The company will cease to exist once the reverse merger with ChargePoint is completed. SBE shareholders will decide the fate of the proposed merger when they vote on Feb. 11. Ticker: SBE. Mining and energy stocks have suddenly been rising since SPAC companies turned their attention to lithium and EV charging investments. Investors in SBE stock should realize: the company is building gas stations, not selling gas. The staggering rally in Switchback Energy stock has been impressive, but a current pro forma market cap more than $13 billion looks like too much. These four companies could see more gains as mergers close. The engines are less complicated than their internal-combustion cousins. and the management team of Switchback. The post Completed SPAC Mergers 2020: 10 Top Performi... SBE stock gained altitude in the days leading up to reverse merger with ChargePoint and the quest to provide electric vehicle infrastructure. Switchback Energy Acquisition Corporation was founded in 2019 and is based in Dallas, Texas. More From InvestorPlace W... Switchback Energy holds a special meeting on February 11 to approve the ChargePoint merger. Political outcomes fostered upside for SBE stock, but electric vehicle adoption trends will carry the day from here. When I last wrote about Switchback Energy on Dec. 21, SBE stock was trading at $36. We look at why they are compelling and why each could be a fit for a blank-check merger. This means long trips are difficult to manage because we don’t have as many charging stations as we do gasoline stations. It intends to identify and acquire companies through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combinations. In very surprising news, Switchback Energy (SBE.U), the $300 million energy SPAC, underwritten by Goldman Sachs, Citigroup and Credit Suisse, opened today at $9.95. SBE stock has tripled since the merger with ChargePoint was announced. The resulting Chargepoint Holdings appears to be poised to expand and try to cement its lead in setting up charging networks in private homes, apartment complexes and public sites, such as retail store parking lots. Those who bought SBE stock at lower prices should consider taking some profit as the proposed merger with ChargePoint approaches. So, what's the call with SBE stock? Chargepoint Switchback Energy SPAC merger.Hi folks this is just a first pass at analysis. Switchback Energy is a good buy before it closes its SPAC merger with ChargePoint. SBE stock is worth 55% more at $46.86, which is likely to occur once its reverse merger with ChargePoint clos... Switchback Energy Acquisition Corporation does not have significant operations. The recent blue wave makes these cheap stocks look strong and likely to give great returns in the coming year. Weekly Surging SPAC Stock In Focus: Switchback Energy Acquisition (NYSE: SBE) November 20, 2020 Jack Dawkins sbe, spac. Switchback Energy is a SPAC preparing to complete a merger with Chargepoint, a maker and provider of charging stations for electric vehicles in the U.S. and Europe. ChargePoint Stock Business Model. Switchback Energy is at it again with a new SPAC! The post How Much Juice Really Remains in Switchback Ene... SBE stock might be worth a try then. 1125 N. Charles St, Baltimore, MD 21201. (And it is expected to be approved.). Article printed from InvestorPlace Media, https://investorplace.com/2021/01/sbe-stock-switchback-energy-investors-have-choice/. Although ChargePoint will be new to the stock market, the company itself is not brand new. ChargePoint’s focus has been on North America and Europe. There is a possibility that once the merger between Switchback Energy and ChargePoint is completed, Switchback Energy stock will crumble. Switchback Energy/ChargePoint SPAC Already Pricing In 2026 Blue-Sky Scenario Jan. 15, 2021 1:20 PM ET Switchback Energy Acquisition Corporation (SBE) SBEU 23 Comments 6 Likes Aurelien Windenberger With the gains from Switchback's pending merger with ChargePoint priced into SBE stock, it's time to take profits on the name. After trading resumed it was up 27.5% at $13.32. The deal is worth $2.4 billion. All rights reserved. Switchback is sponsored by NGP Switchback, LLC, which is owned by a private investment fund advised by NGP Energy Capital Management, L.L.C. Trading volume was 8.4 times its 10-day moving average. There's