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  • In California, Car Charging Group Charges Ahead While NRG Energy Stumbles [View article]
    @vman: Thank you for making my point about the incoherence of your comments. Regarding Zacks ads, automation is precisely the problem. Search for any random symbol on Seeking Alpha and see how often the same exact ad comes up suggesting you should sell that symbol -- just as it does when viewing an article about CCGI. Your suggestion that auto manufacturers are backing away from EVs is simply false. Finally, two questions regarding your integrity:

    1) Please tell the readers the logic behind suggesting that EVs are on the decline while you yourself hold shares of CCGI.

    2) Referencing the exact line-item in Seeking Alpha's Comment Guidelines, please explain to readers exactly why your first comment on this article was apparently deleted by Seeking Alpha.
    Jun 23, 2014. 02:15 AM | 2 Likes Like |Link to Comment
  • In California, Car Charging Group Charges Ahead While NRG Energy Stumbles [View article]
    On a well-to-wheels basis, yes, the EV fleet is not pollution-free but several unbiased studies have found that EVs are less polluting than gas-powered cars. The U.S. grid is cleaner than one might think. There are a host of variables that must be taken into consideration, such as the fact that most EV charging occurs overnight during off-peak energy production hours. Well-to-wheels emissions is a much more complex subject than EV detractors wish it to be. Please see one of our earlier Seeking Alpha articles, entited "Power Surge: Will the EV Revolution Overwhelm the Grid?" for a more detailed discussion of this topic.
    Jun 22, 2014. 11:51 AM | 2 Likes Like |Link to Comment
  • In California, Car Charging Group Charges Ahead While NRG Energy Stumbles [View article]
    That comment was not directed at you, it was directed at vman for a comment that tried to incoherently bring the war in Iraq into the conversation. Sorry for the confusion. Your comments are appreciated.

    As for the ads, they are automated and will appear alongside any ticker you search for on Seeking Alpha. They give the same advice about every stock, hoping that readers will panic and subscribe. Who would subscribe if the ads said "You're holding a great stock! There's nothing better you could own!"
    Jun 22, 2014. 11:51 AM | 2 Likes Like |Link to Comment
  • In California, Car Charging Group Charges Ahead While NRG Energy Stumbles [View article]

    Your comment is plainly incoherent but the point of the last paragraph of the article is not. NRG is far behind Car Charging in the very important state of California and it is reasonable to suggest that NRG, if it is serious about competing in the EV charging services space, may want to consider acquiring Car Charging Group. It is perfectly normal for a company that is pioneering a new market to be unprofitable, and it would be disingenuous to not point out this fact for the benefit of Seeking Alpha readers. A cursory review of your comments on other articles reveals that you have a deep concern about "pump and dump" options scams. This is admirable, but in all candor, this article is not a part of some such conspiracy.
    Jun 21, 2014. 02:20 PM | 2 Likes Like |Link to Comment
  • In California, Car Charging Group Charges Ahead While NRG Energy Stumbles [View article]

    If there was something that needed clarification or verification, the CPUC would have been contacted. As it is, the requirements of the settlement were clearly spelled out in black and white, as were the problems NRG has had in fulfilling them in the first annual review. Both of these documents are linked in the article.

    The article does not exclusively blame the slow progress on the CPUC. It leaves open the possibility that the most onerous requirement, that all the Make-Readies must be associated with a unique eVgo subscriber, may have been NRG's idea. The point being, when a company sets out to develop a new market, it is bound to make mistakes. When correcting those mistakes requires altering a settlement with a government entity, in will more than likely be a long and difficult process. Ultimately, it doesn't matter who made the mistake. The issue is how much longer it will take to correct it given the situation.
    Jun 21, 2014. 02:20 PM | 2 Likes Like |Link to Comment
  • Inside Car Charging Group With CEO Michael Farkas (Part 3) [View article]
    The information in this article is well documented and researched. The charging point count given in the article is derived from conversations with the CEO of Car Charging and the company's SEC filings. It is very similar to the count published in the Wall Street Journal's article on the purchase of the Blink Network and related assets published on October 17, 2013. Though the EV Project web site puts the number of residential chargers installed by ECOtality as part of that project at 8,300, Michael Farkas says the number is closer to 7,000. This is due to attrition caused by project participants dropping out of the project for various reasons. This is well documented in the progress reports available on the EV Project site.

