Why ChargePoint Stock Surged 26% in December, but Could Fall Back
CHPTChargePoint(CHPT) The Motley Fool·2024-01-10 03:28

ChargePoint Holdings' (CHPT -1.12%) CEO and CFO abruptly quit in November 2023, and the company projected weak numbers for its third quarter. These announcements dealt a huge blow to investors' confidence and sent shares of the electric vehicle (EV) charging infrastructure company crashing. The last month of 2023, therefore, surprised many when ChargePoint stock rebounded and surged 25.8%, according to data provided by S&P Global Market Intelligence. It turns out that the company's new management is trying ...