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ChargePoint Is an “Infra Bill” Investment You Can’t Afford to Ignore

When you start to hear buzz words, you know there’s something interesting going on. Lately, traders on Wall Street have been talking about electric…

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This article was originally published by Investor Place

When you start to hear buzz words, you know there’s something interesting going on. Lately, traders on Wall Street have been talking about electric vehicle (EV) charging equipment companies like ChargePoint (NYSE:CHPT) as the “infra” (infrastructure) bill is in the headlines. So, is it time to consider a position in CHPT stock?

Source: YuniqueB / Shutterstock.com

To me at least, “infra bill” is more than just a catch phrase. It’s a phenomenon that’s bound to change U.S. policy towards clean energy for years, and maybe even the rest of the 2020’s.

It’s pretty rare, nowadays for both chambers of Congress and President Joseph Biden to agree on anything. Yet, somehow, they pulled their act together long enough to pass a bill with far-reaching implications.

These implications will touch the economy and the ecology of the U.S. and, perhaps, the rest of the world. At the same time, they’ll likely have an impact on ChargePoint’s bottom line, but in a good way.

A Closer Look at CHPT Stock

When we check on the recent history of CHPT stock, it’s clear that the stock is still reasonably priced.

Consider that the 52-week range of the ChargePoint share price is between $17.60 and $49.48.

Furthermore, during the summer of 2021, the stock pushed above the key resistance level of $35.

In other words, CHPT stock has plenty of room to move up. As of mid-November, the share price was in the $20’s.

If you’d rather be patient and wait for a further pullback, that could be a viable strategy. $20 would be as good a buy target as any.

This year, CHPT stock touched $20 in March, April, May and October. Each and every time, it bounced from there (though not always immediately).

Thus, it’s not a bad idea to set your buy price and just let the stock come down when it’s ready. You can’t rush the process, and as they say, the waiting’s the hardest part.

A Momentous Occasion

It was a long time coming, and it finally happened.

Valued at more than $1 trillion, the well-documented infrastructure bill was recently signed into law by the U.S. President.

Not every part of the bill is directly relevant to ChargePoint. For example, $47 billion will be set aside for climate resiliency.

That’s still pertinent to the clean-energy movement in general, though, so CHPT stock holders can still applaud this provision.

$73 billion for the electricity grid, to include upgrades to U.S. power systems which will help the grid carry renewable energy, among other things

Another $21 billion will be allocated for environmental projects, primarily related to cleaning up pollution/waste.

Again, we can discern a definitive push for clean-energy policy here.

Here’s Where ChargePoint Gets Charged Up

So far, so good. However, I saved the best part for last.

Here’s where it gets really interesting for CHPT stock investors. According to the provisions of the “infra bill,” $7.5 billion will be spent on electric vehicles.

This includes increasing the availability of charging stations across the U.S., in advancement of Biden’s pledge to build 500,000 stations nationwide.

If that doesn’t get you charged up, I don’t know what else would.

This is all happening during a turning point in the history of EV’s. Reportedly, auto companies aim to increase their EV production 5- or 10-fold by the middle of the next decade.

With the passage of the infrastructure bill into law, investors now have confirmation that the government supports the build-out of a nationwide network of EV charging stations.

And that, without a doubt, is terrific news for ChargePoint and the company’s stakeholders.

The Bottom Line

“Infra bill” is a phrase you might hear a lot for the remainder of 2021.

However, you don’t need to get caught up in buzz words. There are serious issues being addressed here.

Besides, CHPT stock is still fairly cheap.

Therefore, don’t miss out an a buying opportunity as the government is finally passing legislation that could have a positive impact, including benefits for ChargePoint investors.

On the date of publication, David Moadel 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.

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Author: David Moadel

Energy & Critical Metals

Trading with Focus – We’re kicking off our corporate plays with a nickel/cobalt IPO

First we gave you live-streaming ASX data, so that you could bridge the gap between you and the pros from … Read More
The post Trading with Focus –…

First we gave you live-streaming ASX data, so that you could bridge the gap between you and the pros from that ’70s style click-to-refresh slideshow, or that delayed crap that you normally use, to try and trade shares with, in the same market as the pros, who all live-stream.

