Out Fox The $treet

Update - June 9, 2023 Tesla is now working with both Ford and General Motors on charging stations. ChargePoint appears in a bad spot now with the stock headed for new lows.  -General Motors (NYSE:GM) announced a collaboration with Tesla to integrate the North American Charging Standard connector design into its electric vehicles beginning in 2025. -The collaboration between the legacy Detroit auto powerhouse and Austin electric vehicle giant will expand access to charging for General Motors (GM) EV drivers at 12K Tesla Superchargers. The agreement is said to complement GM's ongoing investments in charging, as well as reinforce the focus on expanding charging access across home, workplace, and public spaces. The charging deal builds on the more than 134K chargers available to GM EV drivers today through the company's Ultium Charge 360 initiative and mobile apps. Original article posted on May 31 ChargePoint Holdings, Inc. is set to report FQ1 2024 earnings on Thursday June 1 pos...

  EVgo is rallying on a quarterly revenue beat, but the company continues to pile on large losses. The fast-charging company forecast another year of massive losses and investments in 2023. EVGO stock trades at a very rich valuation of nearly 20x low-end '23 sales targets of $105 million. EVgo  ( NASDAQ: EVGO ) is surging on a quarter that beat analyst estimates. The market needs to carefully reassess the results of the EV fast charging company before deeming any value in the stock. My  investment thesis  remains ultra bearish on the stock after the company guided to substantial losses in 2023. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details.  

  ChargePoint beat FQ2'22 revenue estimates, but the losses are mounting. The company guided up FY22 numbers partly due to acquisitions. The stock still trades at an estimated 21x FY23 number leaving limited upside for the stock and reinforcing why venture funds sold 13.8 million shares. Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our model portfolio.  Learn More » After  solid FQ2'22 earnings ,  ChargePoint Holdings  ( CHPT ) has seen a nice bump in the stock. Now investors have to confront the valuation divide and deal with the past insider sales likely leading to future sales on any stock rallies. My  investment thesis  remains very Bearish on the EV charging station stock on any rallies into the mid-$20s. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details.  Update - Sept. 8 Be cautious when analysts strugg...

  Volta goes public via closing the business combination with the Tortoise Acquisition Corp. II SPAC. The company operates an EV charging station network in a competitive space leading to 24 million SPAC shares being redeemed. The stock appears to have an EV of only $1.3 billion, but too many questions exist around charging station network moats to buy Volta. I do much more than just articles at Out Fox The Street: Members get access to model portfolios, regular updates, a chat room, and more.  Learn More » The SPAC craze has left several sectors crowded with newly public companies including the EV charging station space.  Tortoise Acquisition Corp. II  ( SNPR ) just got shareholders to approve their business combination with  Volta   (NYSE: VLTA )  to enter the space. My investment thesis remains negative on the space due to material inefficiencies in the business models. Read the full article on Seeking Alpha.  Disclosure: No position mentioned...

  ChargePoint insiders have filed to sell up to 13.8 million shares. These selling shareholders will still control ~140 million shares after the offering, placing a cap on the stock until more selling is done. The stock remains insanely expensive at 17x FY24 sales targets. Looking for more investing ideas like this one? Get them exclusively at Out Fox The Street.  Learn More » In no huge surprise, insiders are filing to sell shares of  ChargePoint Holdings  ( CHPT ) with the stock up substantially from the IPO and PIPE prices. The timing though is questionable since ChargePoint has recently fallen from the highs and took another 10% hit on the offering news. My  investment thesis  remains very negative on the stock and the EV charging station space due to weak financial results and ramping up competition. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details.  Update - July ...

  ChargePoint insiders have filed to sell up to 13.8 million shares. These selling shareholders will still control ~140 million shares after the offering, placing a cap on the stock until more selling is done. The stock remains insanely expensive at 17x FY24 sales targets. Looking for more investing ideas like this one? Get them exclusively at Out Fox The Street.  Learn More » In no huge surprise, insiders are filing to sell shares of  ChargePoint Holdings  ( CHPT ) with the stock up substantially from the IPO and PIPE prices. The timing though is questionable since ChargePoint has recently fallen from the highs and took another 10% hit on the offering news. My  investment thesis  remains very negative on the stock and the EV charging station space due to weak financial results and ramping up competition. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details.  Upda...