ð¨Trade Alert ð¨ CRGEÍ â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â Í â The EV Race is Filled with Winners Like Tesla⦠This Little-Known NASDAQ EV Company Could Turn into Another Big Winner⦠Greetings All, In recent years EV (electric vehicle) stocks have been multiplying as EVs continue to go mainstream. Sales of EVs (both fully electric and plug-in hybrid) almost doubled in 2021 with EV sales steadily gaining market share, [exceeding four percent]( for the first time. Then global sales of electric cars increased [by around 60% in 2022,]( surpassing 10 million for the first time. 1 in 7 cars now sold globally is an EV and virtually every automaker has announced broad electrification plans, with several setting aspirational targets of 100 percent zero emission vehicles in the 2035 to 2045 timeframe. In the wake of all this and Teslaâs impressive run that turned it into a $500B market cap giant, many investors are keeping an eye on an electric future. Hurry and add Charge Enterprises, Inc. to your watch list! Quietly trading on the NASDAQ, the stock trades under the ticker symbol CRGE and is priced around $1 a share. This EV company could be an extraordinary growth story in the making! CRGE is an electrical, broadband and EV charging infrastructure company that provides clients with end-to-end project management services. The stock has an impressive consensus [price target of $4.75]( which indicates upside potential of over 300% from current levels! EVs are a breakthrough technology that is anticipated to become a big part of the future. Many say that electric vehicles are here to stay. Policymakers and automakers have embraced ambitious goals for electrified vehicles (EVs) of [40-50 percent of sales]( by the end of the decade. Even the White House itself [published a fact sheet]( about EVs and President Biden himself has called them the future. CRGE has a vision to become a leader in enabling the next wave of transportation and connectivity. The company is building, designing, and operating seamless infrastructure for electric vehicles and high-speed broadband. With the increased demand for 5G data and EV mobility, the time is now for a company to deliver seamless end to end solutions to build infrastructure! CRGEâs plan is to cultivate repeat customers and recurring revenue by deploying a multi-phased strategy, initially where investment in the EV charging revolution is taking placeâ¦. the nationâs approximately 18,000 franchised auto dealers!! Companies like CRGE who are at the forefront of the EV boom could stand to reap the biggest rewardsâ¦. and with a price target more than TRIPLE compared to current levels, this could be the best time to pay attention! Charge Enterprises, Inc. (NASDAQ: CRGE) [( Company Overview: CRGE operates in two segments: Infrastructure, which has a primary focus on EV charging, broadband and wireless, and electrical contracting services; and Telecommunications, which provides connection of voice calls and data to global carriers. The companyâs vision is to be a leader in enabling the next wave of transportation and connectivity. By building, designing, and operating seamless infrastructure for electric vehicles, we aim to create a future where transportation is clean, efficient, and connected and to empower individuals, communities, and businesses to thrive in a more sustainable world. CRGE strategically plans to deploy a multi-phased strategy, initially where investment in the EV charging revolution is taking place, the nationâs approximately 18,000 franchised auto dealers. Starting with the largest automotive OEMs, their dealers, and their fleets, the companyâs goal is to capture a significant portion of these retail dealerships - creating a dealer ecosystem that will lead to repeat customers and recurring revenue! Complementing this strategy will be the acquisition of strategic infrastructure businesses that will provide cash flow, skill teams and knowledge to enhance the buildout of our EV infrastructure strategy. Infrastructure: CRGEâs infrastructure business focus is to implement end-to-end solutions for customers that are custom designed to enhance connectivity, productivity, reduce the cost of operations, and improve the efficiency of commercial operations for its customers and their consumers. The companyâs Infrastructure segment comprises several different businesses: Broadband and Wireless, Electrical Contracting Services, Electrical Vehicle Charging and Fleet Services. Telecommunications: CRGEâs Telecommunications business has provided routing of both voice and data to carriers and mobile network operators globally for over two decades, recently added short message services ("SMS") and is poised to selectively add additional products and services to this long-established business. Investment Highlights: - A leading expert in making the journey to electrification simple - Full-stack electrification provider with intimate knowledge of EV Charging.