And made it all available on mobile, because you need to go to the toilet sometime.

We gave you high-level technical charts, so you could try and see patterns within patterns like some sort of gypsy-nerd.

We gave you $5 trades, or 0.02%. On HIN. With a high-yielding and secure Macq CMA, because we haven’t had a big pooled trust go bankrupt for a few years running, and you’ll be pissy when it happens again.

We connected Sharesight to help sooth your sometimes volatile relationship with the tax-man.

We gave you access to the NSX, so you could help Australia have its own NASDAQ.

We got you some free research and advice from some of the best in the business – Marcus Today – so you could have a virtual ‘stockbroker in your pocket’ – but one that you could trust, because they aren’t profiting from brokerage on turnover.

All for $45 a month.

But we’re not finished.

We should have all the Chi-X ETFs in play this week, and have it fully blended into the ASX depth early next year (as an option), and if you’re lucky you’ll be able to nominate which market to put your orders in, or even the centrepoint. And multi-screen/multi-chart function should be an early Xmas present.

So we are crushing all the online players, now what about the full-service stockbrokers? What can they possibly offer (that we would need to get for you) to fill out this veritable treasure trove of everything that is ‘serious investing’…?

Of course – access to capital raisings and IPOs!

I was going to pitch ANZ Bank to help them with their capital needs, but after they sold Etrade to CMC for pennies on the pound I thought they might be a bit a bit touchy about it being devalued (by us, probably). And we figured that anyone can access a big bank capital raise; they literally advertise them in newspapers.

So we thought our first one should be ‘boutique’. Hard to get. And we’re from Perth, so it had to be mining. And, let’s face it, it had to be ‘battery metals’.

So, we humbly present, to you, the serious active investors.

Those who presumably know what you’re doing. Who are not getting caught up in the hype and spin of the buy/sell button brigade’s race-to-the-bottom, in price and quality.

The first capital raising via an IPO that our clients can directly participate in and get priority to, through Marketech.

Yes, you better believe it! We are a ‘Joint Lead Manager‘ with Blue Ocean Equities on an Australian Nickel Cobalt play. Rubbin’ shoulders on Day 1 with Sydney corporate royalty!

I’m not here to hype it up, that is certainly not my job. But the fact remains, Nico is the spin-out of the Wingellina nickel cobalt deposit from Metals X (MLX.ASX) and it is amongst the biggest nickel cobalt deposits in Australia.

Here’s an old slide from the Metals X days, comparing Australian undeveloped nickel deposits by volume and grade. Don’t take too much from it as it’s old and doesn’t give you the whole story – just that it’s big.

The prospectus lays out the facts and figures, and you can read more about the project on the internet. If you want some then I certainly wish you the best luck in the world, and if your broker can’t get it for you, well… we might be able to do you a solid. As its our job to provide ‘spread’.

But you’ll need to be quick.

You’ll need to have opened a HIN with us and a Macquarie account and have cash in it and a subscription to Marketech Focus within a couple of weeks, or before we fill our allocation. And we don’t control the pace at which Macquarie opens bank accounts; in this new world, filled with money launderers and terrorism-funders…

You can follow the trail here to a better, more professional share trading experience:

https://www.nicoresources.com.au/

What I am going to do is explain a few things about this stuff.

We get paid a fee for helping them. Which seems cool, except none of us are paid on commission (so as far as I’m concerned it’s more work for the same amount of money). Like everything we do we’re doing this because we want to give you a trading platform like the pros have, and access to capital raises is a part of that. But you don’t pay the fee, the company does, and it covers costs like staffing and settlement and helps us to fund more features for you!

When listing on the ASX, you need to have what is called ‘market spread’. That means you can’t just have 3 shareholders controlling the distribution and price of the stock as that is called a cartel, not a fair market.

