These are Buy-rated stocks, with plenty of upside potential – and they’ve both gotten recent approval from the Wall Street analysts. Using the TipRanks platform, we’ve pinpointed two such companies. We can get a taste of the opportunity here by looking at some of those pure-play charging companies. This is mainly a function of investors’ desire to buy into a growing market early. While the market is still young, and most of these companies are generating very little in the way of a revenue stream or profits, they’ve still been valued high in recent months. The pure-plays will deserve a second look from investors. This will include the big automakers, and the smaller EV companies, who are all working on charge points that can sold with their cars, but will also include a host of pure-play EV charging companies. A nationwide public charging net work will bring with it a host of jobs in manufacturing, distribution, maintenance – all in all, it will be a boon for companies involved in the EV charging market. According to estimates from the US Energy Department, reaching that goal by 2030 will require annual installations exceeding 11,000 charging stations. That growth will come from a combination of private and public support EV charging networks found a place in President Biden’s recent Infrastructure Bill, which set aside $7.5 billion to fund the build-out of 500,000 public charging stations, a goal that will form a coast-to-coast network. It’s estimated that it will hit $25.5 billion by 2027. The charging market is no small potatoes. And it’s a fact that leads us directly to the EV charging market. They may get the headlines, and Tesla may have boomed into a trillion-dollar company, but no EV will go anywhere if it can’t be recharged. But the electric car market isn’t just about cars.
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