In the middle of last year, CHPT expanded its presence in Europe by announcing an acquisition of "has In contrast, ChargePoint has non-US markets contributing 15% of its top line for the most recent fiscal year. Secondly, EVGO is a pure US play, while CHPT is relatively more geographically diversified.ĮVgo earned all of its fiscal 2021 revenue from the US, and its DC fast charging network is the biggest in its home market according to its 10-K. In its 10-K, ChargePoint emphasized that it "does not sell charging system hardware (networked charging systems revenue) without its software (subscriptions revenue), and rarely owns and operates networked charging system assets." In comparison, EVGO noted in its FY 2021 (YE December) 10-K filing that it "owns and operates a public direct current ('DC') fast charging network in the United States." There are two key differences between EVgo and ChargePoint.įirstly, EVGO is an owner-operator of EV charging stations, while CHPT is a provider and seller of EV charging equipment.Īccording to ChargePoint's FY 2022 (YE January 31) 10-K filing, CHPT derived 72% of its most recent full-year revenue from networked charging systems, with the remaining 22% and 6% of its top line generated from subscriptions and other revenue, respectively. What Is The Difference Between EVgo And ChargePoint? In addition, CHPT boasts a lower forward five-year Enterprise Value-to-Revenue valuation multiple vis-a-vis EVGO. In my opinion, ChargePoint is superior to EVgo with respect to the larger size of its revenue base, relatively lower capital intensity, and a more diversified geographic exposure. ( NYSE: CHPT), I think that the latter, CHPT, is the better buy. Дмитрий Ларичев/iStock via Getty Images Elevator Pitchīetween the two EV (Electric Vehicle) infrastructure companies, EVgo, Inc.
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