 Huge news charge point is up big, but why is it up big? We'll go into it in this video I do also really like this stock as well in terms of the EV charging sector charge point I do see this one moving up in towards the future as well And I do hold this one as well So we'll go through this in this video and what is the recent news as to why this is up so much? If you do enjoy the video then do leave a like it does really help out the channel trying to grow the channel into the YouTube search results so any support is greatly appreciated I'm going to say another financial advisor I'm a business teacher, but I'm by no means an expert on the stock market Let's get right into the information of this video today Regarding charge point and the recent news that's coming out and the response by charge point to the Biden Administration on the recent news that's been coming out. Let's go into it So first of all we did actually mention charge point when it was getting around $20 to $24 Okay, and I said when it kind of gets around that level is an absolute bargain price I would say in terms of long-term because I see this one moving up much further than 20 to $24 You know so when it dips to that price I was like this is an absolute bargain and it's now at about $30 Okay, so $30 so it's moved up upon the recent news so it's up big But also there's some other news coming out as well, so we'll go through it But you know, I'm really really happy about this stock because I do see it in the future And I see that the EV industry is going to grow and this is going to do really well Now firstly, we've had The statement from the president and CEO of charge point on the Biden Harris administration in America's jobs plan and What they said as charge point is the United States is in the midst of a fundamental transformation of our Transportation sector with consumers businesses fleets and automakers Embracing the transition to electric vehicles This transition will create millions of American jobs reduce greenhouse gas emissions create Economic benefit and ensure a mega American transportation leadership for years to come now in a major a policy address laying out its future in Infrastructure agenda President Biden has put forward a plan with the goal of stimulating the installation of hundreds of thousands of Additional EV charging stations over the next decade by establishing Grant and rebate programs for state and local governments Biden's plan will increase private sector investment in EV charging Infrastructure across the nation an approach that is already driving investment today Charge point appreciates. So what they said? So what is the response to the recent news coming out with Biden? Charge point appreciates the commitment to support the electrification of the transfer Portation sector and is ready to help make this vision a reality We encourage Congress to pass legislation that supports the proposed plan and includes rebates to businesses that will Accelerate the installation of charging infrastructure for multi-family homes and workplaces Now it is somewhat likely that this will go through and I think that this focus and this focus on electric vehicles Is only going to continue We've got governments not just in sort of the US but across the world that are actually embracing Electric vehicles as towards the future I mean think of the electric vehicle industry itself the innovation that's going on and the quality of the batteries the quality of the cars is Increasing it's always increasing. You know, I can understand, you know Not rolling it out sort of 10 15 years ago because there was still innovation going on with electric cars But now they're getting that good that we're going to see mainstream adoption and with that the cars need charging And this is where charge point coming and I've got to say this isn't one of my biggest holdings. It's charge point I own About 600 pounds worth my overall portfolio is actually only worth like 13 12 about 11 grand. So I'm also looking to get into the the property investment as well So I'm trying to get to property investment Alongside stock market investment as well, but this is one of them. This is my top 10 holdings. They'll hold about six 700 pounds worth So where the $1 and I do see this one moving up. It might be about 500 actually But I do see this one moving up and you know I'm continuing to buy any time that there's a dip like for example the recent correction I bought more and I'm looking to buy Fever as if it dips again and it may do some sort of short report He's very unlikely for a short report to come out for charge point because of how good of a company that they are I mean, they're a fantastic company that is leading in the charging industry. Okay What else did they say so Congress should seek to expand the 30c tax credit to support fleet Electrification implement Department of Transportation led federal state grant programs to deploy Charging infrastructure alongside our nation's highways Providing funding for electric flying buses and enable agencies to favor electrify the feet once approved These measures will create jobs and accelerate the transition to EVs through the build out of EV charging infrastructure Worldwide. Yeah, that's really important because at the end of the day They need to grow The electric vehicle cars and the people who was going to be having those so that more people are going to be using the Chargepoint so it is is key to that and what this is doing and this why this stocks going up now is because this is accelerating the potential of this Mainstream adoption of electric cars happening much sooner. So we're going to see more electric cars on the road With this new information coming out and I think this is just accelerating