ChargePoint Stock Won’t Necessarily Get a Boost From the Infrastructure Bill
ChargePoint Stock Won’t Necessarily Get a Boost From the Infrastructure Bill
Electric vehicle infrastructure company ChargePoint Holdings (NYSE:CHPT) stock may not get the boost from the $1 trillion infrastructure legislation that people seem to expect.
电动汽车基础设施公司ChargePoint Holdings纽约证券交易所代码：CHPT)股市可能不会像人们预期的那样，从1万亿美元的基础设施立法中获得提振。
Source: Michael Vi / Shutterstock.com
消息来源：Michael Vi/Shutterstock.com
CHPT stock could certainly use a spark right now.
CHPT股票现在当然可以擦出火花。
The company’s share price has fallen 38% so far this year, including a 6% decline over the last month.
该公司股价今年迄今已下跌38%，包括上个月下跌6%。
It trades today just above $21 a share, well below its 52-week high of just under $50. The shares have struggled since the company went public on February 26 of this year via a reverse merger with special purpose acquisition company (SPAC) Switchback Energy Acquisition Corp.
该股今天的交易价格略高于每股21美元，远低于略低于50美元的52周高点。自今年2月26日该公司通过与特殊目的收购公司(SPAC)Switchback Energy Acquisition Corp.进行反向合并上市以来，该公司股价一直举步维艰。
Shareholders are hoping for a reversal of fortune with ChargePoint now that the U.S. Senate has officially passed the $1 trillion infrastructure bill that aims to bolster the American economy coming out of the public health crisis.
股东们希望ChargePoint能扭转命运，因为美国参议院已经正式通过了一项1万亿美元的基础设施法案，该法案旨在支持美国经济走出公共卫生危机。
Infrastructure Funding and CHPT Stock
基础设施资金和CHPT股票
The infrastructure deal allocates $7.5 billion to fund President Joe Biden’s plan to build half a million electric vehicle charging stations across the country.
这项基础设施交易将拨出75亿美元，为美国总统拜登在全国各地建设50万个电动汽车充电站的计划提供资金。
Biden has said that a consistent and reliable network of electric vehicle charging stations is critical to the mass adoption of battery-powered cars, trucks and SUVs and a move away from gasoline-fueled vehicles.
拜登曾表示，一致可靠的电动汽车充电站网络对于大规模采用电池驱动的轿车、卡车和SUV以及摆脱汽油车至关重要。
Currently, about 80% of electric vehicle charging is done in people’s homes. But as automotive manufacturers extend the range of battery-powered vehicles, there is a need for a national network of charging stations.
目前，约80%的电动汽车充电是在人们家中进行的。但随着汽车制造商扩大电池驱动汽车的使用范围，有必要建立一个全国性的充电站网络。
Industry experts say that electric vehicle charging stations need to become as widespread as gas stations in order for electric vehicles to take off as intended. Right now, the U.S. and most other countries have a patchwork of public charging stations that is not very effective.
业内专家表示，电动汽车充电站需要像加油站一样普及，才能让电动汽车如期起飞。目前，美国和大多数其他国家的公共充电站拼凑在一起，效率不是很高。
For example, Tesla (NASDAQ:TSLA) has developed its own network of charging stations that today number around 2,700 locations. At the same time, Volkswagen (ETR:VOW3) subsidiary “Electrify America” has 647 fast-charging stations across the U.S., and it aims to double that number by 2025.
However, a more coordinated approach and a higher level of investment in electric vehicle charging stations is needed. AlixPartners estimates that $50 billion will be needed to build out a charging network in the U.S. alone to accommodate the expected growth of electric vehicles by 2030.
然而，电动汽车充电站需要更协调的方法和更高水平的投资。AlixPartners估计，仅在美国就需要500亿美元来建设充电网络，以适应到2030年电动汽车的预期增长。
Currently, there are about 41,400 electric vehicle charging stations in the U.S., according to the Department of Energy. But again, the majority are situated in people’s homes and fewer than 5,000 are fast chargers. That compares with more than 136,400 gas stations across the U.S.
根据能源部的数据，目前美国大约有41,400个电动汽车充电站。但同样，大多数充电器位于人们的家中，只有不到5000个快速充电器。相比之下，全美有超过136,400个加油站。
President Biden had lobbied to include $15 billion in the infrastructure bill to fund electric vehicle charging stations but ended up with only half that amount.
