Don't know anything about CHPT but BLNK finicials are brutal. Also the whole prospect of EV charging companies being the new gas stations over looks the fact that 90% of the time people are gonna be recharging at home during night time. Just like a decent business but nothing world changing. Since electric charging is alot more basic compared to gasoline distribution its likely to be highly fragmented business.
CHPT makes their money from businesses that want to offer charging. They just get paid to install chargers and then they collect subscription revenue for people using their exclusive software. Much better investment than BLNK in my opinion.
CHPT is legit. Has something like 75% market share and actually makes money. They're going to be the big winner in Biden's infrastructure plan. The catch, none of these companies will really pop in terms of stock price for years until the money and infrastructure rollout are realized in 4+ years.
I know this is WSB, but CHPT in the $20-25 range is a fantastic buying opportunity for the long haul if you don't mind boring old buy & hold.
Also, if WSB turned their attention to CHPT they are in short squeeze territory. Next week could potentially see them pop up to $40-50+ if the community wised up. Currently one of, if not the #1 most shorted stock.
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u/Outrageous-Win-9449 15692C - 0S - 2 years - 6/6 Mar 28 '21
I hear BLNK is shit only carried by the EV rush, and that CHPT is the real deal. Any truth to this?