Jim Cramer - Mad Money Switchback Energy Acquisition Corporation SBE-N COMMENT Jan 25, 2021

Merging with ChargePoint, an EV-charging company. SBE fell 8% today, but still needs to pull back to around $25 to be interesting.

As more EVs are made, more EV charging stations will be needed, and he expects the Democrats to offer generous subsidies or tax credits. They're merging with ChargePoint to become one of three EV-charging stocks. Has enjoyed an enormous run though SBE has pulled back from $49 to $38 in the past month, though it's still up 200% from early November. ChargePoint has been operating for 13 years and boasts over 4,000 customers and over 115,000 charging sites across North America and Europe. They supply parking spaces owned by other companies to go electric, including hardware, apps and software--a compelling business model that generates recurring revenue from subscriptions. Loves the model. The CEO has a lot of experience founding and selling tech companies. Managers think they can grow sales by 50% in 2021. Trades at a high 18x sales.