- Asset-light, Central and Sustainable Business Model - Capturing the highest and most profitable spend in the EV Charging value chain.
- 150+ years of combined direct OEM management experience - Strong relationships with OEMs and dealerships, where significant private investment is taking place.
- Supported by a portfolio of established and profitable infrastructure businesses - Diversified and growing earnings base from blue-chip customers.
- Market constituents aligned creating unprecedented Market Tailwinds - Government, Consumers and OEMs are aligned in driving rapid EV adoption. Growing Market: EV adoption is accelerating at an unprecedented pace resulting in rapidly growing EV infrastructure needs. Dealerships are Transitioning to a New EV Business Model - OEMs are Mandating Strict Guidelines around EV Charging - Non-compliance poses new EV inventory allocation risk for dealers
- High Upfront Capex and Higher Energy Use Considerations - Dealers expected to fully self-fund EV charging sites and decisions today can impact Opex and future scalability tomorrow
- Coordination requirements among multiple Constituents - Utilities, local agencies, Federal and State coordination with varying timelines for zoning, permitting, power availability and incentives
- Procurement of Hardware and Equipment - Delay and shortages for EV chargers, transformers and related equipment pose a significant threat to Project ROI
- Public customer Access vs. Private Use - Mixed use scenarios have varying implications on security and resiliency A Record Backlog: Earlier this month CRGE reported a record backlog after the close of the first quarter 2023 and reaffirmed its commitment to pursuing growth within the EV charging infrastructure sector. The company reported a $107 Million Signed Infrastructure Project Backlog as of March 31, 2023! "We have demonstrated through our record backlog that we continue to provide essential infrastructure services in the EV charging, broadband infrastructure and electrical infrastructure markets. The growth of our backlog is a testament to the leadership of our infrastructure divisions, the processes that we are implementing, and the teams that we are building," said Andrew Fox, CEO of Charge. âThe growth of our EV charging infrastructure division, Charge Infrastructure (CI), reinforces our strategy to focus on the EV transition as a pillar of our companyâs future. CIâs backlog growth, now representing over 20% of the total, supports that our unique and specialized offering is valued by our clients. Our 150 years of automotive OEM expertise, investment in educating our customers while we remain focused on white-glove service, and our commitment to deliver client-centric solutions throughout the project differentiates Charge. We continue to focus on our mission to be the trusted advisor for EV charging infrastructure ecosystems, and we are grateful to play a role in the transition from gas to electric powered vehicles," Fox concluded. A Collaboration with Eaton: CRGE and [Eaton]( an intelligent power management company, announced in March a strategic collaboration to fast-track electric vehicle (EV) charging infrastructure deployment for fleets and car dealers. This press release features multimedia. View the full release here: [( With the [U.S. aiming for EVs to make up 50% of all vehicle sales by 2030]( and the[Inflation Reduction Act (IRA) providing tax credits up to $40,000 for commercial vehicles]( access to convenient, reliable and affordable EV fleet charging is essential. Eaton and CRGE are providing complete EV charging infrastructure for fleet electrification, including projects incorporating renewables and enabling net zero models. "Working closely with Eaton, weâre offering a premier solution for fleets. Eaton is delivering intelligent and innovative electrical solutions for affordable and sustainable EV charging, while Charge integrates years of vehicle expertise and premium services to develop, plan and create fleet models that support Total Cost of Ownership TCO and maximize EV uptime as well as provide remote maintenance and monitoring," said Mark LaNeve, President of Charge. In Summary⦠With an addressable dealership market and a sustainable business plan, CRGE is firing on all cylinders to become a household name in EV charge infrastructure. The EV revolution is here and those at the forefront could become tomorrowâs big winners. CRGE with a nearly $5 price target may see substantial upside ahead as Wall Street continues to discover the company! Copyright 2022 © SCDalerts.com is owned and operated by the owner of SCD Media LLC. Disclaimer and Privacy For more Information please contact info@smallcapsdaily.com This website provides information about the stock market and other investments. This website does not provide investment advice and should not be used as a replacement for investment advice from a qualified professional. This website is for informational purposes only. The Author of this website is not a registered investment advisor and does not offer investment advice. 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