In one bold stroke, Car Charging Group (OTCQB:CCGI.OB) has become the largest independently owned and operated provider of EV charging services. By purchasing bankrupt ECOtality's (ECTY) Blink Network assets, it now has more than 13,430 charging points installed in 35 states and three countries. For a company that previously had only about 1,100 charging points under its control, this is a massive increase. Despite the challenges that come with the deal, Car Charging has put itself and its investors in a much better position for the future. To better understand the details of the deal, we examine the impact on Car Charging from a balance sheet perspective.
Assets: An Enviable Deal
With CEO and...
Only subscribers can access this article, which is part of the PRO research library covering 3,741 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: