Charge Enterprises Inc. engages in building the electrification and telecommunications infrastructure for electric vehicle charging(EVC) and wireless network infrastructure, including 5G, tower, distributed antennae systems, small cell, and electrical infrastructure. The company operates through Telecommunications and Infrastructure segments. Its Telecommunications segment offers internet-protocol-based and time-division multiplexing access for transport of long-distance voice and data minutes; domestic switching and related peripheral equipment services, and carrier-grade routers and switches for internet and circuit-based services, as well as connection of voice calls and data services. The company's Infrastructure segment focuses on physical wireless networking elements including 4G and 5G, cell tower, small cell, and in-building applications and EVC solutions including design, engineering, vendor specification, construction, installation, and maintenance of electric vehicle chargers. This segment also offers network of personal charging power banks situated in bars, restaurants, transit hubs, and sporting arenas. The company was formerly known as TransWorld Holdings Inc and changed its name to Charge Enterprises, Inc. in January 2021.Charge Enterprises, Inc. was incorporated in 2003 and is based in New York, New York.
IPO Year:
Exchange: NASDAQ
Website: https://www.charge.us
Date | Price Target | Rating | Analyst |
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10/14/2022 | $4.50 | Buy | H.C. Wainwright |
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Now with a strengthened balance sheet and ample access to capital, Charge looks ahead to continued business growthLongtime largest shareholder to become majority owner as Company's indebtedness is dramatically reduced, providing strong financial position for future growthUnder new leadership, Company will continue to capitalize on expanding its market-leading EV charging infrastructure capabilities and servicesNEW YORK, May 3, 2024 /PRNewswire/ -- Arena Investors, LP (and its affiliates, collectively, "Arena"), a global institutional asset manager with approximately $3.5 billion of invested and committed assets under management, today announced that it has recapitalized Charge Enterprises, I
Charge Enterprises, Inc. (NASDAQ:CRGE) ("Charge" or the "Company"), today announced that on February 20, 2024, the Company received written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that trading of its common stock will be suspended as of the opening of business on February 29, 2024 (the "Delisting Letter"). The Company had previously been notified by Nasdaq on August 22, 2023, that it was no longer in compliance with Nasdaq Listing Rule 5450(a)(1) because the closing bid price per share for the Company's Common Stock had closed below $1.00 for the previous 30 consecutive business days. The Company had applied for an
Charge Implementing Infrastructure to Advance Akins Ford's Electrification Objectives with 19 EV Charging Stations and Comprehensive Solar System, Resulting in 700,000 kW in Total Carbon Offset Charge Enterprises, Inc. (NASDAQ:CRGE) ("Charge" or the "Company"), a leading energy, electrical, broadband and EV charging infrastructure company, has been selected by Akins Ford – Georgia's largest volume Ford dealer and a top ten Ford U.S. dealership – for the turnkey engineering, procurement, and construction of 19 electric vehicle ("EV") charging stations and a 450 kW DC solar photovoltaic ("PV") system. Greenspeed Energy Solutions, LLC, a Charge Enterprises company, will start the project in
Charge Enterprises, Inc. (NASDAQ:CRGE) ("Charge" or the "Company"), a leading electrical, broadband and EV charging infrastructure company, has announced the expansion of its executive team with the appointment of Matthew Chee as Senior Vice President, Growth. In his expanded role, Chee, who has served as Charge's Vice President of Mergers and Acquisitions ("M&A") since joining the Company in 2020, will continue to leverage his 20 years of industry experience to drive growth for Charge. He will oversee all marketing and sales strategies, new business development, relationship and people management, internal sales, budget, and marketing reporting systems, along with his current M&A respons
Highest Gross Profit to date of $9.0 million, representing a 48% year-over-year increase, driven by growth in the Infrastructure segment Third quarter revenues of $132.3 million, with 19% growth in the Infrastructure segment, offset by expected declines in the Telecommunications segment Efficiency improvements and skillset enhancements within the EV charging operation as part of the integration of Greenspeed Approximately $2 million of annualized people costs removed in conjunction with the integration of Greenspeed Infrastructure segment backlog of future revenues totaled $139 million at the end of the third quarter 2023 Reiterate first quarter 2024 and full year 2024 posit
