Car Charging Group Inc (OTCMKTS:CCGI) has been upward bound with a steady surge of volume since the stock reversed off $0.116 lows. The stock currently sits at the bottom of its range and was trading over $1.25 a few years back. CCGI is up about 90% off its lows and could be in for some huge gains.<\/p>\n
Car Charging Group, Inc. (OTCQB: CCGI) is a pioneer in nationwide public Electric Vehicle (EV) charging services, enabling drivers to easily recharge anytime, anywhere throughout North America. CCGI provides a turnkey electric vehicle charging service solution to commercial and residential property owners. Employing the most advanced technology, CCGI is committed to creating a robust, network for EV charging. With the increasing adopting over electric vehicles across the United States, CCGI is set up for potentially massive growth as the entire industry will lift all boats. CCGI will be able to capitalize significantly on this opportunity. Tesla will be coming out with a more affordable base model. As more EV come into the market, people will need a place to charge their vehicles. This is a market that has all of the right catalysts and CCGI could be at the center of it.<\/p>\n
Two recent SC 13\/Gs filed in the last quarter from two major institutional investors<\/span><\/strong> filed schedule 13\/Gs declaring and acquiring more than 5% ownership taken in the last quarter of 2015. Horton Capital Partners LLC took ownership of 5.4 Million shares with additional warrants to purchase more. & Wolverine Flagship Fund acquired 3.9 million shares during the same time frame. This is a major investment in CCGI and vote of confidence to their strategy and business model.<\/p>\n CCGI also recently released its 2014 Annual Earnings Report which showed significant progress for the company and likely just the start of a turnaround for the company. Below are the highlights and show that there is explosive growth to this company and significant catalysts. Don\u2019t miss out on the next big stock, sign up for our free newsletter below.<\/strong><\/span><\/p>\n [newsletter_form]<\/strong><\/p>\n The CEO was quoted saying “2014 was a transitional year for CarCharging as we integrated the four EV charging providers that were acquired in 2013. In 2014, CarCharging converted contracts with large retailers, parking management firms, and property owners from ECOtality to CarCharging, resumed sales of Blink HQ, a residential EV charging station, adjusted EV charging fee pricing policies; and introduced various Blink Network enhancements, including kilowatt-hour (kWh) pricing and remote start functionality from the Blink mobile app. CarCharging also began participating in Nissan’s No Charge to Charge program, which provided an additional stream of revenue for the company.<\/p>\n CCGI has more than 45 strategic partnerships across multiple business sectors including multi-family residential and commercial properties, parking garages, shopping malls, retail parking, and municipalities. CCGI\u2019s partners include, but are not limited to Ace Parking, Central Parking, Equity One, Equity Residential, Icon Parking, Rapid Parking, Related, USA Parking, Walgreens, the Pennsylvania Department of Environmental Protection, the City of Miami Beach, the City of West Palm Beach, and the City of Norwalk, Connecticut that manage or own a total of 6.5 million parking spaces.<\/p>\n Below is a video where Michael Farkas, chief visionary officer of Car Charging Group Inc., talks about the construction of a fast-charging station network for electric vehicles in the U.S.
\n\u2022 EV Charging H\/W Sales grew 11,000% from $48k to $565k
\n\u2022 EV Charging Service Fees grew 400% from $308k to $1.49M
\n\u2022 Grant\/Rebate Revenue grew almost 10,000% from $91k to $950k
\n\u2022 Charging output grew nearly 400% from 281k to 1.46M<\/p>\n
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