SBE - 1 Electric-Vehicle Charging Stock to Buy and 1 to Ignore
Many electric-vehicle (EV) start-ups have gone public over the past year, typically by merging with a special purpose acquisition company ( SPAC ). One way to play the ongoing rise in EV adoption is to invest in EV charging infrastructure. That strategy is less of a bet on a specific manufacturer, but rather a way to play the boom in infrastructure investments that governments, municipalities, and companies will be making in the years and decades ahead.
Two of the most prominent EV charging stocks that have emerged are Blink Charging (NASDAQ: BLNK) and ChargePoint, which is still in the process of closing its deal with Switchback Energy (NYSE: SBE) . Both stocks have soared in recent months, but remember that, as always, individual share prices don't paint the full picture in terms of overall valuation.
Here's why ChargePoint is worth a spot in your portfolio, but you should pass on Blink.
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1 Electric-Vehicle Charging Stock to Buy and 1 to Ignore