Charge Enterprises, Inc. (NASDAQ:CRGE) ("Charge" or the "Company") plans to host a public results webcast on November 8, 2023, during which Charge's executive management will review and discuss the Company's 2023 third quarter financial results. Speaking on behalf of the Company will be Craig Denson, Interim Chief Executive Officer and Chief Operating Officer, Leah Schweller, Chief Financial Officer, and Christine Cannella, Vice President, Investor Relations. After the speakers remarks, there will be a previously solicited question-and-answer session. The Company plans to issue its third quarter 2023 results before the market opens that morning. The following documents will be available o
Charge Enterprises, Inc. (NASDAQ:CRGE) ("Charge" or the "Company"), has retained Gateway Group, a leading strategic communications and capital markets advisory firm, as its agency of record to strengthen the Company's external communications and branding initiatives. Gateway Group specializes in advising public and private companies across a broad range of industry classifications, driving brand visibility, credibility and trust. Founded in 1999, the firm provides high-level capital markets consulting, investor and public relations program development, and branding & creative services. Gateway Group serves clients within the technology, clean energy, industrial, consumer, and financial se
Charge Enterprises, Inc. (NASDAQ:CRGE) ("Charge" or the "Company"), announced today that Leah Schweller, CFO, and Christine Cannella, VP, Investor Relations, will participate in the UBS Mobility Virtual Conference on October 2, 2023. Event: UBS Mobility Virtual Conference on October 2, 2023 Meeting Availability: Interested investors should reach out to their UBS sales contact directly to schedule 1:1 meetings. The Company's most recent investor presentation will be available on the Investor Relations page at Charge Enterprises, Inc. About Charge Enterprises, Inc. Charge Enterprises, Inc. is an electrical, broadband and EV charging infrastructure company that provides clients with
Large shareholder urges Charge to take immediate action to address significant underperformance Believes changes announced by Charge on August 29, 2023 are insufficient for substantial value creationNEW YORK, Sept. 11, 2023 /PRNewswire/ -- Arena Investors, LP (and its affiliates, collectively, "Arena"), an institutional asset manager that, together with investment funds managed by it, is one of the largest beneficial owners of Charge Enterprises, Inc. (NASDAQ:CRGE) ("Charge"), today sent a letter to the Board of Directors of Charge (the "Board") to reiterate the urgent need for Charge to take decisive action to significantly enhance value for its shareholders.
Charge Enterprises, Inc. (NASDAQ:CRGE) ("Charge" or the "Company"), announced today that Leah Schweller, CFO and Christine Cannella, VP, Investor Relations, will participate in the Raymond James Virtual Lean, Mean and Green: Vehicle Technology Day on September 18, 2023. Event: Lean, Mean and Green: Vehicle Technology Day on September 18, 2023. Meeting Availability: Interested investors should reach out to their Raymond James sales contact directly to schedule 1:1 meetings. The Company's most recent investor presentation will be available on the Investor Relations page at Charge Enterprises, Inc. About Charge Enterprises, Inc. Charge Enterprises, Inc. is an electrical, broadband an
H.C. Wainwright initiated coverage of Charge Enterprises with a rating of Buy and set a new price target of $4.50
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Highest Gross Profit to date of $9.0 million, representing a 48% year-over-year increase, driven by growth in the Infrastructure segment Third quarter revenues of $132.3 million, with 19% growth in the Infrastructure segment, offset by expected declines in the Telecommunications segment Efficiency improvements and skillset enhancements within the EV charging operation as part of the integration of Greenspeed Approximately $2 million of annualized people costs removed in conjunction with the integration of Greenspeed Infrastructure segment backlog of future revenues totaled $139 million at the end of the third quarter 2023 Reiterate first quarter 2024 and full year 2024 posit
Gross Profit grew 23% to $7.7 million, compared with the prior year period, driven by increases in the Infrastructure segment Second quarter revenues of $147.6 million; Infrastructure segment revenues increased 18%, compared with the prior year period Infrastructure segment backlog totaled $138.2 million at the close of the second quarter 2023 Reaffirms expected positive Adjusted EBITDA in the first quarter 2024 Recent acquisition of Greenspeed further solidifies the Company's focus on establishing itself as a go-to resource for customers needing EV charging support Charge Enterprises, Inc. (NASDAQ:CRGE) ("Charge" or the "Company"), today reported second quarter 2023 results
