Beam Global reported sales of $1.37 million in Q1 compared to $1.31 million in the prior-year period.ĬhargePoint stock is trading at a forward price to sales multiple of 33.8x and this multiple for Beam Global is higher at 35.75x. However, its sales growth was less than impressive in Q1 of 2021. In the March quarter, Beam Global reported a loss per share of $0.14 which was narrower than a loss of $0.17 per share as forecast by Wall Street. Its loss per share is also forecast to improve from $0.84 in 2020 to $0.28 in 2021. In 2020, Beam Global reported sales of $6.21 million, and analysts expect revenue to increase by 123.3% to $13.87 million in 2021 and by 97.3% to $27.4 million in 2022. Its portfolio includes EV ARC, an autonomous renewable charger that leverages integrated solar power and battery storage providing a power source for factory-installed EV charging stations. CHPT has over 4,000 commercial customers and is one of the top stocks in the EV infrastructure space.Ī cleantech company, Beam Global designs, develops, manufactures, and sells products for EV charging infrastructure as well as energy security products. ChargePoint derives revenue from a company that provides EV charging as an incentive to its employees. However as seen above, revenue growth will gain pace going forward.ĬhargePoint is focusing on enterprise partnerships and its sales do not depend on the utilization of its charging stations. ChargePoint grew sales by 60% in 2019 and its top-line growth has decelerated amid COVID-19. This growth in revenue and improvement in the bottom line will allow ChargePoint to post a breakeven EBITDA by fiscal 2024. The company is also forecast to increase sales to $204 million in 2022 and to $345 million in 2023. While still unprofitable, ChargePoint is expected to narrow its loss per share from $7.77 in fiscal 2021 to just $0.26 per share in fiscal 2023. In fiscal 2021 (ended in January), ChargePoint reported sales of $146.5 million and ended the year with more than 132,000 charging points in Europe and North America. So, let's take a look to see which EV infrastructure stock should be on your buying list. It could rise to 245 million in case governments all around the world support and subsidize clean energy solutions. The shift to clean energy solutions should drive the demand for EVs higher in the upcoming decade which makes infrastructure stocks such as ChargePoint ( CHPT ) and Beam Global ( BEEM ) solid long-term bets today.Īccording to an IEA (International Energy Agency) report, the number of EVs might rise from just 10 million in 2019 to 140 million by 2030. That being said, one such emerging industry is the electric vehicle (EV) infrastructure industry. Alternatively, it is not an option for conservative or risk-averse investors due to the disruptive nature of this space. It provides investors with the chance to derive outsized gains and increase their capital at an exponential rate. Investing in emerging technologies is always an exciting option. Should you place your bets on an established player like ChargePoint or buy shares of Beam Global that's trading at a massive discount right now. The two companies are part of a rapidly growing market which is bound to attract competition in the upcoming decade. ChargePoint Holdings (CHPT) and Beam Global (BEEM) are participants in the EV infrastructure sector.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |