1 Wall Street Analyst Thinks ChargePoint Is Going to $2. Is It a Buy Around $1.30?
CHPTChargePoint(CHPT) The Motley Fool·2024-09-09 20:55

The charging network operator tumbled on its recent earnings report. Can the stock bounce back?ChargePoint (CHPT -5.75%) has long been struggling with a weakening electric vehicle (EV) market, and the charging network operator just dove on its latest earnings report.Revenue fell 28% to 108.5millionforthesecondquarteroffiscal2025,endedJuly31,witha44108.5 million for the second quarter of fiscal 2025, ended July 31, with a 44% decline in its networked charging systems segment to 64.1 million. However, its subscription revenue business rose 21% to $36.2 million. ChargeP ...