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 valu ...

In the latest market close, ChargePoint Holdings, Inc. (CHPT) reached $1.27, with a +0.79% movement compared to the previous day. This change lagged the S&P 500's 1.02% gain on the day. At the same time, the Dow added 0.4%, and the tech-heavy Nasdaq gained 2.03%.Shares of the company witnessed a loss of 33.68% over the previous month, trailing the performance of the Auto-Tires-Trucks sector with its loss of 6.37% and the S&P 500's loss of 3.15%.Analysts and investors alike will be keeping a close eye on the ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

The stock is in freefall and may not recover.ChargePoint's (CHPT -2.21%) has hit another all-time low today and shares don't seem to have any way to recover. In this video, Travis Hoium covers the fundamental problem with ChargePoint's operations and why options are running out.*Stock prices used were end-of-day prices of April 19, 2024. The video was published on April 22, 2024. ...

The penny stock sector, characterized by its volatility, often undergoes rapid surges and declines due to factors like low volume, cheap pricing, and operational dynamics. Still, for well-informed investors, certain penny stocks present opportunities to achieve substantial gains at low costs. This backdrop forms my list of penny stocks to buy now.Recent trends indicate a high probability of consecutive rate cuts in 2024, and lower rates tend to kickstart boom cycles for penny stocks. With rates projected to ...

EV charging stocks are not doing well this year. EVGo stock price has crashed by over 42% in 2024 while ChargePoint is down by 29.4%. Blink Charging, another big player in the industry, has tumbled by 24.1% this year.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.EV Charging companies should be thriving now that the number of electric vehicle companies in the United States has continued rising. A recent report established that the number of EVs sold ...

A March 2024 article on CNBC suggested the EV euphoria is dead. This view was backed by the fact that automakers have been scaling back on their EV expansion plans. Undoubtedly, the industry is suffering from factors that include competition, macroeconomic headwinds, and slower adoption by consumers. However, it’s too early to believe it’s the end of the road for EVs.In the coming years, the industry will see consolidation and the potential failure of multiple EV companies. The ones that survive will emerge ...

ChargePoint Holdings, Inc. (CHPT) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this company have returned -12.1% over the past month versus the Zacks S&P 500 composite's +2.2% change. The Zacks Automotive - Original Equipment industry, to which ChargePoint belongs, has gained 4.9% over this period. Now the key question is: Where could the stock be head ...

Table of Content UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ___________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 001-39004 ___________________________________ ChargePoint Holdings, ...

It was another wild week for electric vehicle (EV) stocks as the market swung between fear and greed. Automakers are still struggling with weak demand and falling margins, but some suppliers are seeing a brighter future as interest rates decline.Li Auto (LI -3.27%) was the big loser this week, falling as much as 19.6%, according to data provided by S&P Global Market Intelligence, and closing the week down 19.2%. But not everything was down as Solid Power (SLDP -1.27%) shares jumped as much as 17.4% and Char ...