Charge Enterprises Stock Fair Value Calculator – Charge Enterprises and Eaton Join Forces to Accelerate Electric Vehicle Charging Infrastructure Expansion
April 2, 2023
Trending News ☀️
Charge Enterprises ($NASDAQ:CRGE), a leading electric vehicle (EV) charging solutions provider, has recently announced its partnership with Eaton, a global power management company, to accelerate the deployment of EV charging infrastructure. This collaboration will help Charge Enterprises to expand its solution offerings and allow Eaton to accelerate its EV charging infrastructure initiatives. The partnership brings together Eaton’s expertise in power management, electrical systems, and software development with Charge Enterprises’ industry-leading EV charging solutions. Together, they will be able to provide EV drivers with access to charging infrastructure that is secure, reliable, and cost-effective. The goal is to create a comprehensive charging solution that integrates hardware, software, and data management for both residential and commercial applications.
The partnership will also enable both companies to capitalize on their respective knowledge and experience to develop new products and services that optimize energy efficiency and reduce the cost of EV charging infrastructure. This will make it easier for consumers and businesses to access the technology needed to transition away from traditional fossil fuels and make the switch to electric vehicles. As one of the leading EV charging solutions providers in the world, the company has established itself as a major player in the sector and is continually innovating to create new solutions for EV drivers. The partnership with Eaton will provide Charge Enterprises with additional resources to help it continue to expand its presence in the EV industry.
Stock Price
This news caused CHARGE ENTERPRISES stock to open at $1.2 and close at $1.2, making a 3.4% increase from the previous closing price of 1.2. The two companies are joining forces to develop and deploy products and services that will make charging more accessible for EV owners for both residential and commercial applications. The partnership will combine CHARGE ENTERPRISES’ expertise in EV infrastructure development and Eaton’s expertise in power management and power delivery systems. Through this collaboration, they hope to provide customers with an end-to-end charging solution that caters to their specific needs.
CHARGE ENTERPRISES and Eaton have ambitious plans for the future and intend to continue driving the adoption of electric vehicles by leveraging the collective strength of their technologies and engineering capabilities. This partnership is an important step in accelerating the growth of EV infrastructure, which will make electric vehicles more accessible to a wider range of customers and support the continued shift to a green future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Charge Enterprises. More…
| Total Revenues | Net Income | Net Margin |
| 697.83 | -68.39 | -7.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Charge Enterprises. More…
| Operations | Investing | Financing |
| -11.37 | -2.01 | 22.99 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Charge Enterprises. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 168.45 | 127.63 | 0.2 |
Key Ratios Snapshot
Some of the financial key ratios for Charge Enterprises are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -2.6% |
| FCF Margin | ROE | ROA |
| -1.7% | -26.2% | -6.7% |
Analysis – Charge Enterprises Stock Fair Value Calculator
At GoodWhale, we have conducted an analysis of CHARGE ENTERPRISES‘s financials to determine the fair value of their stock. After careful consideration of their numbers, our proprietary Valuation Line determined that the fair value of CHARGE ENTERPRISES share is around $3.4. However, at the current market price of $1.2, CHARGE ENTERPRISES is undervalued by a whopping 65.2%. This presents an excellent opportunity for investors who are looking to buy into this company. We highly recommend CHARGE ENTERPRISES as an excellent stock to add to any portfolio. More…
Peers
The Company is engaged in the business of providing technology and marketing solutions for the electric vehicle industry. Charge Enterprises Inc has a strategic alliance with Ascentech KK, Quest Co Ltd, and Ntegrator International Ltd.
– Ascentech KK ($TSE:3565)
Ascentech KK is a Japanese company with a market cap of 6.79B as of 2022. The company has a return on equity of 17.08%. Ascentech KK is involved in the manufacturing of semiconductor devices and other electronic components.
– Quest Co Ltd ($TSE:2332)
Since its establishment in 2001, Quest has been a leading provider of end-to-end enterprise software solutions. The company has a market cap of 6.02B as of 2022 and a ROE of 11.79%. Quest provides a comprehensive suite of solutions that helps organizations automate their business processes, improve their operational efficiency, and optimize their customer experience. The company’s products and services are used by more than 10,000 customers in over 100 countries.
Summary
Charge Enterprises recently announced a partnership with Eaton to support the deployment of electric vehicle charging infrastructure. This is an important move for Charge Enterprises, as it allows them to benefit from Eaton’s experience in power management and more closely align with the growing demand for electric vehicles. Investing in Charge Enterprises stock directly prior to this announcement could have seen investors reap some reward, as the stock price moved up slightly the same day.
Moving forward, investors should watch for how this partnership leads to new opportunities for Charge Enterprises as well as any other partnerships they develop with electric vehicle and power infrastructure companies. This could be a sign of further stock movements, both positive and negative.
