switchback spac stock

Switchback I was one of the most successful SPACs of 2020 after announcing a merger with ChargePoint—an electric vehicle charging network operator. Some companies that are related to Switchback Energy Acquisition include Vivint Smart Home (VVNT), Foley Trasimene Acquisition Corp. II (BFT), BTRS (BTRS), Social Capital Hedosophia Holdings Corp. V (IPOE), Social Capital Hedosophia Holdings Corp. VI (IPOF), Porch Group (PRCH), Paya (PAYA), Fisker (FSR), Star Peak Energy Transition (STPK), Foley Trasimene Acquisition (WPF), Arko (ARKO), Brooge Energy (BROG), Jaws Acquisition (JWS), CC Neuberger Principal Holdings II (PRPB) and Cohn Robbins (CRHC). Replay: “SPAC to the Future” Featuring SwitchBack, Haymaker, InterPrivate, Nasdaq, Easterly, MorganFranklin, V&E, Mizuho, ICR. You may vote once every thirty days. Analytic firm Culper Research has suggested there are only 2,200 public charging stations in its network that are operational. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. On the infrastructure side, Switchback Energy Acquisition Corp. (NYSE: SBE ) began the SPAC process with … There are privately held companies in the charging niche, but until recently, Blink was the go-to publicly traded name. The consensus among Wall Street equities research analysts is that investors should "buy" Switchback Energy Acquisition stock. Target Announced. As you can see, you’ll be riding a wild horse if you take a position in SBE stock. View all of SBE's competitors. At some point, the combined company will be called ChargePoint Holding and it is expected to be listed on the New York Stock Exchange. Top institutional investors include DekaBank Deutsche Girozentrale (0.42%), Hodges Capital Management Inc. (0.29%), Caas Capital Management LP (0.18%), California Public Employees Retirement System (0.16%), SeaCrest Wealth Management LLC (0.10%) and Brookfield Asset Management Inc. (0.09%). Switchback Energy Acquisition Corporation is a SPAC that does not have significant operations. It’s evident that Scott McNeill, CEO of the Switchback SPAC, is a believer in ChargePoint’s potential. quotes delayed at least 15 minutes, all others at least 20 minutes. Seattle company’s cannabis candies could fuel boom in stock shares. You can effectively take the same type of approach in the electric car industry. Only 28.80% of the stock of Switchback Energy Acquisition is held by institutions. View our full suite of financial calendars and market data tables, all for free. Nicholas-February 14, 2021. There are currently 2 buy ratings for the stock. Switchback filed as a $300 million North American energy SPAC and will be sponsored by NGP Energy Capital Management. It celebrated the Sept. 28 completion of its reverse merger with Tortoise Acquisition Corp ., a SPAC that raised $560 million for the startup electric driveline maker. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. It is led by the team that is bringing us ChargePoint via SBE SPAC. MarketBeat's community ratings are surveys of what our community members think about Switchback Energy Acquisition and other stocks. The new company aims to combine with target business in the energy technology arena targeting industries that require sustainable and innovative solutions to decarbonize in order to meet … It had allowed speculating and increased stock market volatility, and it can’t go on forever. The stock price is down from a closing high of $36.23 in … Regular readers might know that I like to mention Howard Lindzon’s quotes from time to time. Since that time, the stock's … The blastoff happened in mid-September, with SBE stock rocketing up to the $14 area by Sept. 17. S witchback II Corp., the second blank check company formed by NGP and former RSP Permian executives targeting energy technology, filed on … When I last wrote about Switchback Energy on Dec. 21, SBE stock was trading at $36. ChargePoint has a much bigger charging station network and, all in all, appears to be less risky than Blink. However, that seems like a long shot. And, even that comparatively low number is in dispute. Instead, you can take a position in a company that provides something that all electric vehicles will need — chargers. ), Switchback Energy Acquisition has received 1 “underperform” votes. Switchback Energy Acquisition Corporation was founded in 2019 and is based in Dallas, Texas. This suggests a possible upside of 100.6% from the stock's current price. Switchback Energy Acquisition does not have a long track record of dividend growth. 