Shares of Charge Enterprises (OTCMKTS:CRGE) have nee trending higher over the past month with a jump of 20%.
Market Reaction
On Wednesday, CRGE stock moved up 0.85% to $3.58 with 20K shares, compared to its average volume of 30k shares. The stock moved within a range of $3.5000 – 3.5900 after opening trade at $3.54.
Major Development
American company working on integrating best technologies, services and investment solutions, GenZ EV LLC and Charge Enterprises (OTCMKTS:CRGE) on March 2, 2022 announced that GenZ EV will be preferred infrastructure provider for EV Charging solutions. This will ensure bespoke and seamless end-to-end EV Infrastructure for fleet, public, commercial as well as private sector industries,ensuring delivery of ultra-fast charging for EVs.
Distributor of ADS-TEC Energy battery buffered ultra-fast chargers in America, GenZ EV, provides end-to-end services for EV charging ecosystems, through one of its affiliates, Charge Infrastructure. GenZ EV and Charge aims to target dealer groups, commercial operators as well as automotive OEM’s besides big-box chains, real estate conglomerates and public sector.The initiative is led by Charge’s President, Mark LaNeve, as well as GenZ EVs CEO Jose Valls with the two companies comprising a leadership with over 100 years of experience in OEM and dealer operations.
Mark LaNeve said that the two will provide seamless solution both for services as well as equipment for reducing charging cost and enabling EV charging flexibility. LeNeve added that the cost of running EV’s and client carbon footprint can be reduced by developing an ecosystem.
José Valls, GenZ EV’s CEO, formerly Chairman of Nissan North America and of Nissan Latin America, said that the demand for ultra-fast EV charging is across industries. Valls added that he is looking forward on working with Charge for addressing the unique needs in all markets.
Traders Review
CRGE stock is trading above the 20-Day and 50-Day Moving averages of $3.33 and $3.3 respectively. Moreover, the stock is trading above the 200-Day moving average of $3.33.
