SBE - > Chargepoint time soonWe have seen the bottom with the hammer from yesterday and RSI looks oversold right before merge vote tomorrow, February 25.
We are bullish
Charge
Switchback Energy Acquisition can go even lower?Switchback plans to close on its merger with ChargePoint in early 2021.
ChargePoint is rapidly growing its charging station network in the U.S. and expanding in Europe.
It expects sales of its charging ports to grow by seven times through 2026.
But investors drove shares up beyond what is reasonable.
Even after today's drop, the combined company would be valued at over $9 billion, triple what the equity value was predicted to be when the transaction was announced. (source: fool.com)
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