![]() ![]() With sector leader Tesla ( NASDAQ:TSLA) demonstrating the viability of EVs – at least for the well-to-do demographic – hordes of would-be competitors jumped on board. The EV sector may be unique in that the eggs have already hatched. On the other end, for infrastructure providers to justify their enormous investments, EVs must flourish. For EVs to truly flourish, the infrastructure must be available. While seemingly everyone wants to rush into the EV space, it’s important to consider the sector’s chicken-and-egg conundrum. Though infrastructural plays offer less emotional exuberance, CHPT stock and its ilk bring more credibility to the table. ![]() In contrast, those who bank exclusively on individual EV stocks are betting on which team will win. Thus, investors considering CHPT stock should be forewarned: this will likely not be an easy trade by any stretch of the imagination.Īt the same time, from a narrative standpoint, ChargePoint essentially offers tickets to the big game. To be fair, even infrastructure plays like ChargePoint did not receive an exemption from volatility. What’s worse, even the contenders suffered sharp losses last year. Unfortunately, the downturn of 2022 and the subsequent pressures on the consumer economy exposed the contenders from the pretenders. In all likelihood, investors who bank on individual EV brands stand poised to gain the greatest return - assuming, of course, that the target brands rise above the others. I am bullish on CHPT stock long term, although investors should prep for a choppy ride. Thus, investors should consider ChargePoint ( NYSE:CHPT) stock (currently 77% off its highs), which theoretically offers a more predictable, brand-agnostic investment. ![]() Though EVs represent exciting upside potential, they also present wild variabilities. ![]()
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