Electrify America’s goal is to promote greater Zero-Emission Vehicle (ZEV) adoption by offering an ultrafast and convenient charging network. SSSS shows the “Fair Value” of that total investment on June 30, 2020 at $30,542,820 or about $5.29 per common share (i.e., a gain of roughly $2.49 per common share or 88.9%). Sutter Rock Capital (SSSS) , https://www.marketwatch.com/press-release/triterras-fintech-reports-5-billion-in-total-transaction-volume-on-its-kratos-platform-in-the-first-six-months-of-fiscal-2020-reaffirms-its-full-year-projections-2020-09-16-8183053, https://www.stockgumshoe.com/2020/10/friday-file-insurance-disruption-flat-rhythm-and-a-falling-par/. As always, CAVEAT EMPTOR! The next year after that IPO, with no real excitement building, the shares dropped down to a valuation of about 0.7X book value (they still held some FB for part of that time, and you might also recall that Facebook had a rough first year as a public company). ChargePoint was founded in 2007 by Richard Lowenthal. “Don’t wait! Thanks!! It means that I could sell now for gains of about 1,800%… or hold out for possible gains of about 2,800% if I’m right about that likely ~$16.50 ceiling on the shares and the options go to $6.50-7 each. And the biggie this time is Palantir, of course, which is one of SuRo’s largest holdings and could be one of the biggest IPOs of recent years… Palantir filed its confidential “draft” S-1 on July 6, a few weeks after Bloomberg reported (on June 11) that they were working with bankers with plans for a Fall IPO, and this is what that did to the SSSS share price…. I haven’t dug further into SuRo in the couple months since then, but unless Palantir rises by a couple hundred percent tomorrow morning — which is possible but, I think, pretty unlikely — then SuRo’s Palantir excitement might have already peaked. That would provide a bit of leverage if the shares surge in excitement following the deal’s completion, but the fact that SPACs are already adored and followed by traders this year means that the warrants are already pricing in some excitement (they’re trading about $4.50 right now, which still gives warrantholders a bit of leverage compared to the common stock, but would mean the stock has to exceed $16 for you to be “in the money” with those warrants — and, as always, in the unlikely event that the deal falls apart, the SPAQ shareholders can still get their redemption price back, lately that’s about $10.30, but the warrants could expire worthless). SPACs in general have historically not had a great track record, but we also haven’t ever seen this kind of surge in SPAC deals, and investors are still giddy over IPOs in general, so maybe the excitement will stay hot for a while. As of 2020, Electrify America prices its electricity in most states where it operators based on the energy dispensed, charged by kilowatt-hour. Electric vehicle charging station company in U.S. United States Environmental Protection Agency, "Reston's Electrify America surpasses 500 EV charging stations nationwide", "VW's Electrify America to install EV chargers at Walmart stores", "VW launches U.S. electric vehicle infrastructure unit", "ELECTRIC VEHICLES: How Volkswagen turned from diesel pariah into electric gorilla", "Driving the 2021 Volkswagen ID 4, VW's first all-electric SUV", "Seamless car charging comes to Electrify America with Plug&Charge - Model Year 2021 EVs from Ford, Lucid, and Porsche will support the new standard", "Electrify America installing 150/350 kW fast chargers at more than 100 Walmart locations", Anhui Jianghuai Automobile Group Holdings, https://en.wikipedia.org/w/index.php?title=Electrify_America&oldid=1000672541, Electric vehicle infrastructure developers, Short description is different from Wikidata, Articles containing potentially dated statements from November 2020, All articles containing potentially dated statements, Creative Commons Attribution-ShareAlike License, This page was last edited on 16 January 2021, at 04:30. That’s roughly twice the valuation SuRo carries on its books for Palantir (SuRo apparently values its Palantir shares at ~$5), so it’s possible for the stock to pop higher still if Palantir goes bonkers tomorrow, but the ~$16 price I was speculating about in July still sounds like the most optimistic price a rational person could hope for… and while there’s possible upside from $13 here, it’s also becoming a high-wire act to some degree, given the tendency of SuRo to drop pretty sharply once the “pre-IPO” story has run its course and investors are able to buy the stock they actually want on their own. He produced a couple thousand Fisker Karmas, a luxury plug-in hybrid, but they only produced for a couple years before first their battery supplier, then Fisker Automotive, itself went bankrupt (or nearly so, I don’t know if Fisker Automotive technically liquidated — but they sold everything other than the Fisker name to a