So I've been looking at the EV charging space lately and there's actually some interesting plays here if you're thinking long-term.

The thing is, everyone talks about electric vehicles taking over but nobody seems to focus on the actual problem - we barely have charging infrastructure. I mean, the Biden administration got billions in funding for charging stations and only got like seven functioning chargers operational. It's wild. But this gap is exactly why certain companies in this space could absolutely explode once the government actually gets serious about it.

Let me break down three I've been watching:

First up is EVgo. The stock got beaten down to like $1.65 at one point but bounced to $2.50 before pulling back. Right now it's sitting around $2.11 which still feels cheap to me. Their Q1 numbers were actually solid - beat earnings estimates and revenue was up over 118% year-over-year. They added about 109k new customer accounts in that quarter alone. The company says they're targeting adjusted EBITDA breakeven in 2025. Analysts seem bullish on them too, noting they're well-positioned as the auto industry electrifies. Once charging infrastructure actually becomes a priority, this could run.

Then there's Blink Charging. Found support around $2.20 and rallied to $3.52, now consolidating around $3.24. They just got picked as an official EV charging provider for New York which is huge - opens up state and municipal fleet contracts. Their earnings also beat - revenue up 73% year-over-year. They're targeting positive adjusted EBITDA by the end of the year. Analysts have a $5 price target on it.

Lastly, ChargePoint at around $1.80. This one's interesting because their subscription revenue is growing at 27% year-over-year. Revenue was $107 million and they beat estimates. The stock's been defended by analysts with a $3 price target and buy ratings. They're expecting some margin improvement in the second half too.

The real catalyst for all three of these is infrastructure buildout. Once that actually happens at scale, you're probably looking at significant upside. The market's basically pricing in continued stagnation on the charging side, but that can't last forever if EV adoption keeps accelerating. Worth keeping on your radar if you're thinking about the energy transition space.