ChargePoint Holdings Inc (CHPT): Motley fool actually being Positive toda...

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Timetravelerdos

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Friday, 12/03/2021 9:52:32 AM

Friday, December 03, 2021 9:52:32 AM

Motley fool actually being Positive today about CHPT !!!!
ChargePoint Holdings
Another crucial element of the EV growth story is robust charging infrastructure. EV adoption is not possible in the absence of easily accessible chargers. ChargePoint Holdings (NYSE:CHPT) has the largest network of public chargers in the U.S. The company has more than 118,000 ChargePoint ports globally.

ChargePoint earns revenue from hardware sales and subscriptions for its software. Its software-as-a-service model generates recurring revenue with a 100% attach rate to the hardware. The company also generates revenue through warranty services. ChargePoint estimates that over time, the total recurring revenue from a typical charging unit should grow to equal the hardware revenue from that unit.

ChargePoint is not profitable yet, but that may change over time. The business model for EV-charging companies is still evolving, and the companies face significant risks and competition. Still, as a top player with a recurring revenue stream, ChargePoint Holdings seems to have a better chance of succeeding than many of its competitors.

I don't call people names or use vulgar language in Public or Private. Once you cuss and call someone names you lost the argument and also lost your class. You have nothing else left to defend your comment. Statements are my Opinion only. Do your own DD.