Chinese company). The Electrify America brand was unveiled in January 2017, along with its first phase of station buildout. After completion of the … And that’s a wild card as well, because Palantir’s value as a private company has dropped some over the past few years but has actually been pretty stable (at least in SuRo’s estimation) over the past year. They can pay for electricity through the phone apps or with a credit card at the chargers. The world doesn’t offer 100% certainty in anything. Valuations for the company over the past five years have fluctuated widely, from $20 billion in 2015 to less than half of that in some recent transactions, and fund manager Bailie Gifford, for example, disclosed that their stake in Palantir had lost about 3.5% a year from 2014-2020. The first one, the “next Tesla,” is teased thus: “And that recently sent Tesla Motors (NASDAQ: TSLA) shares to a record high of $498. In SuRo’s books, the Palantir investment was valued at $30.5 million as of March 31, a hair lower than the $31.6 million they estimated on December 31 and up slightly from $30.1 million a year ago. In August, SuRo did report that their NAV had risen to $11.84, with that Palantir position still valued by them at $30.5 million. Electrify America will establish ZEV Investment Plans for two additional 30-month cycles to guide investments from 2022 through 2026. I’ll let Travis go further with more comments, should he choose to do so. Barron’s covered this one on Friday, nothing that the shares are expected to open at $10, giving Palantir an opening valuation of $22 billion, roughly 16X their revenue. You have been a godsend! Electrify America operates an electric vehicle DC fast charging network in the United States, with more than 500 charging locations and over 2,200 individual charging units as of November 2020. So yes, it’s sort of like buying Fisker “pre-IPO” if you buy Spartan Energy Acquisition — but it’s not a secret, SPACs are well-followed now and everyone knows Fisker is coming back to the public markets through that merger. Scary!! In some states, users are charged by the amount of time their vehicle is plugged in. Disclosure: of the companies mentioned above, I own call options on Slack and Twitter. Electrify America sets initial prices, adds location map to website By Jeff Nisewanger on May 2, 2018 • ( 2). What's being teased in the webinar ads for his, Checking into Ian Wyatt's latest "urgent briefing" teaser pitch. We use cookies on this site to enhance your user experience. Is it worthwhile? It is a subsidiary of Volkswagen Group of America, established in 2016 by the automaker as part of its … Any ideas as to how to buy preIPOs with less money? This makes Fisker's charging capabilities competitive with Tesla . I have looked at using equityzen.com for pre-IPO companies because the buy in is a lot less, but I have not pulled the trigger yet. What's being teased for Wyatt's upcoming "webinar" pick? In contrast, SpaceX's New Zealand competitor Rocket Lab hasn't said it will IPO, ... Electrify America's 350-kilowatt DC Fast chargers can give the Air up to 300 miles of range in just 20 … Fisker said the business agreement creates a company valued at $2.9 billion and the IPO share price will be $10. Travis, I think you’re spot on with SSSS. Originated as a "real money" $100,000 portfolio (called "Wyatt's 100K Portfolio" at the time), mostly focused on "steady and reliable" ideas that generate income through dividends. Good to see Ian Wyatt’s (or any other “hotshot” newsletter/investment promoter’s) name in the headline. Electrify America offers the most public fast charging stations in the U.S., plus home and commercial products. This will fuel today’s EVs, as well as the rapid growth in EV … Electrify America Announces Plans for Ultra-Fast Electric Vehicle Charging at Westfield Shopping Centers. ... All Oceans will charge seamlessly at Electrify America charging stations. Direct listing and began trading. Electrify America is investing $2 billion through 2027 to build out a nationwide electric charging network. Henrik Fisker is a bit of a showman, though not quite in the Elon Musk mold… and his overpromising might have even made Elon blush from 2010-2013 or so, which would give me ample reason to be cautious about this one, but I haven’t looked at it very closely in recent years. I’ve written about a bunch of “pre-IPO” investments in the past, but Ian Wyatt has probably been more relentless than anyone else in promoting this idea of “buying in before it’s public” … particularly when it comes to the hot “brand names” that excite investors. In 2015, the United States Environmental Protection Agency accused Volkswagen Group of using defeat devices in its diesel-fueled vehicles in order to hide from regulators that the vehicles exceeded emissions standards. I’m sure he’ll drop more hints in the “webinar” tomorrow, but those sessions always feel like