SBE Merger with ChargePoint

With the all the EV momentum SBE / ChargePoint is expected to rise. For those who don’t know ChargePoint operates one of the oldest and largest electric-vehicle charging networks. It has 73% market share of North American Level 2 charging networks, which utilize 240-volt power. Its closest competitor has a mere 10% market share. ChargePoint also operates in 16 European markets. It is likely to boom especially under Biden, as he has plans for building 500,000 electric vehicle charging stations on U.S. highways.

Sources: Merger with ChargePoint: https://www.fool.com/investing/2020/11/17/why-switchback-energy-acquisition-jumped-11-today/

Plan for 500,000 charge stations: https://www.nbcnews.com/business/autos/what-biden-means-auto-industry-dirty-jobs-clean-air-n1247727

*Edit.. Position: Holding Shares long under SBE at 16, then Covered Calls after the boost.

*Edit Merger Date was pushed back from December 15th 2020 to January 15th 2021. The January date could be pushed back again.