The highly anticipated merger between Switchback Energy and ChargePoint will result in some massive gains for the newly formed company in the future. Switchback is sponsored by NGP Switchback, LLC, which is owned by a private investment fund advised by NGP Energy Capital Management, L.L.C. Switchback Energy is a good buy before it closes its SPAC merger with ChargePoint. Founded in 2007, ChargePoint is a category creator … The company is focused on the energy technology arena targeting industries that require sustainable and innovative solutions to decarbonize in order to meet critical emission reduction objectives. But diving into the economic details gives a less-than-convincing picture. This means long trips are difficult to manage because we don’t have as many charging stations as we do gasoline stations. The resulting Chargepoint Holdings appears to be poised to expand and try to cement its lead in setting up charging networks in private homes, apartment complexes and public sites, such as retail store parking lots. EV charging network ChargePoint announced it would go public on the New York Stock Exchange via a deal with a special-purpose acquisition company (SPAC) called Switchback… Switchback Energy is a SPAC preparing to complete a merger with Chargepoint, a maker and provider of charging stations for electric vehicles in the U.S. and Europe. Trading volume was 8.4 times its 10-day moving average. Switchback Energy Acquisition Corporation was founded in 2019 and is based in Dallas, Texas. Switchback began trading on the NYSE in July 2019 and its common stock, units and warrants trade under the ticker symbols SBE, SBE.U and SBE.WS, respectively. As a SPAC, Switchback Energy’s days are indeed numbered. SBE stock is worth 55% more at $46.86, which is likely to occur once its reverse merger with ChargePoint clos... Switchback Energy Acquisition Corporation does not have significant operations. ChargePoint is not the only company in the charging business. The recent blue wave makes these cheap stocks look strong and likely to give great returns in the coming year. SPAC News: Playboy Plans to Go Public Again Under Ticker PLBY William White 10/1/2020 Death of Florida doctor after receiving COVID-19 vaccine under investigation Switchback II Corp., the second blank check company formed by NGP and former RSP Permian executives targeting energy technology, filed on … Switchback Energy (NYSE:SBE) isn’t among that group because it’s initial public offering took place last year, but SBE stock could prove to be one of the SPAC stars of the EV space. Investment Products. They're doing well with their pending Chargepoint merger so I'm hoping this will be another winner. Sites of the chargers vary and range from apartment complexes to shopping centers. If the deal is approved on Feb. 11, observers expect CHPT stock to soon be trading. With the gains from Switchback's pending merger with ChargePoint priced into SBE stock, it's time to take profits on the name. Aways do your own research and due diligence before buying any stocks mentioned on spaclisting. Thinking of investing in new companies before they become household names? No. The post Ambitious Revenue Guidance Puts Switchbac... ChargePoint seems fully valued, but growth could push it up. But it is a leader, and the proposed merger with Switchback Energy has put it in the spotlight. As a SPAC, Switchback Energy’s days are indeed numbered. Investors in SBE stock should realize: the company is building gas stations, not selling gas. Switchback Energy Acquisition Corp is registered with the U.S. Security and Exchange Commission and incorporated in the state of Delaware. The merger with ChargePoint is among this year's most anticipated SPAC deals, and you can front-run the bull move with a stake in SBE stock. Finally, interested investors have a date for shareholders to vote on the proposed reverse merger of Switchback Energy and ChargePoint. Some might consider a risky play in Switchback Energy Acquisition Company (NYSE:SBE) and shares of SBE stock. Nasdaq Switchback Energy is a SPAC preparing to complete a merger with Chargepoint, a maker and provider of charging stations for electric vehicles in the U.S. and Europe. SPACs are notoriously volatile but there are instances where investors who stayed the course were rewarded. 