EV Industry Developments Have Us Charged Up About This Position [TheStreet.com]
ChargePoint Holdings, Inc. (CHPT)
Company Research
Source: TheStreet.com
All states now have access to all FY22 and FY23 National Electric Vehicle Infrastructure (NEVI) Formula Program funding that totals more than $1.5 billion. As a reminder, that program will help build EV chargers covering approximately 75,000 miles of highway across the country and has earmarked $5 billion to spend over the coming five years as part of the Biden Infrastructure Law. There is also the $2.5 billion Discretionary Grant Program for Charging and Fueling Infrastructure, which aims to ensure charger deployment meets the Biden administration's priorities, including equity commitments to increase EV charging access in rural, underserved, and overburdened communities. While today's development is no doubt a positive for our thesis behind CHPT shares, the next hurdle is the approval of plans to tap these funds -- although what we see points to favorable 2023 comparisons for ChargePoint's business. The Federal Highway Administration has a website that will list approved plans for
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CHPT
News
- DC Fast Charging Stations Market to Reach $121.5 Billion Globally by 2032 at 40.2% CAGR: Allied Market Research [Yahoo! Finance]Yahoo! Finance
- Chevron Launches $500 Million Fund to Invest in Clean Tech [Yahoo! Finance]Yahoo! Finance
- Chevron Launches $500 Million Fund to Invest in Clean Tech [BNN Bloomberg (Canada)]BNN Bloomberg
- WEX Streamlines Commercial EV Adoption with General Availability of At-Home and En Route Charging Products [Yahoo! Finance]Yahoo! Finance
- The JF Petroleum Group Acquires GE Goodson Service Company, Inc. [Yahoo! Finance]Yahoo! Finance
CHPT
Earnings
- 3/5/24 - Miss
CHPT
Sec Filings
- 4/1/24 - Form S-8
- 4/1/24 - Form 10-K
- 3/29/24 - Form 4
- CHPT's page on the SEC website