Europe's moving away from Russian energy — That could boost these electric vehicle charging stocks

Charge Point EV stations
Source: Charge Point

Russia's war on Ukraine is causing Europe to rethink its energy complex, which could ultimately be a boon for electric vehicle charging companies.

Moving away from dependency on Russian fuel means rolling out more EVs. And for EVs to take market share away from internal combustion engine vehicles, more chargers are needed.

"[T]he current level of charging infrastructure is far from what it needs to be," Raymond James said in a recent note to clients. 

More In Future of Energy

CNBC ProThis clean energy play's business model may just be recession proof
CNBC ProUBS downgrades lithium name Albemarle after 35% rally in May
CNBC ProUBS says Generac is a top pick with more than 80% upside