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Orion Announces Installation of 90 EV Charging Stations in Contracts Valued at $6.5 Million For Boston Public Schools
Globenewswire· 2025-08-05 12:29
Core Insights - Orion Energy Systems, Inc. has announced the installation of 90 EV charging stations in the Boston Public School system, with contracts valued at $6.5 million [1][3][4] Group 1: Project Details - The recent deployment includes 51 DC fast charging stations at the Freeport Bus Yard and Paris Street facility, utilizing an innovative above-ground mounting method [2][3] - This initiative is part of Boston Public Schools' plan to electrify 100% of its 750 school buses, marking the largest school-bus electrification initiative in the Northeastern United States [3][4] Group 2: Company Positioning - Orion/Voltrek is experiencing increased demand for its turnkey solutions in EV charging, infrastructure, and maintenance, highlighting its reliability and scalability in meeting fleet electrification needs [5][6] - The company has a diverse portfolio of electrification engagements, including multiple-location deployments in municipalities and electric van charging capabilities in school districts [4][5]
EVGO or CHPT: Which Stock is the Better Pick Post Q4 Results?
ZACKS· 2025-03-07 15:50
Industry Overview - The electric vehicle (EV) charging infrastructure market is rapidly expanding globally, with China leading at over 3.2 million public charge points, followed by Europe with over 900,000, and the United States with approximately 206,000 public charging ports [1][2][3] - The U.S. is set to add more than 11,500 EV charging ports through the Bipartisan Infrastructure Law, aiming for a total of 500,000 publicly available EV chargers by 2030 [2] Company Analysis: EVgo - EVgo has seen a 35% year-over-year revenue growth in Q4 2024, driven by increased charging sessions, with a network throughput of 84 gigawatt-hours compared to 50 gigawatt-hours in the previous year [5] - The company has expanded its operational stalls from 2,980 to 4,080 and added over 133,000 accounts in the quarter [5] - A joint development agreement with Delta Electronics aims to enhance charger reliability and cost efficiency, potentially boosting EVgo's prospects [6] - Despite growth, EVgo remains unprofitable with a negative adjusted EBITDA and is vulnerable to shifts in federal policy due to its reliance on NEVI funding [8] Company Analysis: ChargePoint - ChargePoint has reduced its non-GAAP operating expenses by 42% and reported a 14% year-over-year growth in subscription revenues, reaching $38 million in Q4 [10] - The company operates 342,000 managed charging ports, benefiting from increasing EV adoption, and is not reliant on NEVI funding, providing insulation from federal policy changes [10] - ChargePoint's collaboration with General Motors aims to install hundreds of ultra-fast charging ports across the U.S. by 2025, enhancing its growth prospects [11] - The company has introduced innovative solutions to combat EV charger vandalism, which are expected to strengthen its market position [12] Financial Performance - In the trailing 12 months, EVgo shares have decreased by 9.8%, while ChargePoint shares have dropped by 64.2%, compared to a 6.1% decline in the Zacks Auto, Tires and Trucks sector [14] - EVgo's forward price/sales ratio is 1.94x, while ChargePoint's is 0.64x, indicating that both stocks are not considered cheap [16] - The Zacks Consensus Estimate for EVgo's 2025 loss is 55 cents per share, while ChargePoint's fiscal 2026 loss estimate is 19 cents per share [20][21] Investment Outlook - EVgo's high valuation is not justified given its risky growth prospects and dependence on federal policies, leading to a Zacks Rank 3 (Hold) [22] - ChargePoint, with its cost-cutting measures, growing revenues, and strong partnerships, presents a more stable investment opportunity, carrying a Zacks Rank 2 (Buy) [23]
AI-Powered EV Revolution: Why NVDA & CHPT are Smart Buys Now
ZACKS· 2025-03-03 14:10
Core Insights - The electric vehicle (EV) sector is rapidly evolving, with artificial intelligence (AI) and emerging technologies playing a significant role in transforming autonomous driving and energy efficiency, making it a promising investment opportunity [1] NVIDIA - NVIDIA is leading the autonomous driving market with its DRIVE Hyperion platform, providing essential AI compute power for self-driving technologies in collaboration with major automakers like Tesla, Mercedes-Benz, and Volvo [2] - The company's AI solutions enhance EV battery optimization through real-time energy management, improving battery longevity and vehicle efficiency [3] - NVIDIA's comprehensive AI computing strategy positions it for long-term growth in the automotive AI market, which is experiencing exponential growth due to increasing reliance on AI technologies [3][4] ChargePoint - ChargePoint operates one of the largest EV charging networks in North America and Europe, reporting over 329,000 managed charging ports, a 20% year-over-year increase in Q3 fiscal 2025 [5] - The company utilizes AI to improve charging station reliability and efficiency, with recent solutions resolving nearly 50% of reported station issues [6] - ChargePoint benefits from supportive government policies and partnerships, positioning it for sustained revenue growth despite short-term macroeconomic challenges [7][8] Investment Opportunities - Both NVIDIA and ChargePoint are well-positioned to capitalize on the AI-EV megatrend, with NVIDIA focusing on AI-driven vehicle intelligence and ChargePoint enhancing EV adoption through its expanding charging network [9][10]