What happened Shares of Switchback Energy Acquisition (NYSE: SBE) were trading sharply higher again on Tuesday afternoon. The special-purpose acquisition company, which plans to merge with electric-vehicle charging network ChargePoint, appeared to be benefiting from strong investor interest after a prominent short-seller attacked a ChargePoint rival. As of 2 p.m. EST, Switchback's shares were up about 9.2% from Monday's closing price, and up about 42% since the end of last week. So what In a series of tweets, Citron Research, a widely followed short-selling firm, hit ChargePoint rival Blink Charging (NASDAQ: BLNK) with a scathing critique during the trading day on Monday. Calling it a "total scheme," Citron said that Blink has no real revenue, has no money for research and development, and "should trade right back to $10." New most ridiculous EV stock is https://twitter.com/search?q=%24BLNK&src=ctag&ref_src=twsrc%5Etfw!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs");. No $$for R&D, management accused of securities fraud, no real revenues. Expect a massively diluted deal soon so management can continue to deceive public. This should trade right back to $10 where it is still overpriced. Total scheme — Citron Research (@CitronResearch) https://twitter.com/CitronResearch/status/1330911478648512521?ref_src=twsrc%5Etfw!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); Not surprisingly, Blink's stock was down on Tuesday morning. As for Switchback, Citron's two follow-up tweets help explain why it's having a much better day. For all https://twitter.com/search?q=%24BLNK&src=ctag&ref_src=twsrc%5Etfw!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); investors who are naïve, for same mkt cap of https://twitter.com/search?q=%24BLNK&src=ctag&ref_src=twsrc%5Etfw!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); you can buy ChargePoint https://twitter.com/search?q=%24SBE&src=ctag&ref_src=twsrc%5Etfw!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); with 73% market share, considering mkt penetration https://twitter.com/search?q=%24BLNK&src=ctag&ref_src=twsrc%5Etfw!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); should be at $1 per share. Consider https://twitter.com/search?q=%24SBE&src=ctag&ref_src=twsrc%5Etfw!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); spent $70MIL on RD and https://twitter.com/search?q=%24BLNK&src=ctag&ref_src=twsrc%5Etfw!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); $0 pic.twitter.com/nfXGj42Iq1 — Citron Research (@CitronResearch) https://twitter.com/CitronResearch/status/1330911650052939780?ref_src=twsrc%5Etfw!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); https://twitter.com/search?q=%24BLNK&src=ctag&ref_src=twsrc%5Etfw!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); has made no progress expanding downloads or network in years. A total commodity product with no brand. It is an insult to other EV makers to even mention https://twitter.com/search?q=%24BLNK&src=ctag&ref_src=twsrc%5Etfw!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); as an EV stock, lowest form of shareholder base. This is a $1 bil joke. pic.twitter.com/x4H6CVjSeF — Citron Research (@CitronResearch) https://twitter.com/CitronResearch/status/1330914976094031873?ref_src=twsrc%5Etfw!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); Long story short, it seems reasonable to conclude that quite a few investors are selling Blink's shares and buying Switchback's. Image source: ChargePoint. Now what For auto investors who believe that a transition to electric vehicles is inevitable (I do), recharging networks are compelling investments. ChargePoint, with its leading position in the U.S. and a growing presence in Europe, seems like a no-brainer to grow nicely along with EV adoption over the next several years. If you liked Blink Charging, but are now having second thoughts, Switchback seems worth a close look -- and it seems that many investors are thinking along the same lines today. 10 stocks we like better than Switchback Energy Acquisition CorporationWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Switchback Energy Acquisition Corporation wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2020 John Rosevear has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source