Charge Enterprises Shares Gain On Surpassing $100M In Infrastructure Backlog

Charge Enterprises, Inc CRGE reported a $107 million signed infrastructure project backlog as of March 31, 2023.
The company had reported 4Q22 infrastructure segment backlog of $82 million.
The growth was driven by significant growth in CRGE’s EV infrastructure division. EV charging infrastructure backlog represents over 20% of the total backlog.
The company reaffirmed its commitment to pursuing growth within the EV charging infrastructure sector.
"The growth of our EV charging infrastructure division, Charge Infrastructure (CI), reinforces our strategy to focus on the EV transition as a pillar of our company’s future. CI’s backlog growth, now representing over 20% of the total, supports that our unique and specialized offering is valued by our clients,” commented Andrew Fox, CEO of Charge.
Price Action: CRGE shares are trading higher by 3.67% at $1.13 premarket on the last check Wednesday.