A listing company needs to have a few hundred shareholders with more than a couple of grand’s worth each, so that market forces can determine a fair price. And having it in your name, your super fund, the cat – these all get counted as ‘one’. So we have 300 lots of a minimum $2000 as a priority for our subscribers.

New listings and capital raises aren’t free money. You still have to think a bit deeper than ‘nickel’s so hot right now’…

We’ll have more raises coming our clients’ way, but they don’t get automatic access to all of them. ‘Sophisticated Investors’ are generally thought of as being wealthy enough to take a few hits, so only they can access the really fruity ones for the companies that don’t have time to build a full prospectus.

The theory with a full prospectus is that it’s supposed to have all the info that you need to get up to speed, but they are very expensive and time consuming, so if a company needs money right now they just tap the rich dudes that have bulk cash or bulk income.

It still doesn’t mean it’s free money. It might just mean that they can make a decision with less information, and, in the eyes of financial law, can take the loss and shrug it off.

When you apply, you’re entering a very similar contract to the one that you enter when you buy shares. You have to pay up even if nickel falls out of bed, or you’re breaking a contract.

We get an allocation to distribute, but the company raising the dough ultimately decides who gets it.

Lastly, a super fund isn’t automatically a sophisticated investor, but a sophisticated investor can have a super fund.

Anyways, that was the news for this week – big news, we believe, and now I just need to get Elon on the phone and see if he wants a few.

At Marketech our platform is about technology, providing you the tools and technology to trade.  We encourage our high-function trading platform to get you live pricing, live charts, live market depth to ensure you have the tools and trading capability at your fingertips, and on your mobile phone or PC.

You trade your own stock on your individual HIN. It is your cash in your own Macquarie account where you keep the competitive interest you earn.

Our subscribers get access to brokerage starting at $5, and then 0.02 per cent for trades over $25k.  If you want to trade the market, you need immediate access wherever you are and the seamless Marketech mobile app means you are live anywhere anytime. 

Marketech Focus subscribers also get 2-months free access to the ‘Marcus Today’ newsletter to help you with your investing and trading goals. 

Go to www.marketech.com.au to set up a free trial – you will be astounded by the simplicity and tools that this technology gives you.  No spin, just low-cost trading and the tools that give you advantage over hype.

This article was developed in collaboration with Marketech Online Trading Pty Ltd (ACN 654 674 432), an Authorised Representative (1293528) of Sanlam Private Wealth Pty Ltd (AFSL 337927), and a Stockhead advertiser at the time of publishing.

All information and material contained herein is general in nature and does not consider your financial situation, investment needs or objectives.
The information does not constitute personal financial advice, nor a recommendation or opinion that a security or service is appropriate for you.
You should seek independent and professional tax and financial advice before making any decision based on this information.

Any documents linked or referred to in this article were not selected, modified or otherwise controlled by Stockhead. Stockhead has not provided, endorsed or otherwise assumed responsibility for any financial product advice contained in the documents linked or referred to in this article.

The post Trading with Focus – We’re kicking off our corporate plays with a nickel/cobalt IPO appeared first on Stockhead.





Author: Marketech Focus

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Energy & Critical Metals

CanAlaska Stakes Three New Uranium Properties in Athabasca Basin

74,283 Hectares with multiple targets near existing uranium depositsVancouver, British Columbia–(Newsfile Corp. – November 25, 2021) – CanAlaska Uranium…

74,283 Hectares with multiple targets near existing uranium deposits

Vancouver, British Columbia–(Newsfile Corp. – November 25, 2021) – [nxtlink id="268893"]CanAlaska Uranium Ltd.[/nxtlink] (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) (“CanAlaska” or the “Company”) is pleased to announce that compilation work by the Company’s staff has identified uranium potential in three areas of the western Athabasca Basin and a total of 74,283 hectares have been staked (Figure 1).

