The second Stock Bits video! Thank you to Matt Freeman for the recommendation last time around. Today we're taking a bit sized look at an innovator in the electric vehicle space, ChargePoint.

ChargePoint is the largest level 2 networked charging station provider with more than 70% of the market. The company manufactures level 2 charging devices for electric vehicles, provides the software necessary to run them, and sells maintenance plans to those that own the stations.

It's a simple business at heart, but it also happens to be right in the middle of a booming sector. The electric vehicle space is expected to grow massively over the coming decades and ChargePoint are in a prime position to capitalize.

With only 3% of vehicles on the road today electric, there's a lot of room to grow. Expectations are that 30% of vehicles in 2030 will be electric, and those cars will need some place to charge while out of the house. ChargePoint, with a significant lead in the space could be just the platform to help fill that gap.

******************************************************************************
Checkout Stooge.io for easier investment research
Find me on Twitter:   / ashjanderson  
Analyst Score Portfolio: https://public.com/ashjanderson
******************************************************************************
Note that this is not an offer to buy or sell securities and the information presented in this video is for entertainment purposes only. Please do your own due diligence before investing.