Welcome to our dedicated page for Charge Enterprises news (Ticker: CRGE), a resource for investors and traders seeking the latest updates and insights on Charge Enterprises stock.
Charge Enterprises, Inc. (CRGE) is a leading electric vehicle (EV) charging, electrical, and broadband infrastructure company based in New York. The company offers end-to-end project management services, from design and installation to monitoring and maintenance. Charge focuses on providing innovative infrastructure solutions to clients, including automotive fleet operators, real estate owners, and government entities. Recent partnerships with major players like Ford, Stellantis, Eaton, and Autel demonstrate Charge's commitment to growth and industry leadership. With approximately 62,000 charging stations in the U.S. compared to 168,000 gas stations, Charge is uniquely positioned to capitalize on the growing EV market. The recent recapitalization led by Arena Investors, LP, aims to support Charge's expansion and drive profitability. Scott Haeger, a seasoned executive, has been appointed as the interim CEO to steer Charge towards sustainable growth and success.
Charge Enterprises (CRGE) announced that its Chief Business Officer, Nicole Antakli, has been named to Insider's EV Industry Power Players list for 2022. She is among 30 leaders recognized for their contributions to the expanding EV sector. Antakli’s role includes overseeing relationships with automotive OEMs, managing infrastructure projects, and educating clients. Her leadership is credited with fostering confidence among customers as they advance EV charging projects. Charge Enterprises focuses on EV charging and 5G networks, providing comprehensive solutions in these growing fields.
Charge Enterprises (NASDAQ:CRGE) will be featured at the J.P. Morgan Energy, Power, Renewables Conference on June 23, 2022. Founder, Chairman, and CEO Andrew Fox will discuss the company's initiatives in 5G wireless networks and electric vehicle (EV) charging infrastructure. The presentation is scheduled for 11:00 a.m. ET and can be viewed via webcast. Charge’s business spans telecommunications and infrastructure services, focusing on rapidly growing sectors.
Charge Enterprises (Nasdaq:CRGE) announced that its Founder and CEO, Andrew Fox, will participate in an energy transition conference call on June 22, 2022, at 11:00 AM ET, hosted by UBS. The focus will be on the company's role in developing infrastructure for 5G Wireless Networks and EV charging. Participants need to pre-register for the call, and an investor presentation will be available on the company’s website. A re-broadcast of the call will be accessible approximately five business days post-event.
Charge Enterprises (Nasdaq:CRGE) announced that President Mark LaNeve will speak at the FAR 2022 - The Future of Automotive Retail Conference on June 13, 2022, in San Diego, CA. LaNeve will discuss the company's role in developing Electric Vehicle (EV) charging infrastructure. The event focuses on retail innovation and the ongoing evolution within the automotive industry, bringing together leaders to explore profitable business strategies.
For more information on Charge, visit Charge Enterprises.
Charge Enterprises (NASDAQ:CRGE) will present at the H.C. Wainwright Global Investment Conference on May 24, 2022, at 11:00 a.m. ET. Andrew Fox, the Company's Chairman and CEO, will discuss Charge's role in developing infrastructure for electric vehicle (EV) charging and 5G wireless networks. Attendees can register for one-on-one meetings from May 24-26, 2022. A replay of the presentation and investor materials will be available on the Company’s website. Charge has a robust portfolio focused on telecommunications and EV infrastructure.
Charge Enterprises (CRGE) reported Q1 2022 revenues of $163.0 million, a $51.9 million increase from the previous year, driven by growth in both Telecommunications and Infrastructure segments. Gross margin rose to $6.5 million, up $4.9 million year-over-year. Despite the revenue growth, the company recorded a net loss of $13.1 million, compared to a $1.6 million loss in Q1 2021, attributed to increased compensation expenses. Charge aims to capitalize on the $224 billion market for EV charging and 5G infrastructure, backed by significant public and private investments.
Charge Enterprises (NASDAQ:CRGE) announced the appointment of Christine Cannella as Vice President of Investor Relations, effective immediately. With over 20 years of experience, Cannella aims to enhance investor engagement following the company's recent uplisting to the Nasdaq Global Market. Previously, she held a similar role at Fresh Del Monte Produce. Her expertise includes corporate governance and strategic partnerships, which Charge seeks to leverage in its goal of becoming a leader in EV charging and telecommunications infrastructure. For more information, visit Charge Enterprises online.
Charge Enterprises (NASDAQ:CRGE) successfully completed a $10 million financing through a Securities Purchase Agreement with an affiliate of Island Capital Group. The company issued approximately 1.43 million shares at $7.00 per share and warrants for an additional 2 million shares at an exercise price of $8.50. Proceeds will support corporate growth initiatives. Island Capital expressed confidence in Charge's management and growth within the electric vehicle charging and 5G installation sectors.
Charge Enterprises (NASDAQ:CRGE) has announced a Securities Purchase Agreement with Island Capital Group LLC, allowing for the issuance of approximately 1.4 million shares at $7 each, generating $7.5 to $10 million in gross proceeds. Additionally, the agreement includes warrants for up to 2 million shares at an exercise price of $8.50, set to close by April 26, 2022. Proceeds will be allocated for organic growth and working capital. The issued securities will not be registered under the Securities Act, pending future filing with the SEC.
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