Top 5 Best EV Charging Stocks to Buy in USA
The EV Charging Stock offers stability and reliability which is not present in some of the stock variants. As the EV space evolves, so should stock provide more value for everyone looking to invest. If you care about clean energy options, first you can find our top picks for the best EV Charging Stocks, with all the information you need to buy a good stock for very little money.
However, the electric charging vehicle market has been one of the most sought-after industries for the past few years. With climate change becoming an increasingly pressing issue, electric vehicles may be a cleaner form of transportation. For us
This article will discuss the best EV charging stocks to invest in for good leverage. Everything has been told to you that which EV charging company would be good for you to invest in. Talking the same, the recent success of companies like Tesla proves that there is a lot of demand for electric vehicles right now, which is to come. Of course, there will be more e-vehicles on the road but we will need to build more charging stations.
Tesla (NASDAQ: TSLA)
We can’t talk about electric vehicles without mentioning Tesla because Tesla has pushed EVs to the forefront of the public consciousness for years. Under the leadership of celebrity entrepreneur Elon Musk, Tesla created a massive amount of hype around its sleek, energy-efficient cars. Unlike many EV companies though, Tesla has its own charging stations around the US called Superchargers.
Since Tesla has such a significant market share in the entire EV industry, it makes sense to add them to your portfolio as a long-term investment. Tesla’s share price has increased rapidly in the last year and is constantly coming in the news.
Although Tesla boomed in the last quarter of 2021, it has reached the highest price ever. Regardless, the company’s EV stocks already recovered in early 2021, mostly due to supply chain issues for the company. Despite Tesla’s successful financial results, Elon Musk’s comments on delays for Cybertruck, including a less-than-ideal growth launch for the company,
Competition is growing fast for a company that was once the only game in the market, but today Elon’s words still inform stock investors whether they can be confident in the industry or should they turn elsewhere. The entire industry works almost lockstep with his tech, hence his role as the category captain for the industry. If we talk, Tesla is the best Tesla stock at the present time, in which you can invest without hesitation, although Tesla’s stock is going to increase even more in the coming time.
Read also:- Top 5 Upcoming Sports Electric Cars in USA 2023
ChargePoint Holdings, Inc. (NYSE: CHPT)
ChargePoint Holdings, Inc. is an alternative EV charging station based in North America and Europe. Chargepoint went public following its Switchback Energy acquisition, which acquired the company through an exclusive acquisition company reverse merger in February 2021, the latter going with the CHPT ticker.
But the Campbell, Calif. company operates in 14 countries, although as of October 2021 it has added more than 163,000 EV chargers and an additional 2,000 chargers per month. After which from late 2020 to early 2021, ChargePoint increased in value, mostly due to its imminent reverse merger at the time.
The stock jumped throughout 2021, but those numbers were adjusted to its pre-2021 numbers, which doesn’t necessarily mean there’s zero value for the stock.
ChargePoint has been growing its network very quickly, largely outpacing most of the competition — though plenty of investors want its EV chargers in stock. In Q3, the company grew 79% year-over-year, but the company still needs to work overtime on the profitability department. EV charging companies need to figure out how to monetize their growth, just as oil and gas companies leverage their growth. Talking about Chargepoint is the best investment platform at the moment, which is growing very fast at the present time. In which you can invest a good amount for some time.
Plug Power (NASDAQ: PLUG)
EVs aren’t just for personal use – with many businesses buying electric versions of the vehicles it depends on. Plug Power manufactures hydrogen fuel cells specifically for commercial vehicles.
Plug Power is headquartered in Latham, New York, and has manufacturing facilities in Rochester and Spokane, Washington. The company is growing rapidly, and its shares have increased dramatically over the past year. Its hydrogen cell technologies are very innovative and in high demand around the world.
On top of that, Plug Power plans to start a green hydrogen manufacturing plant. Plug Power has a market cap of approximately $10.6 billion, with a valuation of about 12 times its projected sales for 2022. It saw unexpected revenue losses and had to reconsider its position.
Although for starters, the company hasn’t had any company-specific news recently, with much of its originator coming from speculators.
The company still has a lot of growth potential, especially considering how new this technology is. Investors should be cautious given the U.S.’s financial data, but it may still be a good option in the long run as EVs become more mainstream.
Blink Charging Co. (NASDAQ: BLNK)
Blink Charging Company is another leading charging company that is in the news for the last year. While Blink doesn’t have as many stations as ChargePoint, it does have some exciting partnerships that make them worth mentioning.
Notably, Blink Charging had partnerships with big companies like Facebook, Whole Foods, Starbucks, and Walmart. Right now, it has over 23,000 EV charging stations in North America, Europe, and the Middle East. Blink Charging has excellent name recognition, and has been around for over 20 years. And it is going to grow very fast in the coming time.
Talking about the same, the stock saw a very rapid increase compared to the previous year but started falling in February 2021. The company has since been on a shaky roller coaster ride, with its 2022 value falling to mid-November 2020. However, this can be an excellent time to buy a dip, as Blink won’t be slowing down anytime soon. and is going to grow very fast in the coming time
Investor confidence for Blink is rising, and its activity, including a partnership with Bridgestone Tires, keeps the company’s shares afloat. Regardless, investors who are looking to buy would like to take a look at this stock and see any further movement. So you can easily see it, in which the company has given many discounts.
Read also:- How to buy Tesla Stock in USA 2023
NIO Inc. (NYSE: NIO)
Nio Inc. is a multinational EV manufacturer selling automobiles with battery swap stations and superchargers in and around China.
The Shanghai-based company has with it multiple technologies and a strong line of electric coupes and SUVs. Its NIO Pilot technology is an SAE Level 2 semi-autonomous system that ADAS features similar to Tesla’s Autopilot AI. However, around Q3 2021, the company registered a growth of 100.2% in YOY due to the delivery of around 25,000 units during the time period.
The company has been on a slow decline since November 2021, which is currently at its lowest level in more than a year. Joe NIO is approaching its next earnings report, which means it could potentially be a positive catalyst for the stock. With three new models expected from the company, with the delivery of its ET7 flagship in late March, NIO investors can expect an increase in value.
Should You Buy EV Charging Stocks?
There are many reasons to buy electric vehicle stocks right now.
If you’ve never been more hyped about EV companies, it’s because so many people are looking for eco-friendly transportation options.
Although the Tesla One NIO has been in the limelight this year, as they are developing some of the most innovative electric cars on the market. Even established automakers like Ford and GM are getting in on the action. Ford has committed to putting more money into EV production, while GM has committed to switching to fully electric cars by 2035. Those 2020 election results also appear promising for electric vehicle stocks in the US. Joe Biden’s presidency won, while Democrats retained control of the House and Senate.
Democrats are more likely to emphasize eco-friendly technology and support EV development. With more people driving EVs, we’re going to need more charging stations to support them.
There has been a lot of hype about electric vehicle companies in the last year. As a result, many EV stocks have seen huge price increases in early 2021. However, investors should be wary of the bubble bursting and focus on stocks that have strong long-term business models.
In fact, in this entire article, you have been told about investing in an EV charging company, which you can choose from a good investment platform.