nothing wrong with buying shares of particular electric-vehicle companies, but SBE stock offers a unique entry point into this niche. SPACs are notoriously volatile but there are instances where investors who stayed the course were rewarded. Here's why I continue to like SBE stock. Batteries that store power for EVs have distinct limitations. SBE stock could make big moves. In this case Switchback Energy Acquisition is merging with ChargePoint in a $2.4 billion deal. Performance is impressive. Investor enthusiasm for the SPAC had been solid even though the date for the $2.4 billion reverse merger with ChargePoint seemed elusive. Switchback Energy breaks $10.00 on first day of trading. Switchback Energy Acquisition Corp. looks likely to become the next high-flying SPAC in an era where seemingly impulsive investors bid one stock … The diesel roar you hear comes from the generators.). As long as electric-vehicle sales grow, these companies will thrive. Growth in the electric vehicle space bodes well for companies like Switchback Energy. That rally seems like too much — but there is at least a long-term case. Return. They're doing well with their pending Chargepoint merger so I'm hoping this will be another winner. But the details suggest that shares are pricing in a growth rate that might be a tad too ambitious. 2021 InvestorPlace Media, LLC. As a SPAC, Switchback Energy’s days are indeed numbered. Obviously, that’s where ChargePoint comes in. While the entire electric-vehicle market has been red hot in 2020, these four EV stocks have been leading the pack for investors. ChargePoint is a comprehensive player in the industry, as it manufactures and installs the charging systems it operates. The company focuses on investing in businesses and/or assets in the upstream and midstream energy sectors primarily in North America. Investment Products. The combined company will take the name ChargePoint Holding and list on the NYSE. Switchback began trading on the NYSE in July 2019 and its common stock, units and warrants trade under the ticker symbols SBE, SBE.U and SBE.WS, respectively. Switchback Energy (NYSE:SBE) isn’t among that group because it’s initial public offering took place last year, but SBE stock could prove to be one of the SPAC stars of the EV space. Thinking of investing in new companies before they become household names? If you want to trade in stock, please make sure you have the right skills and understand the risk of trading. From the company: “Electric … The post Switchback Energy Is a Prime Way to Play the EV Boom appeare... SBE stock will continue to rise once the merger closes, and we'll see a flurry of reports on ChargePoint as it starts trading on the NYSE. No. Electric vehicle SPAC stocks posted huge gains in the fourth quarter of 2020. The post When and How Switchbank Energy Stock Is a Trad... Switchback Energy will soon become ChargePoint. Switchback II currently trades with the ticker symbol SWBK.U Stock Price: $12.18 USD 0.09 ( 0.74% ) Updated Jan 20, 2021 4:00 PM EST - Market closed Those who bought SBE stock at lower prices are admittedly facing a dilemma. The post Switchback Energy Stock Isn't a Buy-and-Hold, but Consider Trading the S... EV charging station stocks provide investors with a credible backdoor avenue to growth in the electric vehicle industry. Copyright © But wait for a correction before buying SBE stock. Actually, big brains are sitting on companies like Kensington, Hylion, Pivotal, Tortoise, and Spartan Energy. Is the prudent move to sell those shares and capture profit? Copyright © 2021 InvestorPlace Media, LLC. Each SPAC ticker symbol represents a different class of security that is for sale. Along with those … It seems reasonable to assume the deal will close shortly thereafter if the merger is approved. Switchback is sponsored by NGP Switchback, LLC, which is owned by a private investment fund advised by NGP Energy Capital Management, L.L.C. quotes delayed at least 15 minutes, all others at least 20 minutes. If you feel that way, I'd suggest starting small and watching what happens once the reverse merger with ChargePoint completes. The highly anticipated merger between Switchback Energy and ChargePoint will result in some massive gains for the newly formed company in the future. Nasdaq Switchback began trading on the NYSE in July 2019 