EVs Charging Station Stocks To Rise In 2021; Here’s Why

March 11, 2021 12:47 PM AEDT | By Mark O'Donnell

EVs Charging Station Stocks To Rise In 2021; Here’s Why

Blink Charging Co (NASDAQ:BLNK)

Blink Charging operates an extensive collection of stations across North America, Europe, and the Middle East. Blink also sell station equipment to sole operators in a franchise model.

Source: © Pvl | Megapixl.com

The boom in the EV industry has spilt over into Blink Charging's stock price. In the past year, the stock is up by 2,188%. On 10 March, Blink shares last traded at US$35.35, increasing by 2.97%.

ChargePoint Holdings Inc (NYSE:CHAPT)

ChargePoint is North America's largest EV charging station brand. The Company operate over 100,000 charging stations across the US and Canada.

Source: © David68967 | Megapixl.com

ChargePoint technology is the go-to brand for office, hotel, and university parking lot charging. The high accessibility of the Company's technology has helped it develop partnerships with automakers such as BMW, Volkswagen, and Swedish newcomer, Polestar.

Since joining the NYSE in September 2020, ChargePoint stock has risen by 257%. On 10 March, by the end of the trading session, ChargePoint shares were at US$28.633, decreasing by 0.53%.

TPG Pace Beneficial Finance Corp (NYSE:TPGY)

EVBox is the dominant European charging station brand. The Company expects to grow by more than 70% year on year for the next few years. The potential for EVBox to scale is due to the high adoption rates of EVs in Europe.

Because EV adoption in Europe far outpaces the rest of the world, EVBox’s healthy cash flow should give it an advantage over competitors when it decides to enter new markets.

EVBox joined the NYSE in December last year post its merger with a SPAC (special purpose acquisition company) known as TPG Pace Beneficial Corp.

At this time, the stock is up by 70%. On 10 March, TPGY shares last traded at US$17.15, decreasing by 4.30%.

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