CarCharging Group, Inc. (CCGI) rose a whopping 22.73% to close at $1.35, even as Crude prices showed signs of easing off at the $1.10 levels. So, what\u2019s driving CarCharging? That\u2019s a question that ought to be on the minds of every investor and speculator.<\/p>\n
For starters, electric cars, hybrids, and carbon credits have become fashion statements over the past decade, with many auto manufacturers unveiling their lines of EVs and hybrids. It is no real secret, however, that they\u2019re doing it for the carbon credits more than with the objective of offering any real value. Well, that was until CarCharging Group came around, put its hands up, and offered to build the infrastructure themselves.<\/p>\n
CarCharging Group Inc. has set up over a thousand charging stations and is pursuing an electrifyingly aggressive plan to provide more and more charging hubs in apartment complexes, offices, and parking lots. They also have a partner program that can cause EV charging hubs and CarCharging to grow a whole lot faster than it has in the past year.<\/p>\n
CCGI is not at its highest \u2013 not even close. But is it a case for a good rally? That\u2019s the question that needs answering. The stock that was trading well over $10 last year has hit $1 and has fluttered thereabouts for the past week, down a good 7% by the end of the trading week.<\/p>\n
The debt-to-equity ratio is quite low \u2013 but looking at their revenues and their net loss, they’ve ended up with $2,605 as revenue.<\/p>\n
The company is\u00a0only 3 years old and just now setting up shop, but a few things come to mind:<\/p>\n
With rising fuel prices, rising taxes, and falling pay checks, the temptation of going green even with an investment still sounds a little hard to resist. Therefore, the prospect of CCGI muscling its way into the green is not exactly impossible \u2013 the key points to watch out for are any further corrections in the stock and possible policy changes on electric vehicles.<\/p>\n","protected":false},"excerpt":{"rendered":"
CarCharging Group, Inc. (CCGI) rose a whopping 22.73% to close at $1.35, even as Crude prices showed signs of easing off at the $1.10 levels. […]<\/p>\n","protected":false},"author":3,"featured_media":41701,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[44],"stock_ticker":[],"class_list":["post-161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-small-cap-stock-news","tag-ccgi","entry"],"acf":[],"yoast_head":"\n