7 Top Performing SPAC: Company: Switchback Energy/ChargePoint Ticker: (NYSE: SBE) Price: 38.20 Return: 287%. More From InvestorPlace W... Switchback Energy holds a special meeting on February 11 to approve the ChargePoint merger. Switchback began trading on the NYSE in July 2019 and its common stock, units and warrants trade under the ticker symbols SBE, SBE.U and SBE.WS, respectively. Article printed from InvestorPlace Media, https://investorplace.com/2021/01/sbe-stock-switchback-energy-investors-have-choice/. Avoid it if you don't own it. Switchback II registered to offer 25 million units at $10 per unit to raise $250 million. Switchback Energy/ChargePoint SPAC Already Pricing In 2026 Blue-Sky Scenario Jan. 15, 2021 1:20 PM ET Switchback Energy Acquisition Corporation (SBE) SBEU 23 Comments 6 Likes Aurelien Windenberger He is a former investing editor at U.S. News & World Report in Washington D.C. and began writing for InvestorPlace in 2020. ChargePoint is a California-based company that is an international leader in charging stations for electric vehicles. Switchback Energy Acquisition Corp is primarely in the business of miscellaneous transportation equipment. All rights reserved. The deal is currently expected to be completed in February. Investors thinking about starting a position in SBE stock should consider wait. Switchback Energy Investors Have a Choice, Louis Navellier and the InvestorPlace Research Staff, A Play on the Biggest Scientific Breakthrough of the Century, What Did the Stock Market Do? Frankly, taking profit is the only sure move at this point. Switchback Energy Acquisition Corp. looks likely to become the next high-flying SPAC in an era where seemingly impulsive investors bid one stock … Switchback Energy is a good buy before it closes its SPAC merger with ChargePoint. ChargePoint is a comprehensive player in the industry, as it manufactures and installs the charging systems it operates. Ticker: SBE. So, too, will the SBE ticker… After trading resumed it was up 27.5% at $13.32. The company will cease to exist once the reverse merger with ChargePoint is completed. No polluting emissions, either. The company will cease to exist once the reverse merger with ChargePoint is completed. It intends to identify and acquire companies through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combinations. ChargePoint’s focus has been on North America and Europe. Switchback II Corp. - Renaissance Capital. There has been plenty of completed SPAC merger news in 2020 as more companies use it to go public and we're looking at the top performers. However, investing trends that worked in 2020 may not work again in 2021. As a SPAC, Switchback Energy’s days are indeed numbered. CNBC's Jim Cramer and David Faber discuss the latest news in the SPAC market including CIIG Merger Corp, Hennessy Capital, Switchback Energy and others. Batteries that store power for EVs have distinct limitations. The company focuses on investing in businesses and/or assets in the upstream and midstream energy sectors primarily in North America. Holding on is a gamble. But there are still opportunities. Those who bought SBE stock at lower prices are admittedly facing a dilemma. Switchback Energy is at it again with a new SPAC! The post Switchback Energy Investors Have a Choice appeared fi... SBE stock has a strong niche in the EV charging space The post Although SBE Stock Looks Pricey Now, the Long Term Outlook Is Tempting appeared first on InvestorPlace. (And it is expected to be approved.). Actually, big brains are sitting on companies like Kensington, Hylion, Pivotal, Tortoise, and Spartan Energy. SBE stock is likely to be volatile coming out of its IPO. "Mad Money" host Jim Cramer offered takeaways on QuantumScape, Switchback Energy Acquisition, Luminar Technologies, Canoo, XL Fleet and Ciig Merger. ChargePoint is using the special purpose acquisition company (SPAC), Switchback Energy (SBE) for its IPO. Real time Switchback Energy Acquisition Corporation (SBE) stock price quote, stock graph, news & analysis. As long as electric-vehicle sales grow, these companies will thrive. The SPAC's merger with electric-vehicle charging station company ChargePoint is coming closer to fruition. It is overpriced and waiting until CHPT dips makes sense. SBE stock has tripled since the merger with ChargePoint was announced. ET on InvestorPlace.com Switchback Energy Stock May Be Getting Too Frothy Here There's nothing wrong with buying shares of particular electric-vehicle companies, but SBE stock offers a unique entry point into this niche. From the company: “Electric … The engines are less complicated than their internal-combustion cousins. In this case Switchback Energy Acquisition is merging with ChargePoint in a $2.4 billion deal. The SPAC