... from Morning Bullets. Privacy Policy

By submitting your email address, you give Stock Market Junkie permission to 1. deliver the report or research you're requesting to your email inbox, 2. send free ongoing updates via our independent financial email newsletter, and 3. share carefully selected marketing offers for product and services we think will interest you. Your privacy and security are paramount to us. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

$30 Stock Freaking Out Billionaires

This stock is an industry leader in a robotics technology that is freaking out billionaires (trading for just $30).

Enter your email address to receive this company’s name and ticker symbol for free.


Free Bonus E-Book: The Second Wave Why popular tech stocks could be in store for a 92% meltdown and the #1 investment billionaires are turning to now... from Morning Bullets. Privacy Policy

By submitting your email address, you give Stock Market Junkie permission to 1. deliver the report or research you're requesting to your email inbox, 2. send free ongoing updates via our independent financial email newsletter, and 3. share carefully selected marketing offers for product and services we think will interest you. Your privacy and security are paramount to us. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

The Best TaaS Stock Right Now

This company is set to corner the market in a self-driving technology that  could fundamentally change our entire society – much like the internet did.

Enter your email address to receive this company’s name and ticker symbol for free.


Free Bonus E-Book: The Second Wave Why popular tech stocks could be in store for a 92% meltdown and the #1 investment billionaires are turning to now... from Morning Bullets. Privacy Policy

By submitting your email address, you give Stock Market Junkie permission to 1. deliver the report or research you're requesting to your email inbox, 2. send free ongoing updates via our independent financial email newsletter, and 3. share carefully selected marketing offers for product and services we think will interest you. Your privacy and security are paramount to us. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

Up to 20,000 IPOs All in One Day

A radical $2.1 quadrillion shift is coming to the financial markets.

Some are calling it G.T.E. and Mark Cuban, Elon Musk, Richard Branson, and even banks like J.P. Morgan are invested in the tech behind it.

Just $25 could get you in alongside these billionaires. 

Enter your email address to receive the video that reveals it all.


Free Bonus E-Book: The Second Wave Why popular tech stocks could be in store for a 92% meltdown and the #1 investment billionaires are turning to now... from Morning Bullets. Privacy Policy

By submitting your email address, you give Stock Market Junkie permission to 1. deliver the report or research you're requesting to your email inbox, 2. send free ongoing updates via our independent financial email newsletter, and 3. share carefully selected marketing offers for product and services we think will interest you. Your privacy and security are paramount to us. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

$2 Biotech Stock

Steve Cohen, the billionaire stock picker known for running one of the most successful hedge funds ever, has poured millions into the first stock, and it’s trading for only $2.

Enter your email address to receive this company’s name and ticker symbol for free.


Free Bonus E-Book: The Second Wave Why popular tech stocks could be in store for a 92% meltdown and the #1 investment billionaires are turning to now... from Morning Bullets. Privacy Policy

By submitting your email address, you give Stock Market Junkie permission to 1. deliver the report or research you're requesting to your email inbox, 2. send free ongoing updates via our independent financial email newsletter, and 3. share carefully selected marketing offers for product and services we think will interest you. Your privacy and security are paramount to us. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works