and its common stock, units and warrants trade under the ticker symbols SBE, SBE.U and SBE.WS, respectively. If you are skeptical about EVs, buy “picks and shovels” investment, SBE stock, and gain access to the largest EV charging station network. Switchback began trading on the NYSE in July 2019 and its common stock, units and warrants trade under the ticker symbols SBE, SBE.U and SBE.WS, respectively. Some might consider a risky play in Switchback Energy Acquisition Company (NYSE:SBE) and shares of SBE stock. Let's hope they acquire another good one! As a SPAC, Switchback Energy’s days are indeed numbered. Prospective closing dates have come and gone. Electric vehicle SPACs have been very prominent throughout 2020. Switchback Energy Acquisition Corp is registered with the U.S. Security and Exchange Commission and incorporated in the state of Delaware. This was the year of the special purpose acquisition company, with many realizing excellent gains. ET, the man who recommended Google before anyone else will reveal his #1 stock pick for 2021 — for FREE — ticker symbol and all — in a special presentation. SWBK.U is gonna be the symbol for this guy. The post 3 Electric Vehicle Charging Station Stocks for 2021 appeared f... SBE stock is taking shape to move quickly higher for short-term traders, but in a market where longevity is increasingly under scrutiny. Switchback quickly rose 11% after the news and was halted. The company operates about 115,000 charging stations that were installed in 14 different countries. Investors thinking about starting a position in SBE stock should consider wait. Now, however, investors have a little bit more clarity on that point. The SPAC’s mentioned on spaclisting.com are not intended to be buy recommendations. (This shouldn’t be a shock since trains have long used electric motors for propulsion. For financial reporting, their fiscal year ends on December 31st. Sometimes it's better to bet on a company like Switchback Energy than it is Tesla or Ford. The merger with ChargePoint is among this year's most anticipated SPAC deals, and you can front-run the bull move with a stake in SBE stock. SBE stock has increased in 2020 due to the popularity of SPACs, but a closer look at the basics of investing suggests to avoid it The post Switchback Energy Is a Risky, Volatile SPAC That Coul... On paper, SBE stock is an excellent play off the burgeoning electric vehicle market. The SPAC merger between Switchback Energy (SBE) and Chargepoint has been confirmed according to a recent filing with the SEC. ChargePoint is not the only company in the charging business. The company will cease to exist once the reverse merger with ChargePoint is completed. On the date of publication, Larry Sullivan did not have (either directly or indirectly) any positions in any of the securities mentioned in this article. SwitchBack Energy stock is electrifying investors with its performance on Wall Street even before it has proven success on Main Street. It will be interesting to see if CHPT stock is consumed by the bubble that has pushed many EV to unrealistic heights. So, too, will the SBE ticker. However, if you believe in our electric future, the stock may reward your patience. Switchback Energy Acquisition Corp is primarely in the business of miscellaneous transportation equipment. ChargePoint is a California-based company that is an international leader in charging stations for electric vehicles. Stocks. "Mad Money" host Jim Cramer offered takeaways on QuantumScape, Switchback Energy Acquisition, Luminar Technologies, Canoo, XL Fleet and Ciig Merger. Here's how investors can play it using SBE stock options. Avoid it if you don't own it. If you acquired the stock when it was cheaper, taking profits now is certainly sensible. Switchback Energy Is a Risky, Volatile SPAC That Could Easily Crumble Jan. 11, 2021 at 11:23 a.m. But Pounce on the Lucid Motors Merger, CCIV Stock: Comparing Lucid Motors to Tesla as ‘Merger Monday’ Hopes Soar, Top SPAC Merger News This Week: Lucid Motors, EVgo, Joby Aviation and 7 More Hot SPACs, 7 Best Penny Stocks to Buy Early Into 2021, How the Internet Sent GameStop Stock Up 1,000% — And Where It’s Going Next. But unlike many speculative EV stocks, ChargePoint has a track record and proven products in use. SPAC News: Playboy Plans to Go Public Again Under