Is ChargePoint Stock Headed to $1 After Revenue Warning Sinks Shares?
CHPTChargePoint(CHPT) The Motley Fool·2024-09-10 08:25

Or can the stock rebound?The past year has not been a good one for ChargePoint (CHPT -2.29%) and it only got worse after the electric vehicle (EV) charging solutions company reported weak fiscal second-quarter results and moved back its profitability forecast.With things looking dour for the company, let's take a closer look at its results and see if the stock is heading to $1 or if a rebound is in sight.Declining revenueDeclining revenue has been a big issue for ChargePoint recently, with the company seein ...