NEW YORK, May 28, 2024 /PRNewswire/ -- Moore Law, PLLC, a securities and shareholder law firm located on Wall Street, is investigating potential claims against: ChargePoint Holdings, Inc. ("ChargePoint") (NYSE: CHPT) Shareholders who acquired before December 7, 2021 should email: [email protected] ChargePoint provides networked solutions for charging electric vehicles, including the ChargePoint cloud subscription platform and charging hardware. In September and November 2023, ChargePoint announced impairmen ...

Rivian and ChargePoint are still worth buying, but Lucid is too risky to touch. The electric vehicle (EV) market has gone through some wild swings over the past few years. Dozens of EV- related companies went public during the buying frenzy in growth and meme stocks in 2020 and 2021, but many of those stocks burned out in 2022 and 2023 as rising interest rates popped the speculative bubble. Many investors might want to shun all EV stocks after that wipeout, but there are still plenty of beaten-down plays th ...

Judging which growth stocks are good long-term bets is trickier than you might expect. These fast-moving businesses can be hard to forecast, and changes in their broader industries could quickly lift up (or sink) these growth names in short order. However, there is one metric you need to keep in mind above all else: profitability. This is by far the most important factor, a lesson I’ve learned the hard way. Investors should avoid scooping up growth stocks that are far from achieving profitability and don’t ...

The EV charging network builder has a lot to prove this year. ChargePoint (CHPT -1.70%) went public by merging with a special purpose acquisition company (SPAC) three years ago. At the time, the leading builder of electric vehicle (EV) charging stations impressed investors with its explosive growth rates. Yet ChargePoint's stock has lost more than 90% of its value since its public debut. It ran out of juice as its growth cooled off; it racked up steep losses; and rising rates compressed its valuations. The ...

ChargePoint operates a portfolio of EV charging locations, which hasn't been as good a business as you might expect lately. ChargePoint (CHPT 2.69%) is at the forefront of the electric vehicle (EV) transition. It acts as something of a "picks and shovels" company, providing the charging locations that EV drivers use to keep their cars juiced up. If you're considering an investment, thinking that you want to get in on what amounts to a new type of fueling station, step back for a moment and consider these th ...

China has only a toehold in the U.S. electric vehicle market, and this toe may now get squashed. The trading week for electric vehicle (EV) stocks started off explosively as shares of Rivian Automotive (RIVN 10.41%), Lucid Motors (LCID 6.58%), and ChargePoint Holdings (CHPT 11.77%) all moved higher Monday. Thanks for this go to the Biden administration, which is preparing to quadruple tariffs on Chinese electric cars imported into the U.S. As of 10:50 a.m. ET, shares of electric carmakers Rivian and Lucid a ...

When high-flying stocks plunge by 50% or more, there is always a temptation to consider exposure at oversold levels. There are cases of a strong rally after a big sell-off on the back of a short-squeeze or improvement in company fundamentals. However, it’s not necessarily true in all cases of big corrections. This overview is important, as I discuss EV stocks to sell in this column. With factors of competition, macroeconomic headwinds, cash burn and slow EV adoption, several EV stocks have plunged. While so ...

ChargePoint Holdings, Inc. (CHPT) closed the most recent trading day at $1.76, moving -1.12% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.13%. At the same time, the Dow added 0.08%, and the tech-heavy Nasdaq lost 0.1%. The the stock of company has fallen by 3.78% in the past month, lagging the Auto-Tires-Trucks sector's gain of 1.22% and the S&P 500's loss of 0.35%. The investment community will be paying close attention to the earnings performance of C ...

Like so many "good ideas", ChargePoint has a long way to go before it has built a sustainable business. ChargePoint (CHPT 9.21%) does something very important: It installs and provides services for electric vehicle (EV) charging sites. These are necessities if the world is going to shift from combustion engines to EVs. But there's one problem for investors: The company isn't profitable. Is now the time to buy ChargePoint while it remains in the red? ChargePoint has lots of points ChargePoint has roughly 286 ...

Rivian, Nio, and ChargePoint could be great contrarian plays for patient investors. Many electric vehicle (EV) stocks crumbled over the past year as the market cooled off and rising interest rates compressed their valuations. But according to Precedence Research, the global EV market could still expand at a compound annual growth rate (CAGR) of 23.4% from 2024 to 2032 as EVs gradually replace gas-powered vehicles. Therefore, the recent sell-off in EV stocks might represent a golden buying opportunity for va ...