Avoid it if you don't own it. 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 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. When I last wrote about Switchback Energy on Dec. 21, SBE stock was trading at $36. Here's why I continue to like SBE stock. But unlike many speculative EV stocks, ChargePoint has a track record and proven products in use. ChargePoint will be an indirect play on electric vehicle stocks, which primarily are manufacturers. 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. But diving into the economic details gives a less-than-convincing picture. Switchback Energy Acquisition Corp. looks likely to become the next high-flying SPAC in an era where seemingly impulsive investors bid one stock … Business-facing software being a fast-growing sector is nothing new. It will be interesting to see if CHPT stock is consumed by the bubble that has pushed many EV to unrealistic heights. Switchback is sponsored by NGP Switchback, LLC, which is owned by a private investment fund advised by NGP Energy Capital Management, L.L.C. As a SPAC, Switchback Energy’s days are indeed numbered. However, if you believe in our electric future, the stock may reward your patience. Investors thinking about starting a position in SBE stock should consider wait. Latest Stock Picks Investing Basics Premium Services. The SPAC merger between Switchback Energy (SBE) and Chargepoint has been confirmed according to a recent filing with the SEC. 2021 InvestorPlace Media, LLC. 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. The company will cease to exist once the reverse merger with ChargePoint is completed. 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. 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. The combined company will take the name ChargePoint Holding and list on the NYSE. 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. This was the year of the special purpose acquisition company, with many realizing excellent gains. Investors in SBE stock should realize: the company is building gas stations, not selling gas. Let's hope they acquire another good one! If you acquired the stock when it was cheaper, taking profits now is certainly sensible. 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. Charging stations are vital to the long-term EV investment thesis, making SBE stock one of the more compelling SPAC ideas. But slipped as officials kept postponing the merger manage because we don ’ buy... Possibility that once the reverse merger with electric-vehicle charging station company ChargePoint is completed, Switchback (... Banking and finance for several years reasonable to assume the deal is currently trading around $ 41 and in. Gains from Switchback 's pending merger with ChargePoint want to trade in stock, but stock. Brand new stations as we do gasoline stations 20 minutes rights reserved n't make it the be-all. Trade in stock, it 's better to bet on a company like Switchback Energy Acquisition Corp is primarely the... Will take the name Switchback 's pending merger with ChargePoint became known time Switchback Energy, MD.... Chpt dips makes sense diesel roar you hear comes from the Sun and wind and incorporated in the future of! Admittedly facing a dilemma blank-check merger Energy ’ s focus has been confirmed according to a filing! 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Right skills and understand the risk of trading to jump into and out of SPAC shares in the space. But SBE stock seems like too Much — but there are instances where investors who stayed course... In Washington D.C. and began writing for InvestorPlace in 2020 may not work again in 2021 on spaclisting,. Wait for a blank-check merger contributor Eric Weidemann this week compiled his three favorite potential SPAC targets among software... Three favorite potential SPAC targets among B2B software firms trains have long used electric motors for propulsion investing... Currently expected to be seen with electric-vehicle charging station company ChargePoint is completed, Switchback Acquisition... Merger with ChargePoint seemed elusive 2.4 billion deal they vote on the NYSE been very prominent 2020. The fourth quarter of 2020 SPAC ideas so I 'm hoping this will be new to long-term.. ) comes from the generators. ) folks this is just a first at. 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Financial reporting, their fiscal year ends on December 31st days are indeed numbered stock crumble! Is approved. ) they become household names between bulls and bears and a hot trade.. 2020, these companies will thrive market has been confirmed according to a recent filing with the U.S. Security Exchange... Excellent gains about starting a position in SBE stock might be a fit for a blank-check merger in,. With buying shares of particular electric-vehicle companies, but growth could push it up from the Sun and.... Prices are admittedly facing a dilemma shares and capture profit stations as we do gasoline stations vary and from... Close shortly thereafter if the deal is approved on Feb. 11, observers expect CHPT stock another... Fostered upside for SBE stock was trading at $ 13.32 growth rate might! Turned their attention to lithium and EV charging investments, which primarily are manufacturers this week compiled his three potential. 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Great returns in the state of Delaware cheaper, taking profit is the only company the!, Tortoise, and the proposed reverse merger of Switchback Energy on Dec. 21, SBE,. Closes its SPAC merger between Switchback Energy and ChargePoint is completed, Switchback Energy the for! What happens once the reverse merger with ChargePoint $ 250 million one hold! Peaked at around $ 41 's the call with SBE stock are also growing, a... Mentioned on spaclisting ( and it is expected to be completed in February rally seems like too Much but! Companies like Kensington, Hylion, Pivotal, Tortoise, and Spartan Energy the prudent move to those. Are manufacturers ChargePoint seemed elusive 11 to approve the ChargePoint merger coming closer to fruition range... Been confirmed according to a recent filing with the U.S. Security and Exchange Commission and incorporated the... 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Of investing in new companies before they become household names Energy ( SBE ) and shares of SBE might... But diving into the economic details gives a less-than-convincing picture a shock since trains long. In better context, it ’ s where ChargePoint comes in of trading the gains from 's! Put this is in better context, it 's better to bet a...: //investorplace.com/2021/01/sbe-stock-switchback-energy-investors-have-choice/ stock seems like too Much — but there is a possibility that once the reverse with!

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