The EV charging network operator faces challenges in a difficult operating environment. ChargePoint (CHPT 1.07%) was one of the hottest stocks when it went public in 2021 through a special purpose acquisition company (SPAC). Investor enthusiasm for electric vehicle (EV) stocks was at a fever pitch, and many rushed to buy the charging station company in pursuit of a hundred-billion-dollar market opportunity. The stock reached as high as $38.50 following its merger but hasn't come close to that price ever sin ...

ChargePoint Holdings, Inc. (CHPT) , an electric vehicle charging network provider, and Daimler Buses have signed a collaboration agreement to allow transportation companies with multi-brand fleets to utilize vehicle data from Mercedes-Benz and Setra buses in ChargePoint's fleet management system without the need for extra hardware. Daimler Buses offers a variety of connectivity solutions through its Omniplus On digital services. Customers can use these services via the Omniplus On portal, integrate vehicle ...

In the latest market close, ChargePoint Holdings, Inc. (CHPT) reached $1.79, with no movement compared to the previous day. The stock fell short of the S&P 500, which registered a gain of 0.2% for the day. At the same time, the Dow added 0.24%, and the tech-heavy Nasdaq gained 0.21%. Shares of the company have depreciated by 13.11% over the course of the past month, outperforming the AutoTires-Trucks sector's loss of 13.68% and lagging the S&P 500's loss of 1.49%. The investment community will be paying clo ...

The markets went through a phase where it was easy to make money. With macroeconomic and geopolitical headwinds, we are now in a phase where stringent stock screening is needed. There will always be moneymaking opportunities, but investors must avoid purely speculative bets. In this column, I focus on the meme stocks to sell. An important aspect I have used to screen the stocks to sell is the absence of positive growth catalysts. Further, the meme stocks to sell represent companies with weak fundamentals. I ...

The EV charging business isn't what investors thought it would be. Chargepoint (CHPT -0.57%) is facing pressure on multiple fronts as electric vehicle (EV) sales growth slows and the company continues to burn cash. In this video, Travis Hoium shows why Chargepoint needs to turn its business around sooner rather than later. *Stock prices used were end-of-day prices of Aug. 12, 2024. The video was published on Aug. 12, 2024. ...

The recent carry trade scare sent Japanese stocks into a tailspin, and the contagion spread to other markets faster than a juicy rumor in a high school cafeteria. Even stocks that were already in correction mode got hammered even harder. Some analysts warn that the carry trade debacle could just be the tip of the iceberg for stocks to sell. As if that wasn't enough to give investors heartburn, the macro picture also looks pretty grim. All the usual recession red flags are waving – the inverted yield curve, ...

ChargePoint Holdings (NYSE:CHPT) is back in the green today on important news. After a volatile month, the electric vehicle (EV) charging company has reported a key catalyst that could revolutionize EV infrastructure. Its new "Omni Port" device is exactly what it sounds like. Essentially, it combines "multiple charging plugs into one single port," ensuring that almost any EV driver will be able to charge their vehicle at any ChargePoint charging space. CHPT stock has been rising steadily all day, making it ...

Global EV sales momentum may have slowed down, but investors have high hopes for ChargePoint. ChargePoint Holdings (CHPT 9.75%) shares made a dramatic comeback in July and surged a whopping 43.7%, according to data provided by S&P Global Market Intelligence. That's a huge rebound for a stock that lost one-third of its value in the first half of 2024. The electric vehicle (EV) charging infrastructure company was hitting the headlines for all the wrong reasons in recent months, including dwindling sales and m ...

ChargePoint's stock price has absolutely spiraled lower over the past three years, but a change in strategy could reverse its course. Investors initially bought into the hype surrounding ChargePoint (CHPT -3.52%) and other charging infrastructure companies. It was a logical direction with the electric vehicle (EV) industry poised to boom in the coming years. In fact, some of the biggest concerns facing potential EV customers are range anxiety and charging infrastructure availability, problems ChargePoint ca ...

Despite some bumps in the road, the electric vehicle (EV) revolution hasn't stopped in 2024. ChargePoint (NYSE:CHPT) continues to grow and provide powerful EV charging equipment in the U.S. and elsewhere. In the long run, ChargePoint will prevail against the skeptics and short sellers, and its stock could jolt up to four dollars, five dollars or even higher. I've already made the case that ChargePoint's financials, while not perfect, are improving in key areas. It's undeniable that some investors are worrie ...