EV Charging Stocks: Who wins?⚡ CHPT VLTA EVGO BLNK Analysis

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0:00 - Introduction
0:46 - 3 Levels of Charging
3:00 - Chargepoint
4:35 - Volta
5:40 - EVGo
7:38 - Blink Charging
8:12 - Valuation
15:53 - Risks
16:50 - Conclusion

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We're witnessing a lot of hype in the electric vehicle (EV) space, and a lot of that extending to charging stations and networks. Today, we'll analyze those stocks and companies – Chargepoint, Volta, EVgo, Blink Charging – and see how these pureplays compare against one another, and against the Tesla Supercharger network and VW's Electrify America.

Let's talk about valuation now, and compare the different companies. A full breakdown of the Google Sheet, as always, is available to premium members of the Hawk Letter. But, watch the YouTube video for the analysis.

Chargepoint, in terms of revenues, and charging stations, is the largest by far. Because size matters, it's hard not to pick them. They are on the more expensive valuations, which is why I traded the stock on their latest breakout, but considering exiting here. They're trading for about 25x 2022 sales, and 9x 2024 sales.

Volta is trading at 16x 2022 sales, which I expect to be cheaper because of their size... they honestly need to be growing a lot faster to take some market share, imo. Also, they lowered 2021 guidance, which I didn't like to see. In terms of margin, however, they lead every other competitor by 10% differential – which is huge! This is how the advertising model seems to be proven. But, as we are now seeing, it's literally being copied by Blink. This is why speed of growth matter.

EVgo has a valuation of 19x 2022 sales... so more expensive than Volta, but cheaper than Chargepoint. The stock has recently gotten downgrades and dumping, so now could be a good time to enter when we see some strength in the space. In terms of valuation, Volta and EVgo have the most attractive.

Blink Charging is the most expensive at 57x 2022 sales. I'm having a hard time comprehending why its so expensive tbh... I must be missing something?

In terms of price targets, I used 4.5x 2025 sales as most of the weighting, and found the most upside with EVgo.

Let me know your thoughts, and if this was helpful :) love getting feedback!

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Видео EV Charging Stocks: Who wins?⚡ CHPT VLTA EVGO BLNK Analysis канала Bill H, CPA