this this process even faster It's inevitable that we move to electric cars. It's just simply how long do we have to wait till it's mainstream adoption? And I've got to say the investors that are invested in it now into the electric vehicle industry or electric charging industry It's going to pay off in the next sort of two three five years when we see more and more people moving towards the electric vehicle sector Okay Now moving on what has happened? Okay in terms of the stock price The shares of electric vehicle charging network company Jumped jumped higher. Okay in terms of this and several items Detailed in the Biden package helps drive in charging companies. So this is in terms of in the past So there is a two trillion pound package including seven six hundred and twenty billion allocated to transporting infrastructure Okay, and it includes five hundred thousand charging station electrifying bus fleets Okay, so this was in the past and you know what I would say is is this has got a lot of potential I do see that this charging infrastructure is going to only continue to grow Okay Before we move on to some further information if you could smash the like button It really does help support out the channel, you know, we're just trying to grow the channel You were a small channel. We're trying to grow to twenty thousand subscribers So if you knew to the videos then do consider hitting the subscribe button and also smash the like button So it then gets up into the YouTube search results and more people see these charge point videos. Okay, so let's go into this So they've also got some recent Forecasts here. This is on tip ranks and the forecast in terms of the analysts for analysts They have this at a low of twenty eight dollars an average of thirty nine dollars and a high of forty six dollars. I See within the next six to twelve months This is going to be at least a forty dollar stock. Okay, so it's currently around thirty dollars It was close to twenty dollars during the correction and when EV EV stocks were getting hit massively Okay, overly, you know kind of overreaction really and I would say considering the potentially industry and What I would say is that this is going to forty dollars easy in the next six to twelve months So if you get it at the lower twenty dollar range if it dips again, that's fantastic But it may not see that range again. We just don't know do we we can't predict the future But what I would say is if you can get this and put it on like the you know You watch list for twenty twenty five thirty and sort of buy around that level I do see this one moving up much further towards the forty dollar range even fifty dollars Potentially the next twelve months. I do believe that I agree with the sort of high-to-average side of the Of the estimates more towards the high side. I am very confident on this Charging stock this EV charging stock Now it says here that charge point has more than seventy percent of the North American Level two with charging network which uses 240 volt power which these meet the needs of many EV users Charge point also has more than two thousand public of a publicly available fast charging stations The company just announced its initiative With that so the trade association representing the travel plaza and truck stop industry Which are looting at loot which will utilize one billion in public and private funds to expand charging More than four thousand travel plazas and fuel stops in the next decade Charge point president and CEO said in a statement that the company supports the initiative Noting that the plan includes rebates that will help workplace and multifamily accelerate the building of a charging infrastructure Network he added these measures will create jobs and accelerate the transition to EVs So absolutely and this is a market leader In the states in the in charge point Okay in terms of the EV charging industry and I think it's important to have a Charging company in your in in the portfolio I've got two main ones two main ones, which is this and TP GUI, which is EV box And I do see these ones doing really well But charge point is is absolutely expanding the amount of infrastructure is expanding the amount of charge points Available okay, and the fast charging stations available and it really is that case that these these is an infrastructure player They need to build these up massively so that when the trim transition to EVs is there They're gonna be the market leader of the one providing those charging stations and again This is a fantastic play I think I think it's a very simple business model right simple business model simple process It's a simple process of what they're doing. They've got the tech They've got the ability to build these electric charging points They've just got to build up more locations more places obviously anticipate the Transitions to EV and then provide that service as well They also have a really good app that's in association with charge point Which allows you to find where the closest charge point is and there's some good software and service elements behind this So that gives it a unique selling point Okay, so because you can look at some of these other Charging station stocks and some of them are really good. There's some fantastic ones out there But this one I like because it's got a bit of a service element to it It's also thinking about the customer experience, you know, it's not just about the charging station itself And obviously charging your EV car. They're thinking a lot about the customer experience behind that Which I do really like as well It's got a good area there and that sense and again It's one of the market leaders in a sense that they're building up their infrastructure the most and