Select Financial Highlights Increases Infrastructure Backlog of approximately $138 million as of June 30, 2023, by approximately $12 million, with EV infrastructure projects now representing 34% The transaction is expected to be accretive to both EBITDA and free cash flow in the first full year of ownership Strategic Highlights Broadens customer footprint and recurring revenue capabilities Expands Charge's in-house capability to self-perform work in 25 states Further solidifies EV infrastructure experience with visionary team, customers and technology Enhances auto dealership network and increases combined EV charging installation experience to over 600 chargers install
Revenue increased 19% for the quarter, compared with the prior year period Gross Profit grew 9% to $6.7 million Infrastructure segment backlog surpasses $100 million; with over 20% derived from the Company's nationwide electric vehicle charging infrastructure business Positive Adjusted EBITDA expected first quarter of 2024 Charge Enterprises, Inc. (NASDAQ:CRGE) ("Charge" or the "Company"), today reported first quarter 2023 results. For the quarter, revenues were $193.5 million, compared with $163.0 million in the first quarter of 2022. Gross profit for the first quarter of 2023 increased to $6.7 million, compared with $6.2 million in the first quarter of 2022. "Charge Enterpr
Reported Revenues increased 41% for the quarter and 46% for the full year, compared with the prior year periodsReported Gross Profit more than doubled from a year agoPositioned to further expand best-in-class service for long-term growthNEW YORK, NY / ACCESSWIRE / March 15, 2023 / Charge Enterprises, Inc. (NASDAQ:CRGE) ("Charge" or the "Company"), today reported fourth quarter and full year 2022 results. For the quarter, revenues were $168.0 million, compared with $119.3 million in the fourth quarter of 2021. For the full year, revenues were $697.8 million, compared with $477.0 million in the prior year period. Gross profit for the fourth quarter of 2022 increased to $8.5 million, compared w
Reported Revenues Increased 59% to $185.9 MillionReported Gross Profit Increased 77% to $6.9 MillionWins in High-Demand Markets and Leveraging of Subsidiary Capabilities Driving GrowthNEW YORK, NY / ACCESSWIRE / November 14, 2022 / Charge Enterprises, Inc. (NASDAQ:CRGE) ("Charge" or the "Company"), today reported third quarter 2022 revenues of $185.9 million, compared with $117.0 million in the third quarter of 2021. Gross profit for the third quarter of 2022 increased to $6.9 million, compared with $3.9 million in the third quarter of 2021."Progress and strategic execution in our business segments are increasing as we move through the year, driving solid revenue and gross profit growth in t
Reported Revenues Increased 40% to $181.0 MillionReported Gross Margin More than Tripled to $7.3 MillionContinued Strong Execution toward Becoming the Trusted Infrastructure Provider in Expansive EV Charging and 5G Broadband SpaceNEW YORK, NY / ACCESSWIRE / August 15, 2022 / Charge Enterprises, Inc. (NASDAQ:CRGE) ("Charge" or the "Company"), today reported second quarter 2022 revenues of $181.0 million, compared with $129.6 million in the second quarter of 2021. Gross margin increased to $7.3 million, compared with $2.2 million in the prior year period."We delivered exceptional second-quarter results through expanded orders from existing customers and new business in both the Telecommunicati
Charge Enterprises, Inc. (NASDAQ:CRGE) ("Charge" or the "Company"), a leading electrical, broadband and EV charging infrastructure company, has announced the expansion of its executive team with the appointment of Matthew Chee as Senior Vice President, Growth. In his expanded role, Chee, who has served as Charge's Vice President of Mergers and Acquisitions ("M&A") since joining the Company in 2020, will continue to leverage his 20 years of industry experience to drive growth for Charge. He will oversee all marketing and sales strategies, new business development, relationship and people management, internal sales, budget, and marketing reporting systems, along with his current M&A respons
Large shareholder urges Charge to take immediate action to address significant underperformance Believes changes announced by Charge on August 29, 2023 are insufficient for substantial value creationNEW YORK, Sept. 11, 2023 /PRNewswire/ -- Arena Investors, LP (and its affiliates, collectively, "Arena"), an institutional asset manager that, together with investment funds managed by it, is one of the largest beneficial owners of Charge Enterprises, Inc. (NASDAQ:CRGE) ("Charge"), today sent a letter to the Board of Directors of Charge (the "Board") to reiterate the urgent need for Charge to take decisive action to significantly enhance value for its shareholders.