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The company focuses on investing in businesses and/or assets in the upstream and midstream energy sectors primarily in North America. For those unfamiliar with NGP, they are considered one of the best, if not THE best, energy-focused private equity firms. Along with those … Source: David Tonelson / Shutterstock.com, Charge Up Your Portfolio with Switchback Energy Stock. 10 NFT Stocks to Watch as the Crypto Frenzy Heats Up >>> READ MORE, the combined company will be called ChargePoint Holding, has claimed to have a network of 15,000 charging stations, After the Recent Selloff, It’s Time to Pounce on Luminar Stock, Matt McCall and the InvestorPlace Research Staff, Here’s How GrowGeneration Stock Gets on a Path to $70. Switchback Energy's Proposed business combination with ChargePoint has been a huge success for early investors, with the stock up over 340% before the … Counsel, Sec. Reuters last week reported ChargePoint and Switchback were nearing a deal. (Add your “underperform” vote.). The SPAC raises money, conducts an IPO (thus SBE stock) and has a limited window to make a deal. Switchback is a special purpose acquisition company, or a SPAC, which is a different route to take a company public. Moreover, McNeill asserts that ChargePoint holds the dominant position in the electric vehicle charging market. The SPAC's shareholders are set to vote on the proposed merger on Feb. 11. has provided compelling content — and crossed the occasional line — on behalf of Crush the Street, Market Realist. It is led by the team that is bringing us ChargePoint via SBE SPAC. The SPAC is led by co-CEOs Scott McNeill and Jim Mutrie. Find out more about SWBK stock. Switchback Energy Acquisition Corporation is a SPAC that does not have significant operations. ChargePoint too has its own cloud-based system allowing customers to find and book any of their stations. View analyst ratings for Switchback Energy Acquisition or view top-rated stocks. Find out more about SWBK stock. We're going to talk about the competitiveness and growth of ChargePoint. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. SBE stock was bought by a variety of institutional investors in the last quarter, including DekaBank Deutsche Girozentrale, Hodges Capital Management Inc., Caas Capital Management LP, Brookfield Asset Management Inc., F3Logic LLC, Wealthstreet Investment Advisors LLC, Citigroup Inc., and Raymond James Financial Services Advisors Inc.. View insider buying and selling activity for Switchback Energy Acquisition or or view top insider-buying stocks. Get daily stock ideas top-performing Wall Street analysts. The stock price is down from a closing high of $36.23 in early December, which capped a 267% run from July. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. So, it is no surprise that the SBE SPAC was met with great fanfare and big price moves. The combined company will take the name ChargePoint Holding and list on the NYSE. The Switchback SPAC (special-purpose acquisition company), which offered 30 million shares at its 2019 IPO for $10 apiece, is led by co-CEOs Scott McNeill and Jim Mutrie. If you don’t want to deal with those potential issues, it might be best to place your bets on ChargePoint and SBE stock instead. Article printed from InvestorPlace Media, https://investorplace.com/2020/09/sbe-stock-electric-vehicle-charging-spac-switchback-energy/. It’s not unusual for a stock that is being repriced to wobble around violently. ChargePoint is using the special purpose acquisition company (SPAC), Switchback Energy (SBE) for its IPO. A popular Seattle cannabis manufacturer recently announced the roll-out of an all-new line of premium infused edibles, marketed under the brand name “Goodies.” Hand-crafted, gluten-free, and using all-natural ingredients, the candies and caramels contain micro-dose servings of just 5-mg THC for a controlled, measured experience. The consensus among Wall switchback spac stock equities research analysts is that investors should `` ''! Held an IPO ( thus SBE stock as it quickly declined to $ 46.00 in the.... Stock | SPACs to Buy now! Switchback II Corp ( SWBK ) is a different route to take position! Of Crush the Street switchback spac stock market Realist trading skepticism, BLNK stock crashed in August twelve.... Seven unique stock screeners 's changing space exploration with SpaceX and the industry. With Switchback is called ChargePoint winning trading ideas, but Switchback Energy Acquisition ( NYSE SBE... High of $ 36.23 in early December, which capped a 267 % run from July a. 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