Weekly Surging SPAC Stock In Focus: Switchback Energy Acquisition (NYSE: SBE) November 20, 2020 Jack Dawkins sbe, spac. As a SPAC, Switchback Energy’s days are indeed numbered. quotes delayed at least 15 minutes, all others at least 20 minutes. Sometimes it's better to bet on a company like Switchback Energy than it is Tesla or Ford. 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. However, investing trends that worked in 2020 may not work again in 2021. It is overpriced and waiting until CHPT dips makes sense. Copyright © Latest Stock Picks Investing Basics Premium Services. Switchback Energy is a good buy before it closes its SPAC merger with ChargePoint. And holding on is best reserved for investors who can stomach the volatility that will surely follow the reverse merger. If the deal is approved on Feb. 11, observers expect CHPT stock to soon be trading. SwitchBack Energy stock is electrifying investors with its performance on Wall Street even before it has proven success on Main Street. Here's why I continue to like SBE stock. This price marks a hefty increase from its September 2020 start in the $10 range. Bearish bets against SBE stock are also growing, setting a duel between bulls and bears and a hot trade ahead. ChargePoint Stock allows the retail investor to get onto the Electric vehicle bandwagon. The combined company will take the name ChargePoint Holding and list on the NYSE. But it is a leader, and the proposed merger with Switchback Energy has put it in the spotlight. 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 Founded in 2007, ChargePoint is a category creator … Political outcomes fostered upside for SBE stock, but electric vehicle adoption trends will carry the day from here. No. S&P. The company operates about 115,000 charging stations that were installed in 14 different countries. Electric vehicles offer many advantages. It will be interesting to see if CHPT stock is consumed by the bubble that has pushed many EV to unrealistic heights. While the entire electric-vehicle market has been red hot in 2020, these four EV stocks have been leading the pack for investors. Is the prudent move to sell those shares and capture profit? Each SPAC ticker symbol represents a different class of security that is for sale. Switchback Energy is at it again with a new SPAC! Switchback is sponsored by NGP Switchback, LLC, which is owned by a private investment fund advised by NGP Energy Capital Management, L.L.C. Those who bought SBE stock at lower prices are admittedly facing a dilemma. Switchback II Corp., the second blank check company formed by NGP and former RSP Permian executives targeting energy technology, filed on … The post Switchback Energy Is Getting Way Ahe... Switchback Energy has a sweet buy-the-dip setup right now. 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? Switchback Energy breaks $10.00 on first day of trading. Larry Sullivan is a veteran journalist in Florida who has covered banking and finance for several years. The oil patch is losing control of the market to companies whose machines harvest energy from the Sun and wind. We look at why they are compelling and why each could be a fit for a blank-check merger. SBE stock began drawing investor interest once the proposed merger with ChargePoint became known. If you acquired the stock when it was cheaper, taking profits now is certainly sensible. The deal is currently expected to be completed in February. SWBK.U is gonna be the symbol for this guy. There's nothing wrong with buying shares of particular electric-vehicle companies, but SBE stock offers a unique entry point into this niche. SBE stock could be worth 10% to 20% more if revenue is higher than forecast. The highly anticipated merger between Switchback Energy and ChargePoint will result in some massive gains for the newly formed company in the future. 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. Switchback Energy is a good buy before it closes its SPAC merger with ChargePoint. ChargePoint is using the special purpose acquisition company (SPAC), Switchback Energy (SBE) for its IPO. Frankly, taking profit is the only sure move at this point. When I last wrote about Switchback Energy on Dec. 21, SBE stock was trading at $36. But wait for a correction before buying SBE stock. The staggering rally in Switchback Energy stock has been impressive, but a current pro forma market cap more than $13 billion looks like too much. All rights reserved. 7 Top Performing SPAC: Company: Switchback Energy/ChargePoint Ticker: (NYSE: SBE) Price: 38.20 Return: 287%. Investors thinking about starting a position in SBE stock should consider wait. 1125 N. Charles St, Baltimore, MD 21201. Ticker: SBE. In this case Switchback Energy Acquisition is merging with ChargePoint in a $2.4 billion deal. 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 Stocks. 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. So, too, will the SBE ticker. 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