Craig Denson appointed Interim Chief Executive Officer; draws on seasoned internal talent to propel long-term strategic vision and guide Company through leadership transition Company Founder, Andrew Fox resigns as Chief Executive Officer; stays on as board member Company announces new fundamental objectives, including development of strategic plan Charge Enterprises, Inc. (NASDAQ:CRGE) ("Charge" or the "Company"), today announced that the Board of Directors of the Company (the "Board") has appointed Craig Denson, Charge's current Chief Operating and Compliance Officer, as Interim Chief Executive Officer, effective August 31, 2023. This appointment follows Andrew Fox's decision, ma
Charge Enterprises, Inc. (NASDAQ:CRGE) ("Charge" or the "Company"), announced today its Board of Directors has appointed Jacky Wu as an independent director, effective June 16, 2023. Mr. Wu's appointment expands the Board to ten members, six of whom are independent directors. Mr. Wu is currently the Executive Vice President and Chief Financial Officer of DigitalBridge Group, Inc., a global digital infrastructure investment firm (NYSE:DBRG). Prior to joining DigitalBridge, Mr. Wu was Executive Vice President and Chief Financial Officer of Driven Brands, Inc. (NASDAQ:DRVN), North America's largest automotive aftermarket platform. Prior to Driven Brands, Mr. Wu was Executive Vice President and
NEW YORK, NY / ACCESSWIRE / November 1, 2022 / Charge Enterprises, Inc. (NASDAQ:CRGE) Chairman and CEO Andrew Fox today announced the appointment of Jim Biehl as the organization's Chief Legal Officer and Corporate Secretary. Mr. Biehl joins Charge from Tyme Technologies, Inc., a former public emerging biotechnology company. He served as Chief Legal Officer and Corporate Secretary, and he was previously a member of the Tyme Board of Directors.Charge's core business provides expertise in the design, engineering, installing, monitoring and maintenance of EV charging and wireless broadband installations across a range of commercial businesses. Charge delivers end-to-end infrastructure installat
Bunnell to lead Charge Infrastructure's Automotive Dealer Channel OperationsTransition to EVs requires infrastructure investment by over 16,000 U.S. car dealersCharge installs any charging system to meet unique needs; multiple projects in process for dealers representing 19 Auto brands nationwideNEW YORK, NY / ACCESSWIRE / October 13, 2022 / Charge Enterprises, Inc.today announced the appointment of Jim Bunnell as Executive Director Automotive Dealer Channel Operations, Charge Infrastructure, a division of Charge. He will report to Nicole Antakli, Chief Business Officer for Charge Enterprises and General Manager for Charge Infrastructure.As Executive Director of Automotive Dealer Channel Ope
Extensive global experience in brand, product, advanced technology, environmental and media communicationsNEW YORK, NY / ACCESSWIRE / September 15, 2022 / Charge Enterprises, Inc. (NASDAQ:CRGE) ("Charge" or the "Company"), a global business with the vision of connecting people everywhere with communications and electric vehicle ("EV") charging infrastructure, today announced that Jeffrey S. Kuhlman has joined the Company as Chief Communications Officer handling public relations, corporate communications, and marketing."As we foster relationships with clients, many of whom are creating transformative change in the automotive vertical leading the adoption of EVs, it is vital that Charge's bran