UPDATE: Roth Capital Starts SPAC Switchback Energy Acquisition (SBE) at Buy

February 5, 2021 8:01 AM EST
Get Alerts SBE Hot Sheet
Price: $30.83 --0%

Rating Summary:
    2 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 19 | Down: 18 | New: 47
Trade Now! 
Join SI Premium – FREE
(Updated - February 5, 2021 8:19 AM EST)

Roth Capital analyst Craig Irwin initiates coverage on SPAC Switchback Energy Acquisition (NYSE: SBE) with a Buy rating and a price target of $46.00.

The analyst commented, "Initiating coverage on Switchback Energy Acquisition Corp. (SBE), acquirer of ChargePoint (CHPT, pending) at Buy with a $46 target. ChargePoint's 73% share in networked Level 2 EV charging stations is a good indictor, in our view, the company should remain a long-term leader in the rapidly expanding EV charging infrastructure market. Emergence of EV fleets and an organic growth opportunity in Europe both supplement the outlook. We note EV market expansion consistent with consensus forecasts could support material long-term upside."

For an analyst ratings summary and ratings history on Switchback Energy Acquisition click here. For more ratings news on Switchback Energy Acquisition click here.

Shares of Switchback Energy Acquisition closed at $40.80 yesterday.

You May Also Be Interested In

Related Categories

Analyst Comments, New Coverage, SPAC

Related Entities

Roth Capital, Definitive Agreement