

The author suggested that most drivers will not need ChargePoint’s chargers because they already have their own chargers in their homes. InvestorPlace - Stock Market News, Stock Advice & Trading Tipsħ Internet of Things Stocks to Buy to Profit From the Exploding IoT TrendĬandidly, I think that Stone Fox is drastically underestimating the magnitude of several factors that, taken together, could potentially increase ChargePoint’s growth and margins. CHPT stock closed yesterday at $32.98 a share. Writing on June 8 on Seeking Alpha, Stone Fox Capital, noted that ChargePoint’s first-quarter gross margin was a “putrid” 23%, contending that, “The biggest concern” about the shares is the margin story wrapped in the growth opportunity.” According to the author, the shares “are far too expensive” at this point, when the price was $29.50 a share. Specifically, competition from large automakers which appears to be on the rise. This article is by Plug&Drive, a division of Gibbons Engineering Group and a UK-based provider and installer of charge points for electric vehicles.But I think that another issue should worry the owners of CHPT stock. Get your business ahead of the game by installing EV charge points today. It’s more than likely that EV ownership will continue to increase over the coming years. Fuuse also offers static load balancing, which provides further assistance with distributing the electrical supply. Fuuse can control all aspects of your charge points, with a user-friendly interface. If you plan to take payment for the use of your charge points, having a charge point management system, such as Fuuse, can simplify the payment process for both you and the users. It is advised to select charge points with dynamic load balancing when installing multiple at one location. Dynamic load balancing monitors power loads on your circuit, distributing electricity in a way that allows multiple outlets to run simultaneously without overloading the circuit. Consider charge points with dynamic load balancingĬharging multiple EVs at once can put a large amount of strain on the electrical supply. Depending on your business, you may be able to ask regular customers similar questions to determine whether it is worth installing charge points for their use also. You could also ask whether employees would be happy to pay for EV charging. Ask questions like “do you drive an EV?”, “are you considering an EV in the future?” and “would you charge your vehicle at work if you had the opportunity?”. Create a survey for potential usersĬreating a short survey for your employees can help you determine how many charge points you should install.

Have your premises surveyed by an electrician to get a clearer idea of the scope of the job.
CHARGE POINT COMPETITORS INSTALL
If you plan to install multiple charge points, knowing how many your electricity supply can viably handle is also good to know. The further your charge points are from the main electrical supply, the more underground wiring is required, which is more time-consuming and costly, so this can be handy to know in advance. Taking all of the above considerations into account, here are some tips for any employers who are planning to instal EV charge points: Get the area surveyed by an electrician Tips for installing workplace charge points You may choose to install a few extra to accommodate customers and visitors if you do not see enough daily foot traffic to install dedicated customer charge points. You may wish to have the exact number of charge points for the number of staff with EVs, or you may have slightly fewer. The exact number of charge points that you choose to install will depend on the number of EVs that are likely to use them on a daily basis. If you have frequent customers who stay on the premises for long periods of time, they could also appreciate charging opportunities if they drive an EV. If you have employees that drive EVs, they are likely to appreciate the opportunity to charge their vehicles whilst at work.

Who will use the charge points and how many do you need?Ĭompany charge points are likely to be used by employees, customers and visitors. You should also be confident that you can renew your lease without any issues, otherwise you’ll have to pay further fees down the line in order to relocate the charge points to your new location. If the space is rented, you must gain permission from the landlord in order to install charge points. The first consideration to take here is whether you own or rent the car park space. Most commonly, charge points will be installed within a car park. Where will the charge points be installed?
