Is Volta Stock a Buy?
There are more than 100 thousand publicly accessible electric vehicle (EV) chargers in the U.S. Yet the country lags China and Europe in terms of charging infrastructure. The number of public EV chargers in China is roughly eight times that of in the U.S. There is clearly immense potential for the development of public charging infrastructure in the U.S. to boost EV growth.
Lots of EV charging companies are hoping to benefit from this potential growth. Volta (NYSE: VLTA), which went public in August, is one such company. Let's take a closer look at its recent performance and long-term growth prospects.
Volta has more than 2,000 charging ports installed in the U.S. at more than 800 station locations. In terms of number of chargers, the company's network is much smaller compared to ChargePoint (NYSE: CHPT) or Blink Charging (NASDAQ: BLNK).
Source Fool.com