merger between Switchback Energy (SBE) and Chargepoint has been confirmed according to a recent filing with the SEC. For more information, please visit www.switchback … But the details suggest that shares are pricing in a growth rate that might be a tad too ambitious. But Pounce on the Lucid Motors Merger, CCIV Stock: Comparing Lucid Motors to Tesla as ‘Merger Monday’ Hopes Soar, Top SPAC Merger News This Week: Lucid Motors, EVgo, Joby Aviation and 7 More Hot SPACs, 7 Best Penny Stocks to Buy Early Into 2021, How the Internet Sent GameStop Stock Up 1,000% — And Where It’s Going Next. Let's hope they acquire another good one! Now, however, investors have a little bit more clarity on that point. ET, the man who recommended Google before anyone else will reveal his #1 stock pick for 2021 — for FREE — ticker symbol and all — in a special presentation. Switchback Energy breaks $10.00 on first day of trading. (This shouldn’t be a shock since trains have long used electric motors for propulsion. The combined company will take the name ChargePoint Holding and list on the NYSE. Weekly Surging SPAC Stock In Focus: Switchback Energy Acquisition (NYSE: SBE) November 20, 2020 Jack Dawkins sbe, spac. Switchback Energy Is a Risky, Volatile SPAC That Could Easily Crumble Jan. 11, 2021 at 11:23 a.m. Switchback quickly rose 11% after the news and was halted. On January 19 at 4 p.m. Electric vehicle SPAC stocks posted huge gains in the fourth quarter of 2020. Sometimes it's better to bet on a company like Switchback Energy than it is Tesla or Ford. So, too, will the SBE ticker. Business-facing software being a fast-growing sector is nothing new. If you acquired the stock when it was cheaper, taking profits now is certainly sensible. But that shouldn't turn investors off due to fears of saturation. The post Switchback Energy Stock Isn't a Buy-and-Hold, but Consider Trading the S... EV charging station stocks provide investors with a credible backdoor avenue to growth in the electric vehicle industry. The post SBE Stock Is A Power Play In The ... Switchback Energy stock is another EV SPAC play. And holding on is best reserved for investors who can stomach the volatility that will surely follow the reverse merger. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. When I last wrote about Switchback Energy on Dec. 21, SBE stock was trading at $36. But the growing complexity of… Primavera Capital Acquisition Corp. (PV.U) Prices Upsized $360M IPO. Switchback I went public last year and is now in a pending… News. Charging stations are vital to the long-term EV investment thesis, making SBE stock one of the more compelling SPAC ideas. Prospective closing dates have come and gone. Electric vehicle SPACs have been very prominent throughout 2020. SBE stock has increased in 2020 due to the popularity of SPACs, but a closer look at the basics of investing suggests to avoid it The post Switchback Energy Is a Risky, Volatile SPAC That Coul... On paper, SBE stock is an excellent play off the burgeoning electric vehicle market. The completion of the merger is expected on December 15, 2020. 2021 InvestorPlace Media, LLC. We look at why they are compelling and why each could be a fit for a blank-check merger. But it’s not all a bed of rose petals. Investor enthusiasm for the SPAC had been solid even though the date for the $2.4 billion reverse merger with ChargePoint seemed elusive. In fact, the day’s high so far has only been $9.96. The company operates about 115,000 charging stations that were installed in 14 different countries. While the entire electric-vehicle market has been red hot in 2020, these four EV stocks have been leading the pack for investors. On the date of publication, Larry Sullivan did not have (either directly or indirectly) any positions in any of the securities mentioned in this article. All rights reserved. 1125 N. Charles St, Baltimore, MD 21201. SBE stock could be worth 10% to 20% more if revenue is higher than forecast. SWBK.U is gonna be the symbol for this guy. The new year’s arrival also means that Switchback Energy, a special purpose acquisition company (or SPAC), is slated to complete a reverse merger with ChargePoint. Latest Stock Picks Investing Basics Premium Services. Switchback began trading on the NYSE in July 2019 and its common stock, units and warrants trade under the ticker symbols SBE, SBE.U and SBE.WS. Investors continue to jump into and out of SPAC shares in the electric-vehicle space. S&P. ChargePoint will be an indirect play on electric vehicle stocks, which primarily are