they're absolutely You know building this up a massively fast rate, which is good to see Now, they've also got this progress towards 20 30 fast charging quit Commitment across the United States. So we've got 150 DC fast charging spots funded Thus paves the way towards collaborative one billion dollar national charging go Okay, so the EV charging network and that's a represent travel plazas and truck stop and today announced Significant progress in the first year of the national highway charging collaboration and the initiative that will leverage one billion dollars in public and private capital to deploy charging at more than four thousand four thousand Unbelievable numbers travel plaza plazas and fuel stops serving highways Travelers and rural community communities nationwide by 20 30 and that's important It's not just it's not just about the urban areas It's also the rural communities that really do if they're going to switch to EV charging solutions They really do need the charge points in a rural community. So they're looking at that come by 2030. Okay 2030, you know, it's obviously not that far far off in the long scheme of things and So I do see this one doing really well and this is a long-term hold for me I don't see myself selling charge point. This is some massively terrible news that comes out that completely destroys the company then obviously That's when I would I would Be worried, but I do see in the this is a long-term hold. This is not a flip-flip. It's not a swing trade This is hold on Establish your position. Now the only reason why I only have sort of six hundred seven hundred pounds worth Which is about eight hundred nine hundred dollars thousand dollars. It's not much The only reason I have that that only that amount is because I'm looking to build up my position And I'm in no rush here I'll build my position because I plan on holding this one for many many years. Okay, so not a problem at all for me There's a in this first year the public private collaborative successfully funded more than 150 DC fast charging spots With additional access to more than 1500 publicly available DC a fast charging spots for the consumers the collaborative continues to aggressively scale its efforts Expecting to reach one billion Dollars in investments by 20 30 This is in line with the expected arrival date of dozens of new EV models The national highway charging Collaboration collaborative is increasing access to EV charging along highways and rural North America by filling Infrastructure gaps along the national highway system Fantastic news there that makes EVs more accessible They also have more than 11 million dollars of public and private fundering led led leverage towards this Collaborative and charge points ongoing effort to significantly expand Access to charging across the cities and roads and long highways is core to our mission Okay, and this is going to create a lot of scaling up of the infrastructure. Okay, and that is the game. It's literally Build more charge stations provide good customer service wait for the adoption of EV vehicles and it's straightforward It's easy to understand It's easy to understand business model and I like it. I like the company Okay, so that's what I've got for today at the current price. It's at $30. Okay, you know $30 You know, I see this one moving up to above $40 Certainly in the next six months to 12 months. I do see this one as a long-term player Okay, it's gonna move up long term in my opinion I do see it as if you can catch this at any sort of correction I say I've had these corrections and I've been saying I've been saying with these corrections I've been saying all the way through by these companies that you're gonna hold long like so for example charge point It had a massive dip massive dip and I was like buy this up buy this up You know and so I've been increasing my position Okay, let's say I'm in the I'm getting involved in all sorts of property investment as well So there's only so much I can I can buy at the moment. I wish I could buy more But I will be you know every month sort of putting some money into this If it's at the right price and again, I'm looking for these times where it's on sale So when there's a correction you buy it up, sir We're seeing this actually moving up now because of all these recently Brilliant news is and then this is this is something to consider that you know this Charge point stock has got a lot of catalysts coming out, right? There's a lot of different aspects, you know new new deals larger larger infrastructure the favorable political climate for the EV industry There is also revenue generation when they actually build obviously the more EV vehicles that come To fruition the more charging stations that we're going to be used that's going to impact the revenue. That's the catalyst There is all sorts of catalysts coming forward for this stock. It's unbelievable So I am very very very happy about this one I've got like say TPG Y as well EV box, but charge point is is really good as well CHPT And I do see this one doing really well into future now if you did enjoy this video if you found it informative Again, I'm by no means an expert. Let's say I'm I'm a business teacher. So I do understand businesses I understand what to look out for you understand what I'm looking for in terms of the marketing the the product offering to the Consumer the target market all those sorts of areas. So I do see Stocks that I do gonna do I do thinks gonna do good What companies in general in terms of business is what I think is gonna do good But if you do enjoy that then do smash the like button and I will see remember to subscribe if you knew Let's try and get our subscriber count up and I'll see everybody in the next one