    It is important to separate Car Charging's commercial and residential strategies. Up until the ECOtality asset purchase, Car Charging has been focused on the commercial market. Emphatically, commercial hosts in most instances DO NOT end up owning the EV chargers when they choose to work with Car Charging. As evidenced by our discussion with Michael Farkas in the first article of this series, Car Charging's preferred business model for the commercial market has it paying 100% of the initial capital expenditures for each site (the chargers and installation costs) so as to make the decision to provide EV charging at commercial locations easier for the property owner. Sometimes these costs are split with the host, but rarely does Car Charging end up having no ownership of the equipment. Whatever units on Car Charging's network which are the property of commercial hosts would mostly be the result of the three smaller acquisitions and will become a smaller and smaller percentage of Car Charging's commercial network as it grows. Please read the first two articles in this series for more details.

    Therefore, with regard to commercial customers, it is simply not Car Charging's revenue model to sell chargers outright, but to earn revenues on each charging transaction. With regard to residential customers, Car Charging intends to make and sell EV chargers because there is little opportunity to earn revenues on charging events that occur within single-family, privately owned residences. Again, please read the first two articles in this series for more details.

    Moreover, Car Charging does own all of the Blink chargers that were once the property of ECOtality, both installed and in inventory. The SEC filings related to the asset purchase, coverage by reputable financial news outlets, and conversations with Car Charging's CEO confirm this. Car Charging paid $3.335 million for the Blink Network AND the related assets (i.e. the EV chargers on the network and in inventory).
    Feb 13, 2014. 08:19 AM | 1 Like Like |Link to Comment
  • Inside Car Charging Group With CEO Michael Farkas (Part 1) [View article]

    OTC stocks in general are thinly traded and thus more prone to manipulation than those listed on the major exchanges. Though there is no guarantee that a stock won't suffer from manipulation, winning institutional investors like CCGI is doing adds a degree of stability as they tend to stay with a stock with an eye toward long-term multiple expansion. To be sure, institutional investors tend to also be well diversified.

