Electric Vehicle (EV) Charging Stocks & Investments (List)

The electric vehicle industry is rapidly expanding, and with it, the demand for EV charging stations is increasing. The Biden Administration has set a goal of building a national network of 500,000 EV charging stations to support higher EV adoption rates. Analysts predict that by 2030, the U.S. will need approximately 1.7 million charging ports. This presents a significant investment opportunity in the EV charging sector. Here are seven EV charging stocks that investors should consider.

Key Takeaways:

• Electric Vehicle Charging Stocks & Investments present significant opportunities for investors.
• The Biden Administration’s goal to build 500,000 EV charging stations highlights the demand for the EV charging sector.
• Analysts predict a need for approximately 1.7 million charging ports by 2030.
• Investing in EV charging stocks can capitalize on the growing EV market.
• Consider companies like ChargePoint, Blink Charging, and EVgo as top players in the industry.

ChargePoint (CHPT)

ChargePoint is a leading provider of EV charging infrastructure. The company operates a network of charging stations that are used by commercial, hospitality, parking, fleet, and other customers. This business model allows ChargePoint to effectively crowdfund the buildout of EV-charging infrastructure. Analysts at TD Cowen have initiated coverage of ChargePoint with an outperform rating, citing minimal capital expenditure requirements for the company. With the growing need for EV charging stations, CHPT stock has the potential for significant growth.

ChargePoint Overview

ChargePoint, also known as CHPT, is a prominent player in the EV charging industry with its wide network of charging stations. The company offers charging solutions to various sectors such as commercial, hospitality, parking, and fleet. By providing a diverse charging infrastructure, ChargePoint caters to the needs of electric vehicle owners across different industries.

Crowdfunding EV Infrastructure

One key advantage of ChargePoint’s business model is its ability to crowdfund the buildout of EV charging infrastructure. By partnering with different businesses and establishments, the company can expand its network of charging stations without significant capital expenditure requirements. This collaborative approach enables ChargePoint to quickly scale its operations and support the increasing demand for EV charging stations.

Analyst Recommendations

Analysts at TD Cowen have recognized the growth potential of ChargePoint and initiated coverage with an outperform rating. This rating acknowledges the company’s ability to thrive in the evolving EV charging market. Additionally, the minimal capital expenditure requirements enhance the attractiveness of CHPT stock for investors looking to capitalize on the expanding EV charging industry.

Blink Charging (BLNK)

Blink Charging is another key player in the EV charging industry. The company provides charging stations and related services for EV owners. Blink Charging recently launched its EQ 200 charger in the UK and Ireland, expanding its reach and potential revenue sources.

With the increasing demand for EV charging stations and a strong track record of revenue growth, BLNK stock is worth considering for investment.

Here are some key highlights about Blink Charging:

• Provides EV charging stations and services for EV owners
• Recently launched the EQ 200 charger in the UK and Ireland
• Expanding reach and potential revenue sources

Blink Charging’s commitment to expanding its charging infrastructure and capturing market share positions the company for continued growth in the EV charger market.

EVgo (EVGO)

EVgo is a leading provider of public fast-charging stations for electric vehicles. With a network of over 35,000 charging ports across 15 countries, EVgo is at the forefront of the EV charging market.

In its last quarter, EVgo reported strong revenue growth and raised its revenue guidance for the full year. This demonstrates the company’s ability to capitalize on the increasing demand for EV charging infrastructure.

Furthermore, EVgo’s stock price has rebounded from a low, signaling renewed investor confidence. With a strong backlog of charging ports and a proven track record of revenue growth, EVGO stock presents a promising investment opportunity.

Investors looking to capitalize on the growth of the EV charging market should consider adding EVgo to their portfolios.

Beam Global (BEEM)

Beam Global, formerly known as Envision Solar International, is a leading provider of sustainable electric vehicle (EV) charging infrastructure solutions. The company’s innovative products include solar-powered EV charging stations that offer a clean and renewable energy source for charging electric vehicles.