拜登总统曾游说将150亿美元纳入基础设施法案，为电动汽车充电站提供资金，但最终只拿到了一半。
Biden also hoped to create an “Infrastructure Financing Authority” through the infrastructure bill, but that proposal ended up being removed during horse-trading between Republican and Democratic lawmakers.
拜登还希望通过基础设施法案创建一个“基础设施融资管理局”，但在共和党和民主党议员的讨价还价中，这一提议最终被取消。
In the end, the bipartisan deal that was approved by the Senate contained about $20 billion less for public transportation and electric vehicles then the White House originally proposed.
最终，参议院批准的这项两党协议包含的公共交通和电动汽车支出比白宫最初提议的少了约200亿美元。
On the Right Track
在正确的轨道上
While more investment in charging stations and other electric vehicle infrastructure is needed, industry observers say the new funding out of Washington, D.C. is a step in the right direction and more than had been previously allocated.
虽然需要在充电站和其他电动汽车基础设施上进行更多投资，但行业观察人士表示，来自华盛顿特区的新资金是朝着正确方向迈出的一步，而且比之前分配的资金更多。
ChargePoint is sure to benefit from the new funding. With a total of 132,000 charging ports situated throughout North America and Europe. The California-based company is the global leader in electric vehicle charging stations.
ChargePoint肯定会从新的资金中受益。在北美和欧洲共有132,000个充电口。这家总部位于加州的公司是电动汽车充电站领域的全球领先者。
ChargePoint is not yet profitable, which is weighing on its share price. The company reported a loss of $0.17 on revenue of $40.5 million in the first quarter of this year.
ChargePoint尚未盈利，这令其股价承压。该公司公布今年第一季营收为4,050万美元，亏损0.17美元。
However, ChargePoint’s networked charging revenue grew 36% to $26.8 million in the quarter due to rising demand from commercial and residential customers. The company said it added more new customers in the quarter through March 31 than in any previous quarter.
不过，由于商业和住宅客户需求上升，ChargePoint当季联网充电营收增长36%至2,680万美元。该公司表示，在截至3月31日的季度里，增加的新客户比前一季度都多。
However, ChargePoint downwardly revised its 37% revenue growth forecast for its current fiscal year ending January 31, 2022, to 37% from 46% previously, which caused institutional investors to sell off the stock.
然而，ChargePoint将截至2022年1月31日的当前财年37%的营收增长预期从之前的46%下调至37%，这导致机构投资者抛售该股。
A secondary offering of an additional 12 million shares priced at $23.50 each also appears to have scared away many investors and pushed CHPT stock down further. ChargePoint now has a market capitalization of just under $8 billion and is valued at approximately 38.7 times this year’s expected sales.
增发1200万股股票，每股定价23.5美元，似乎也吓跑了许多投资者，推动CHPT股价进一步下跌。ChargePoint目前市值略低于80亿美元，估值约为今年预期销售额的38.7倍。
Wait To Invest in CHPT
等待投资CHPT
The market opportunity for ChargePoint is huge. The company forecasts that the electric vehicle charging market will be worth $60 billion by 2030 and $192 billion by 2040.
ChargePoint的市场机会是巨大的。该公司预测，到2030年，电动汽车充电市场的价值将达到600亿美元，到2040年将达到1920亿美元。
Cowen has pegged ChargePoint’s total addressable market at $27 billion by 2040, making it the investment bank’s “top pick” for electric vehicle charging stocks. However, while the future appears bright for ChargePoint, the company continues to face some significant obstacles on its road to growth and profitability.
考恩预计，到2040年，ChargePoint的潜在市场总额将达到270亿美元，使其成为投资银行电动汽车充电股的“首选”。然而，尽管ChargePoint的前景看似光明，但该公司在实现增长和盈利的道路上仍面临一些重大障碍。
As such, investors should wait to purchase CHPT stock until the market for electric vehicle charging stations and the infrastructure needed to support it evolves and matures.
因此，投资者应该等到电动汽车充电站市场和支持它所需的基础设施发展成熟后再购买CHPT股票。
Disclosure: On the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
披露： 在出版之日，乔尔·巴格洛(Joel Baglole)没有(直接或间接)持有本文所述证券的任何头寸。本文表达的观点是作者的观点，以InvestorPlace.com为准出版指南.
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