Cannot view this image? Visit: https://www.nxtmine.com/wp-content/uploads/2021/11/1902e1ad604ed2543baf4872cf9b9dc5.jpg

Figure 1

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2864/105077_b2df486d14fc0863_001full.jpg

The Chymko project (32,603ha) is adjacent to the Virgin River shear zone and a series of potential shear structures have been identified; a uranium showing is adjacent to one of these structures. The Taggart project (28,328ha) is on trend with the Patterson corridor, which host the Triple R and Arrow deposits with combined reported resources of 472M lbs U3O8. The Carswell project (13,352ha) is located in proximity to the Shea Creek and Cluff Lake deposits with total combined resources and production of 135M lbs U3O8. A major conductive structure has been identified on this property.

Work will continue to identify key targets on each project in preparation for future exploration programs.

CanAlaska CEO, Cory Belyk, comments, “The addition of these three large project areas in the vicinity of world-class uranium deposits and districts in the Athabasca Basin is another example of CanAlaska successfully deploying its project generator model. We look forward to working with new joint venture partners to move these projects forward.”

Other News

The Company has very recently completed drilling on its West McArthur Joint Venture Project in the 42 Zone discovery area, a joint venture with [nxtlink id="268558"]Cameco Corporation[/nxtlink]. The Company is awaiting results from 433 assay samples and 793 short-wave infrared (SWIR) samples submitted for analysis. The Company’s other joint venture partner, [nxtlink id="268570"]Denison Mines[/nxtlink], has just completed drilling on the Moon Lake South project.

About CanAlaska Uranium

[nxtlink id="268893"]CanAlaska Uranium Ltd.[/nxtlink] ([nxtlink id="268893"]TSXV: CVV[/nxtlink]) (OTCQB: CVVUF) (FSE: DH7N) holds interests in approximately 300,000 hectares (750,000 acres), in Canada’s Athabasca Basin – the “Saudi Arabia of Uranium.” CanAlaska’s strategic holdings have attracted major international mining companies. CanAlaska is currently working with Cameco and Denison at two of the Company’s properties in the Eastern Athabasca Basin. CanAlaska is a project generator positioned for discovery success in the world’s richest uranium district. The Company also holds properties prospective for nickel, copper, gold and diamonds. For further information visit www.canalaska.com.

The qualified technical person for this news release is Dr. Karl Schimann, Ph.D., P.Geo., CanAlaska’s Senior Exploration Consultant.

On behalf of the Board of Directors
“Peter Dasler”
Peter Dasler, M.Sc., P.Geo.
President
[nxtlink id="268893"]CanAlaska Uranium Ltd.[/nxtlink]

Contacts:

Cory Belyk, Executive VP and CEO
Tel: +1.604.688.3211 x 306
Email: [email protected]

Peter Dasler, President
Tel: +1.604.688.3211 x 138
Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/105077




[nxtlink id="268558"]cameco corporation[/nxtlink]

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Energy & Critical Metals

Frontier Lithium To Raise $10 Million In Bought Deal Flow Through Financing

The lithium sector continues to see demand from investor dollars, with Frontier Lithium (TSXV: FL) being the latest recipient. The
The post Frontier Lithium…

The lithium sector continues to see demand from investor dollars, with Frontier Lithium (TSXV: FL) being the latest recipient. The company last night announced it would be conducting a flow through financing on a bought deal basis.

Lead by Canaccord Genuity and BMO Capital Markets, the financing will see a total of $10.0 million raised by the company in an offering priced at $1.86 per flow through share. A total of 5.4 million shares are to be sold under the offering, with no warrant included in the financing.

Further, an over-allotment option has been granted which could see the sale of an additional 1.1 million units of the company.

Proceeds from the company are to be used for eligible exploration expenses within Canada at the firms PAK Lithium Project in Ontario.

The offering is currently slated to close December 15, 2021.

Frontier Lithium last traded at $1.52 on the TSX Venture.


Information for this briefing was found via Sedar and Frontier Lithium. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

The post Frontier Lithium To Raise $10 Million In Bought Deal Flow Through Financing appeared first on the deep dive.




Author: Jay Lutz

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