Despite a temporary drop in its stock price, Beam Global has demonstrated resilience and is poised for growth in the EV charging market. In its latest quarter, the company reported strong revenue growth, reflecting the increasing demand for sustainable charging solutions. Additionally, Beam Global’s focus on improving gross margin shows its commitment to achieving long-term profitability.

With its innovative and sustainable charging solutions, Beam Global’s stock, trading under the ticker symbol BEEM, has the potential to continue gaining momentum. Investors looking for exposure to the expanding EV charging infrastructure sector can consider BEEM as a promising investment opportunity.

Furthermore, Beam Global’s commitment to sustainable practices aligns with the growing global focus on reducing carbon emissions and transitioning to cleaner transportation options. By investing in BEEM stock, investors can contribute to the growth of the EV charging industry while potentially benefiting from the company’s revenue growth and earning per share (EPS) improvement.

Allego (ALLG)

Allego is a leading provider of EV charging solutions with a significant presence in Europe. The company operates approximately 35,000 charging ports across 15 countries.

Recently, Allego formed a strategic partnership with fueling company Go’on to make EV charging more accessible in Denmark. This partnership aims to expand the charging infrastructure network and provide convenient charging options for electric vehicle owners.

Allego’s commitment to innovation and customer-centric approach has contributed to its strong revenue growth in the EV charging industry. With a growing presence in the European market and promising partnerships, ALLG stock presents an attractive investment opportunity for investors.

Advantages of Investing in Allego (ALLG)

• Strong presence in the European EV charging market
• Operates approximately 35,000 charging ports across 15 countries
• Strategic partnership with Go’on to enhance accessibility to EV charging in Denmark
• Significant revenue growth in the EV charging industry

Direxion Daily Electric and Autonomous Vehicle 2x Shares (EVAV)

Are you an investor looking to diversify your portfolio with high exposure to the EV and autonomous vehicle stocks? Look no further than Direxion Daily Electric and Autonomous Vehicle 2x Shares (EVAV). This exchange-traded fund offers a low-cost option to gain significant exposure to the rapidly expanding EV sector.

EVAV invests in companies that derive at least 50% of their revenues from EVs and related activities, including technology development for EVs and charging infrastructure. By investing in this ETF, you can tap into the growing market for electric and autonomous vehicles, which are revolutionizing the transportation industry.

With an expense ratio of just 1%, EVAV provides a cost-effective way to invest in the EV sector. This means you can maximize your returns while keeping your costs low, allowing for potentially higher gains in the long run.

Why choose EVAV?

1. High exposure: EVAV is specifically designed to provide investors with a higher level of exposure to the EV and autonomous vehicle stocks. This allows you to capture the potential growth and profitability of this industry.

2. Low cost: With its low expense ratio, EVAV is an affordable investment option for those looking to enter the EV market. By minimizing costs, you can optimize your returns and maximize your investment potential.

3. Diversification: By investing in EVAV, you gain exposure to a diversified portfolio of companies involved in EV technology and infrastructure. This helps spread the risk across multiple companies, reducing the impact of individual stock fluctuations.

Considering all these factors, Direxion Daily Electric and Autonomous Vehicle 2x Shares (EVAV) is an attractive investment opportunity for those interested in EV and autonomous vehicle stocks. With its high exposure, low cost, and potential for diversification, EVAV offers a strong option for investors looking to capitalize on the booming EV industry.

Conclusion

The EV charging industry is witnessing rapid growth and presents lucrative investment opportunities. With the increasing demand for electric vehicles and the goal of building a national network of EV charging stations, companies like ChargePoint, Blink Charging, and EVgo have emerged as key players in this sector. These companies have demonstrated strong revenue growth and are well-positioned to capitalize on the evolving market.

Moreover, investors can diversify their EV investments through thematic EV ETFs such as KARS, DRIV, and LIT. These ETFs provide exposure to a mix of EV-related stocks, including companies involved in EV technology development and charging infrastructure. This allows investors to spread their risk and take advantage of the wider EV industry.

As the EV market continues to expand, it is crucial for investors to carefully consider the investment options available in the EV charging industry. By investing in companies like ChargePoint, Blink Charging, and EVgo, or exploring diversified options through thematic ETFs, investors can position themselves for potential returns in this growing market.