Recent Insider Buying: Executives And Board Members From Charge Enterprises Inc. (NASDAQ: CRGE) Pick Up Company Stock

Senior executives at Charge Enterprises Inc. CRGE have made a series of purchases of common stock. Charge is an electrical, broadband and EV charging infrastructure company that provides clients with end-to-end project management services and is looking to make itself a leader of charging station infrastructure as the market shifts toward electric vehicles (EVs).

A series of insider purchases were made from May 12th to 19th, led by CEO and Chairman Andrew Fox. Fox acquired 175,000 shares of common stock at the average price of $1.03, to bring his total share of common stock to over 31 million.

Insider buying is when a board member, CEO, or other company executive purchases company shares or other securities. It can be viewed as a sign that those within the company are confident of its future growth and prospects and are optimistic about the future value and growth in the company’s share price. 

Michael Wojtowicz, CEO & President of Charge’s subsidiary BW Electrical Services, also made a purchase to bring his total common share count to more than 1.2 million.

Others who made purchases include President Mark LaNeve, CFO Leah Schweller, Chief Legal Officer James Biehl and President & General Manager of Charge subsidiary ANS Advanced Network Services Paul Fettuccia. 

Several board members also made purchases, including Justin Deutsch, Philip Scala, Amy Hanson and Gary Jacobs.

The EV market is growing rapidly, and the government’s goal is for 50% of all car sales to be EVs by 2030. Charge reports it can work with any hardware company to meet the demand for charging stations and is positioning itself as an indispensable player in the installation and maintenance of charging infrastructure.

Learn more about what Charge Enterprises is doing for the EV infrastructure sector.

Featured photo by Nicholas Cappello on Unsplash.

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