FINSUM + Magnifi: These Tech Stocks are Too Cheap Because of the SPAC Plunge
April 27, 2021
The market has been hard on special purpose acquisition companies (SPACs) as prices have fallen dramatically across the board. However, some technology companies caught up in the crossfire are trading too cheap. EV charging companies have sound fundamentals yet despite this they are trading 43% less than their annual highs. Meanwhile, the Biden administration is writing a two trillion dollar infrastructure plan with over $300 billion in EV incentives. EV stations are growing and will be a major part of the ‘pump landscape’ by 2030. Four stocks in the EV market trading at the discount are ChargePoint Holdings, EVgo, Volta, and box.