    Car Charging is in fact a pre-profitability, development stage company pioneering a new industry. It is quite common for such companies to run deficits for an extended period of time. The risks of investing in any company at this stage are high. Of course, the potential reward is that such a company executes on its strategy and becomes a profitable industry leader.
    Jan 22, 2014. 02:15 PM | 1 Like Like |Link to Comment
  • Inside Car Charging Group With CEO Michael Farkas (Part 1) [View article]
    CCGI is currently at $1.31, up 62% since its winning bid for ECOtality's Blink Network assets was announced. As with any OTC-traded micro-cap, prudence is advised, but this sizeable gain suggests that Car Charging's stock price is being driven by other more positive factors than the reactions of investors who made the wrong bet on ECOtality.
    Jan 21, 2014. 03:16 PM | Likes Like |Link to Comment
  • Car Charging Group: Ripe For Acquisition? [View article]
    In the Car Charging model, the end user does not have to buy the EV charger. Car Charging provides the EV charger free of charge in exchange for the exclusive right to supply charging services at a specific location for an extended period of time (up to 21 years). There is a revenue sharing and service agreement with the property owner. Now, in the case of a condominium (as opposed to an apartment building) where the tenants are owners, I suppose that agreement could be with the HOA, but the tenants would still not have to buy the chargers upfront. This is very different from the eVgo model. It makes the decision to provide EV charging services easier.
    Nov 26, 2013. 04:18 AM | Likes Like |Link to Comment
  • Car Charging Group: Ripe For Acquisition? [View article]
    The article mentions NRG Energy in the second to the last paragraph. Yes, NRG Energy is far too large to be acquired by Tesla. The article discusses six companies that could potentially acquire Car Charging, but there are probably many more. NRG Energy's eVgo subsidiary does install Level III and Level II chargers at every location, but it has very few locations compared to Car Charging or Chargepoint, hence the potential synergy. Installing EV chargers at apartment complexes is very smart given the fact that the homeownership rate in the U.S. is 65%. This is why Car Charging has targeted multi-family residential property owners like Equity Residential for its long-term, exclusive EV charging equipment hosting agreements. Again, the current charging speed of equipment in the ground is irrelevant since the useful life of an EV charger is about three years and the hosting site contracts Car Charging has with property owners are up to 21 years. Multiple upgrades are a given. Please see the last two paragraphs under "What Would Be For Sale?."
    Nov 25, 2013. 04:14 PM | Likes Like |Link to Comment
  • Car Charging Group: Ripe For Acquisition? [View article]
    Please reread the last two paragraphs under "What Would Be For Sale?" which make the point that the current charging speed of the EV chargers deployed by Car Charging is irrelevant. Please reread the first three paragraphs under "What Would Be For Sale?" and the
    article entitled Meeting in the Middle Market: The Symbiotic Future of Tesla and Car Charging for a response to the point that 90% of car charging occurs at home..." That may be true today, but this article is future-oriented. The point is that the ability to charge at home will be less and less of a given as EVs penetrate the mass market (where homeownership will be less and less of a given).
    Nov 25, 2013. 04:14 PM | Likes Like |Link to Comment
  • Meeting In The Middle Market: The Symbiotic Future Of Tesla And Car Charging Group [View article]
    There is no dispute about the fact that most EV charging is done at home. The point is that there are a large portion of households that do not have the potential to own or control their own EV charger because they do not own the property in which they live and any on-site charging solution would have to be provided as an amenity by the property owner. That is where a company like Car Charging comes in, making a long-term agreement with the property owner to provide EV charging at that site. Whether the owner provides that amenity free-of-charge makes no difference. Car Charging will still have a relationship with the property owner whereby it generates a recurring revenue stream for itself.
    Nov 13, 2013. 03:01 PM | Likes Like |Link to Comment
  • Meeting In The Middle Market: The Symbiotic Future Of Tesla And Car Charging Group [View article]
    The article is not arguing that the decline in homeownership will continue; only that it has steadily fallen to 65% over the last 9-10 years. The point about the effect of interest rates on homeownership is economically sound, though rates have been low for an extended period of time and homeownership remains depressed.
    Nov 13, 2013. 03:01 PM | Likes Like |Link to Comment
  • Meeting In The Middle Market: The Symbiotic Future Of Tesla And Car Charging Group [View article]
    The vision for the Supercharger network is not to have a Supercharger station on every corner. They are not intended for daily use. Elon Musk has said that they are meant to facilitate extended road trips. Only if one owns a Tesla Model S and happens to live close to what could be the only Supercharger station in his town would the Supercharger provide a convenient daily charging solution. Most EV drivers will be doing the majority of their day-to-day charging where they park, and it is not likely that Car Charging will leave the same speed of EVSE at its partnership locations for the next 21 years (see response to tftf above).
    Nov 13, 2013. 03:01 PM | Likes Like |Link to Comment
  • Meeting In The Middle Market: The Symbiotic Future Of Tesla And Car Charging Group [View article]
    The other article you are referring to was written by a contributor that is in no way affiliated with Market Exclusive. The decision to publish two articles on micro-caps related to Tesla in the same week is completely up to Seeking Alpha.


    The point about the slow charging speed of the current stock of EV charging stations is valid. However, one cannot extrapolate from the current state of public EV charging that speeds will not improve. Understand that Car Charging’s strategy is focused on the real estate part of the infrastructure equation rather than the equipment. It does not manufacture its own EVSE and is free to utilize any manufacturer or upgrade as it sees fit. In the same sense that internet service providers upgraded from dial-up to DSL years ago, Car Charging can also respond to consumer demand for higher charging speeds. Realize that Car Charging enters revenue sharing agreements with property owners to place EVSE at their locations for up to 21 years. It is highly unlikely that the same EVSE will be deployed at any given Car Charging location 21 years from now.
    Nov 13, 2013. 03:00 PM | Likes Like |Link to Comment
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