the timeshare sales presentations you get sucked into at vacation resorts — so we’ll just jump the line a bit and tell you what I’m pretty sure he’s pitching here: This is very likely to be Fisker that he’s talking about, a name that will be familiar to folks who follow the auto industry. Palantir is the “big data” company that controversially (to some) does a lot of work for the government — they’ve been rumored as the next hot IPO for four or five years now, but have finally filed to come public this fall, and that does have people a little excited. If the value of Palantir jumps by 50% going into the IPO, which would be ridiculous (ridiculous happens every day now, so who knows), then that would likely boost SuRo’s book value by another 10% or so, perhaps getting it back above $200 million and over $13 in NAV per share. Ian Wyatt is at it again even more aggressively. What's being teased by Ian Wyatt as a back door into the year's hottest IPO (so far)? So we’ll look into both of those quickly for you. They’re taking reservations for that one now, and say they’ll be delivering this car, with an intro price similar to a low-end Tesla, in 2022. Does either sound exciting to you? By Travis Johnson, Stock Gumshoe, September 28, 2020. Fisker’s “Investors” page is essentially the press release about the SPAC merger, and it sounds like the money from the SPAC and from the additional private financing they’re going at the same time, a total of about a billion dollars, will go to funding initial development of the Ocean… which is being outsourced to Magna International (MGA, MG.TO), the big Canadian auto parts company. Let us know with a comment below. As part of a consent decree reached with United States officials in 2016, Volkswagen agreed to numerous actions, with $2 billion in total, to promote electric vehicle use over 10 years to atone for the additional air pollution it caused. Potential spin-offs into a SPAC or IPO may include: Electrify America – Formed out of the Volkswagen America dieselgate settlement with the US government, the fast-growing DC fast charging … The Electrify America mobile app[8] lets users pay through their phone and receive discounted rates with an Electrify America Pass+ subscription. [9], The chargers support 50kW, 150kW, or 350kW.[10][11]. It also could benefit from the brand’s partnership with Electrify America, which might include some complimentary charging for customers. However, I am the investment guru of my family and friends. With a design similar to the handsome Range Rover Evoque, the 2022 Fisker Ocean could prove a compelling entry among the burgeoning EV SUV segment.”. I have used my Corona time at home to become more educated about investing, so my investment knowledge is rudimentary and spotty. Care to share if you have any updates? Hi Travis, The Californian Vehicle-to-Grid (V2G) specialist Nuvve has announced its intention to go public through a merger with the investment company Newborn Acquisition. Be a part of our team It's an exciting time to be working in the electric vehicle industry, and it's just the beginning. They depend a lot more on general volume of automobile demand, so the recessionary worries are more of an issue for Magna than is Fisker… not particularly interested in owning either at this point, but I do at least like Magna a lot more than Fisker. ChargePoint operates a network of over 110,000 electric vehicle charging … Learn about our pricing. As Electrify America … The first 120 Walmart sites with Electrify America chargers are located across 34 U.S. states. Ian Wyatt pitches "Freedom Drillers" after the Iran news.... Can you really buy into a South Texas oil producer before it goes public? Scheduled for a global debut soon, the 2021 ID.4 electric SUV is … Think they might be more appealing at some future date if the excitement cools? And what’s the other deal, the one where Wyatt says you can buy into Palantir “pre-IPO?”. Whether or not that’s worth $4 billion, you’ll have to decide… auto startups are really tough, and, as we’ve seen with Tesla, they don’t generally make money for a very long time — so if the CEO isn’t able to light a fire under investors and keep the excitement level (and trust) eleveated, there’s every chance it could be the next Delorean or Tucker. Real-time information on initial public offerings (IPO's) by MarketWatch. 'S being teased in the webinar ads for his electrify america ipo Checking into Ian Wyatt teases that Walmart. Investing, so my investment knowledge is rudimentary and spotty companies who do not offer individual financial investment. Old Man, I also encountered Fisker Automotive and IPO performance seems to have real. Go in with some additional fundraising, but it didn ’ t be to. Then, to buy preIPOs with less money electrify america ipo proprietary Tesla Supercharger network, require a special that... 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