Ticker PLBY William White 10/1/2020 Death of Florida doctor after receiving COVID-19 vaccine under investigation There has been plenty of completed SPAC merger news in 2020 as more companies use it to go public and we're looking at the top performers. But diving into the economic details gives a less-than-convincing picture. The company will cease to exist once the reverse merger with ChargePoint is completed. Switchback Energy is a good buy before it closes its SPAC merger with ChargePoint. The company is focused on the energy technology arena targeting industries that require sustainable and innovative solutions to decarbonize in order to meet critical emission reduction objectives. Frankly, taking profit is the only sure move at this point. The post 7 Cheap Stocks to Buy as Democrats Gain Control   appeared first on Inve... Switchback II Corporation's experienced management team is looking for deals in the clean energy space. This price marks a hefty increase from its September 2020 start in the $10 range. CNBC's Jim Cramer and David Faber discuss the latest news in the SPAC market including CIIG Merger Corp, Hennessy Capital, Switchback Energy and others. SBE stock could be worth 10% to 20% more if revenue is higher than forecast. So, too, will the SBE ticker… 22 mins Signature Bank (SBNY) CEO Joseph DePaolo on Q4 2020 Results – Earnings Call Transcript Seeking Alpha 23 mins Alaska Communications Is Taken Private As A Fairly Priced Wireline Operator Seeking Alpha 27 mins Emerging Market Bond ETF (EMBD): Q4 2020 Commentary Seeking Alpha 29 mins REV … It was founded in 2007. Switchback II registered to offer 25 million units at $10 per unit to raise $250 million. If the deal is approved on Feb. 11, observers expect CHPT stock to soon be trading. With a massive network of stations behind ChargePoint, SBE stock has some real promise. The post Ambitious Revenue Guidance Puts Switchbac... ChargePoint seems fully valued, but growth could push it up. The new year’s arrival also means that Switchback Energy, a special purpose acquisition company (or SPAC), is slated to complete a reverse merger with ChargePoint. 1125 N. Charles St, Baltimore, MD 21201. Business-facing software being a fast-growing sector is nothing new. But it’s not all a bed of rose petals. Aways do your own research and due diligence before buying any stocks mentioned on spaclisting. So, too, will the SBE ticker… Whether they live up to the hype remains to be seen. Looking back, SBE stock peaked at around $50, but slipped as officials kept postponing the merger vote. Switchback I went public last year and is now in a pending… News. S&P. ChargePoint is using the special purpose acquisition company (SPAC), Switchback Energy (SBE) for its IPO. From every angle, SBE stock seems like a no-brainer. The post Switchback Energy Investors Have a Choice appeared fi... SBE stock has a strong niche in the EV charging space The post Although SBE Stock Looks Pricey Now, the Long Term Outlook Is Tempting appeared first on InvestorPlace. All rights reserved. In fact, the day’s high so far has only been $9.96. And holding on is best reserved for investors who can stomach the volatility that will surely follow the reverse merger. The volatile stock is currently trading around $41. Switchback II Corp. - Renaissance Capital. But that doesn't make it the end-all be-all of EV charging. The SPAC's merger with electric-vehicle charging station company ChargePoint is coming closer to fruition. ChargePoint Stock allows the retail investor to get onto the Electric vehicle bandwagon. 7 Top Performing SPAC: Company: Switchback Energy/ChargePoint Ticker: (NYSE: SBE) Price: 38.20 Return: 287%. SBE stock began drawing investor interest once the proposed merger with ChargePoint became known. The post Switchback Energy Is Getting Way Ahe... Switchback Energy has a sweet buy-the-dip setup right now. SBE stock is likely to be volatile coming out of its IPO. Holding on is a gamble. But there are still opportunities. It will be replaced by CHPT. No polluting emissions, either. SPACInsider contributor Eric Weidemann this week compiled his three favorite potential SPAC targets among B2B software firms. and the management team of Switchback. Switchback began trading on the NYSE in July 2019 and its common stock, units and warrants trade under the ticker symbols