ChargePoint's Management Is Too Optimistic About The Future
CHPTChargePoint(CHPT) Seeking Alpha·2024-06-10 21:16

Michael Vi ChargePoint Holdings, Inc. (NYSE:CHPT) reported a relatively lackluster Q1 ’25 earnings release, with 3 sequential quarters of revenue decline in total sales deriving from headwinds in their networked charging systems. On the back of waning consumer interest in electric vehicles, commercial sales appear to be falling off as customers defer purchases to later time periods, with verbiage targeted at infrastructure and construction headwinds. Though management remains optimistic about turning around ...