CHPT - Why ChargePoint Is My Favorite EV Charging Stock Right Now
Investing in the electric vehicle (EV) sector isn't for a conservative portion of your portfolio. But speculating on high growth can have a place in just about any investment plan. And investing in the infrastructure needed for all EVs might be easier than trying to pick the winners among vehicle manufacturers themselves.
That's not to say charging companies will all succeed, or that all are worth buying today. One way to narrow down favorites is based on market leadership, as well as how management has presented its future outlook. The top two based on market share are North American leader ChargePoint Holdings (NYSE: CHPT) and leading European provider EVBox, which will soon go public through a merger with SPAC TPG Pace Beneficial Finance (NYSE: TPGY) . Below is a breakdown in more detail.
Image source: ChargePoint Holdings.
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Why ChargePoint Is My Favorite EV Charging Stock Right Now