SBE, SBE.U and SBE.WS. The completion of the merger is expected on December 15, 2020. Electric vehicles offer many advantages. The global bubble building around electric vehicle stocks shows no sign of easing as 2021 arrives, which means some protection might be in order. Or, is this one to hold until the stock settles following the merger. The post SBE Stock Is A Power Play In The ... Switchback Energy stock is another EV SPAC play. The post Politics Could Pinch Swtichback, But Long-Term Outlook Is Compelli... SBE is a recently approved SPAC by the SEC, which is essentially representative of Chargepoint, a company specializing in electric vehicle charging points. But the growing complexity of… Primavera Capital Acquisition Corp. (PV.U) Prices Upsized $360M IPO. Founded in 2007, ChargePoint is a category creator … EV charging network ChargePoint announced it would go public on the New York Stock Exchange via a deal with a special-purpose acquisition company (SPAC) called Switchback… ET on InvestorPlace.com Switchback Energy Stock May Be Getting Too Frothy Here He is a former investing editor at U.S. News & World Report in Washington D.C. and began writing for InvestorPlace in 2020. However, investing trends that worked in 2020 may not work again in 2021. But that shouldn't turn investors off due to fears of saturation. In the meantime, investors have decision to make regarding SBE stock. Latest Stock Picks Investing Basics Premium Services. But it is a leader, and the proposed merger with Switchback Energy has put it in the spotlight. Real time Switchback Energy Acquisition Corporation (SBE) stock price quote, stock graph, news & analysis. This Is the SPAC I Am Most Excited About in 2021 Switchback II Corporation's experienced management team is looking for deals in the clean energy space. Jan. 22, 2021, Don’t Buy CCIV Stock Now. The deal is currently expected to be completed in February. On January 19 at 4 p.m. It is overpriced and waiting until CHPT dips makes sense. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. ChargePoint will be an indirect play on electric vehicle stocks, which primarily are manufacturers. Bearish bets against SBE stock are also growing, setting a duel between bulls and bears and a hot trade ahead. Larry Sullivan is a veteran journalist in Florida who has covered banking and finance for several years. Finally, interested investors have a date for shareholders to vote on the proposed reverse merger of Switchback Energy and ChargePoint. To put this is in better context, it’s very rare to have a SPAC break their $10.00 unit price. For more information, please visit www.switchback … Switchback Energy is a SPAC preparing to complete a merger with Chargepoint, a maker and provider of charging stations for electric vehicles in the U.S. and Europe. Investors continue to jump into and out of SPAC shares in the electric-vehicle space. Switchback II Corp., the second blank check company formed by NGP and former RSP Permian executives targeting energy technology, filed on … As a SPAC, Switchback Energy’s days are indeed numbered. What's the play on SBE stock? The oil patch is losing control of the market to companies whose machines harvest energy from the Sun and wind. Charging stations are vital to the long-term EV investment thesis, making SBE stock one of the more compelling SPAC ideas. The post 4 Electric Vehicle Stocks Racing Ahead of the Pack ap... A big merger for this energy sector-focused SPAC is expected to close by the end of the year. Switchback Energy Investors Have a Choice, Louis Navellier and the InvestorPlace Research Staff, A Play on the Biggest Scientific Breakthrough of the Century, What Did the Stock Market Do? Ev SPAC play ChargePoint merger so I 'm hoping this will be new to the hype remains to be coming... Began drawing investor interest once the reverse merger with ChargePoint red hot in 2020 these. But there are instances where investors who stayed the course were rewarded SBE ticker… No is not the company! Not the only company in the... Switchback Energy stock may be Getting Frothy... First day of trading doing well with their pending ChargePoint merger so I 'm hoping this will be an play... On is best reserved for investors CHPT stock is a Power play in the state of Delaware is a... 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