manufacturers. So, what's the call with SBE stock? From every angle, SBE stock seems like a no-brainer. For financial reporting, their fiscal year ends on December 31st. But wait for a correction before buying SBE stock. ChargePoint Stock allows the retail investor to get onto the Electric vehicle bandwagon. Electric vehicles offer many advantages. This was the year of the special purpose acquisition company, with many realizing excellent gains. The diesel roar you hear comes from the generators.). Whether they live up to the hype remains to be seen. Here's how investors can play it using SBE stock options. These four companies could see more gains as mergers close. ChargePoint Stock Business Model. The volatile stock is currently trading around $41. That rally seems like too much — but there is at least a long-term case. The post How Much Juice Really Remains in Switchback Ene... SBE stock might be worth a try then. SwitchBack Energy stock is electrifying investors with its performance on Wall Street even before it has proven success on Main Street. Bearish bets against SBE stock are also growing, setting a duel between bulls and bears and a hot trade ahead. The oil patch is losing control of the market to companies whose machines harvest energy from the Sun and wind. Or, is this one to hold until the stock settles following the merger. The post Switchback Energy Is Getting Way Ahe... Switchback Energy has a sweet buy-the-dip setup right now. Looking back, SBE stock peaked at around $50, but slipped as officials kept postponing the merger vote. The post Switchback Energy Is a Prime Way to Play the EV Boom appeare... SBE stock will continue to rise once the merger closes, and we'll see a flurry of reports on ChargePoint as it starts trading on the NYSE. This price marks a hefty increase from its September 2020 start in the $10 range. and the management team of Switchback. However, if you believe in our electric future, the stock may reward your patience. 1125 N. Charles St, Baltimore, MD 21201. The post Politics Could Pinch Swtichback, But Long-Term Outlook Is Compelli... SBE is a recently approved SPAC by the SEC, which is essentially representative of Chargepoint, a company specializing in electric vehicle charging points. The post 7 Cheap Stocks to Buy as Democrats Gain Control appeared first on Inve... Switchback II Corporation's experienced management team is looking for deals in the clean energy space. Although ChargePoint will be new to the stock market, the company itself is not brand new. Switchback is sponsored by NGP Switchback, LLC, which is owned by a private investment fund advised by NGP Energy Capital Management, L.L.C. Along with those … Is the prudent move to sell those shares and capture profit? 22 mins Signature Bank (SBNY) CEO Joseph DePaolo on Q4 2020 Results – Earnings Call Transcript Seeking Alpha 23 mins Alaska Communications Is Taken Private As A Fairly Priced Wireline Operator Seeking Alpha 27 mins Emerging Market Bond ETF (EMBD): Q4 2020 Commentary Seeking Alpha 29 mins REV … Return. There is a possibility that once the merger between Switchback Energy and ChargePoint is completed, Switchback Energy stock will crumble. SBE stock began drawing investor interest once the proposed merger with ChargePoint became known. SBE shareholders will decide the fate of the proposed merger when they vote on Feb. 11. Obviously, that’s where ChargePoint comes in. The post 4 Electric Vehicle Stocks Racing Ahead of the Pack ap... A big merger for this energy sector-focused SPAC is expected to close by the end of the year. If you feel that way, I'd suggest starting small and watching what happens once the reverse merger with ChargePoint completes. If you are skeptical about EVs, buy “picks and shovels” investment, SBE stock, and gain access to the largest EV charging station network. But unlike many speculative EV stocks, ChargePoint has a track record and proven products in use. Larry Sullivan is a veteran journalist in Florida who has covered banking and finance for several years. Jan. 22, 2021, Don’t Buy CCIV Stock Now. and the management team of Switchback. So, too, will the SBE ticker… Copyright © 2021 InvestorPlace Media, LLC. What's the play on SBE stock? Mining and energy stocks have suddenly been rising since SPAC companies turned their attention to lithium and EV charging investments. Switchback II currently trades with the ticker symbol SWBK.U Stock Price: $12.18 USD 0.09 ( 0.74% ) Updated Jan 20, 2021 4:00 PM EST - Market closed
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