Switchback Energy (NYSE:SBE) isn’t among that group because it’s initial public offering took place last year, but SBE stock could prove to be one of the SPAC stars of the EV space. Each unit consists of one share of common stock and one-fifth of … In this case the new company is ChargePoint. © 2021, Nasdaq, Inc. All Rights Reserved. Rings the Nasdaq Stock Market Virtual Bell in Celebration of its IPO, Petco Health and Wellness Company, Inc. The company plans to focus on the energy technology arena, specifically targeting industries that require sustainable and innovative solutions to decarbonize in order to meet critical emission reduction objectives. The stock … Some analysts see that forecast as conservative given the massive, new infrastructure that will be needed to make electric-vehicle charging stations ubiquitous across the U.S. and around the world. ” ] PROPOSED BUSINESS COMBINATION: Chargepoint, Inc. And there is every indication that the shares will rise further once ChargePoint’s SPAC deal is completed in the next few weeks. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. In September 2020, Switchback Energy announced a deal to merge with electric vehicle charging network operator ChargePoint. node.dataset.value : node.getAttribute('data-value'); if (selectedValue) { for (var j = 0; j < node.options.length; j++) { if(node.options[j].value === selectedValue) { node.options[j].selected = 'selected';break;}}}}}, Nasdaq Boardvantage Board Portal Software, Renaissance International ETF (symbol: IPOS), Do Not Sell My Personal Information (CA Residents Only). The Dallas, TX-based company plans to raise $250 million by offering 25 million units at $10. 11 Things to Know About the GameStop Drama >>>, Buy Switchback Stock Before ChargePoint’s SPAC Deal Closes, Louis Navellier and the InvestorPlace Research Staff, A Play on the Biggest Scientific Breakthrough of the Century, What Did the Stock Market Do? The company builds and operates the charging stations and related infrastructure that are desperately needed to increase electric-vehicle adoption around the world. The Dallas, TX-based company plans to raise $250 million by offering 25 million units at $10. I’ve been skeptical about many of the SPAC IPOs that have been announced this year. Create your Watchlist to save your favorite quotes on Nasdaq.com. Copyright © 2021 InvestorPlace Media, LLC. All rights reserved. It’s totally appropriate to call Switchback Energy stock frothy when it has no revenues yet and a $1.8 billion market cap. And the company is now rolling out its charging-station infrastructure in 16 European countries. Switchback Energy Stock Goes Parabolic. McNeill previously served as the CFO of RSP Permian, through its acquisition by Concho Resources, and Mutrie most recently served as VP and General Counsel of RSP. Switchback II currently trades with the ticker symbol SWBK.U Stock Price: $12.18 USD 0.09 ( 0.74% ) Updated Jan 20, 2021 4:00 PM EST - Market closed At just over $37, the share price of Switchback Energy is up about 280% in 2020. And, based on everything ChargePoint has working in its favor, it is a safe bet that the company’s stock will rise further throughout 2021 as the global economy rebounds and the green revolution in the U.S. takes off under the administration of president-elect Joe Biden. 2021 InvestorPlace Media, LLC. Copy and paste multiple symbols separated by commas. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Jul 26, 2019 INTEL by Kristi Marvin Switchback Energy breaks $10.00 on first day of trading. The article Energy technology SPAC Switchback II Corp. files for a $250 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO), Renaissance International ETF (symbol: IPOS), or separately managed institutional accounts may have investments in securities of companies mentioned. In anticipation of the deal closing by the end of December, the shares of SBE stock rose 154% in November and added a further 8% gain in the first week of December. As the tag implies, these companies are shells created to merge with a firm wanting to go public. This is a company that, in its merger presentation, estimated … @/i, failureMessage: "A valid email address is required", negate: "true"});var dom2 = document.querySelector('#form1783 #field2');var field2 = new LiveValidation(dom2, {validMessage: "", onlyOnBlur: false, wait: 300});field2.add(Validate.Presence, {failureMessage:"This field is required"});var dom5 = document.querySelector('#form1783 #field5');var field5 = new LiveValidation(dom5, {validMessage: "", onlyOnBlur: false, wait: 300});field5.add(Validate.Custom, {against: function(value) {return !value.match(/(telnet|ftp|https?):\/\/(?:[a-z0-9][a-z0-9-]{0,61}[a-z0-9]\.|[a-z0-9]\. )+)$)/i, failureMessage: "A valid email address is required"});field1.add(Validate.Format, {pattern: /\.\.|\. You never know what you’re gonna get.” The second is “Once Upon a Time in Am Switchback II Corporation has filed to go public with an IPO on the New York Stock Exchange (NYSE). The company filed confidentially on November 2, 2020. In addition to benefiting from  burgeoning demand in the electric-vehicle market, ChargePoint is also forming smart partnerships with leading companies and brands. Type a symbol or company name. Switchback plans to close on its merger with ChargePoint in early 2021, and investors have been driving up shares of the SPAC in anticipation. About SWBK Switchback II is a blank check company newly incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more … Switchback II Corp., the second blank check company formed by NGP and former RSP Permian executives targeting energy technology, raised $275 million by … The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Renaissance Capital is the global leader in providing pre-IPO institutional research and management of IPO-focused investment products. 1125 N. Charles St, Baltimore, MD 21201. The combined company will take the name ChargePoint Holding and list on the NYSE. For investors, that adds up to big growth. Switchback II Corp., the second blank check company formed by NGP and former RSP Permian executives targeting energy technology, filed on Friday with the SEC to raise up to $250 million in an initial public offering. It currently operates the largest network of independently owned electric-vehicle-charging stations in the world. ChargePoint Stock allows the retail investor to get onto the Electric vehicle bandwagon. Switchback I went public last year and is now in a pending… Switchback Energy Acquisition Corporation is a SPAC that does not have significant operations. Retail investors who buy SBE stock now will likely look back and be pleased that they nabbed the shares while they were trading under $40. Additional info below. In this case Switchback Energy Acquisition is merging with ChargePoint in a $2.4 billion deal. SI vous êtes fan de la Switch, vous allez adorer notre page dédiée à la Nintento Switch. Copyright © ChargePoint to Become A Public Company, Advancing EV Charging Network’s Reach Across North America and Europe. And ChargePoint has forecast that its 2019 revenue of $145 million will swell to more than $2 billion by 2026. The pair's previous SPAC, Switchback Energy Acquisition (SBE), went public in July 2019 and is currently pending a combination with electric vehicle charging network ChargePoint. The post Switchback Energy Stock Is a Credible Addi... InvestorPlace - 4 weeks ago While electric-vehicle stocks seem to be “a dime a dozen” these days, ChargePoint is different. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. The California-based company sells charging-station hardware and also has recurring software and service revenue. ChargePoint is expected to be valued at $2.4 billion when it begins trading on the New York Stock Exchange in late December. )+[a-z]{2,63}/i);}, failureMessage: "Value must not contain any URL's"});field5.add(Validate.Presence, {failureMessage:"This field is required"});field5.add(Validate.Length, {tooShortMessage:"Invalid length for field value", tooLongMessage: "Invalid length for field value", minimum: 4, maximum: 4});function handleFormSubmit(ele) { var submitButton = ele.querySelector('input[type=submit]'); var spinner = document.createElement('span'); spinner.setAttribute('class', 'loader'); submitButton.setAttribute('disabled', true); submitButton.style.cursor = 'wait'; submitButton.parentNode.appendChild(spinner); return true; }function resetSubmitButton(e){ var submitButtons = e.target.form.getElementsByClassName('submit-button'); for(var i=0;i