ChargePoint Holdings Inc (NYSE:CHPT), Norfolk Southern Corp (NSE:NSC), Peloton Interactive Inc (NASDAQ:PTON) are all staging large swings today. Peloton stock is making the most noise, last seen 22.7% lower at $4.30 after a mixed fiscal second-quarter report. While the fitness equipment maker's revenue came in well above forecasts, its adjusted losses were a penny below expectations. What's really weighing on PTON, however, is the company's forecast for a much weaker-than-expected current quarter.Options tr ...

ChargePoint (NYSE:CHPT) stock is getting a boost on Thursday after TD Cowen analysts increased their price target for the electric vehicle (EV) charging network company’s shares.This saw TD Cowen analyst Gabe Daoud Jr. increase the firm’s price target for CHPT stock from $3 per share to $4 per share. That’s a potential 110% upside from its prior closing price. However, it’s still below the analysts’ consensus price prediction of $7.23 per share.TD Cowen continues to maintain its “outperform” rating for Char ...

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. ...

ChargePoint Holdings, Inc. (CHPT) closed at $1.94 in the latest trading session, marking a -1.02% move from the prior day. This move lagged the S&P 500's daily loss of 0.07%. At the same time, the Dow added 0.16%, and the tech-heavy Nasdaq lost 0.36%.The the stock of company has fallen by 19.01% in the past month, lagging the Auto-Tires-Trucks sector's loss of 12.12% and the S&P 500's gain of 3.05%.Investors will be eagerly watching for the performance of ChargePoint Holdings, Inc. in its upcoming earnings ...

As the market shakes out, it’s time to consider which EV stocks to avoid. It’s no secret that 2023 was an incredibly tough year for the electric vehicle industry. The industry is going through growing pains that have caused material demand issues that continue to reverberate throughout.That truth is reflected perhaps nowhere better than in prices for battery grade lithium carbonate. In 2023 the price for a ton of such lithium fell to approximately $41,000. In 2023, that same ton of battery-grade lithium car ...

Investors don’t have to dive far into the EV market outlook for evidence that electric vehicle stocks are in trouble. Headlines like this one from Bloomberg quickly indicate that the sector is in ‘shambles.’Tesla (NASDAQ:TSLA) – the market leader – has seen its share prices drop to levels that it hasn’t tested for two months. It’s been a particularly rough start to the year for Elon Musk’s company, a barometer for the overall market.It’s unsurprising that the rest of the EV market is also suffering. That do ...

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. ...

As governments globally endorse and incentivise the adoption of electric vehicles, there is some big money to be made in the industry. Therefore, it’s not surprising that dozens of new companies have emerged globally with focus on EVs. Further, established traditional automakers are making big investments to accelerate the portfolio shift towards electric vehicles. So, as competition intensifies, investors need to remain cautious. Not all EV companies will survive and flourish. EV stocks to sell represent c ...

Despite plenty of positive headlines, many electric vehicle companies are struggling to make vehicles at scale and survive in 2024. One of the companies in survival mode is Fisker, which announced Monday that it had reached an agreement with its debtholders to reduce debt in exchange for equity in the company. This may seem like a small victory, but it does show that investors are still willing to give companies a runway to go after a slice of the EV market.The reaction among investors in other players else ...

CAMPBELL, Calif.--(BUSINESS WIRE)--ChargePoint (NYSE: CHPT), a leading provider of networked solutions for charging electric vehicles (EVs), today announced it is has become one of the first providers of EV charging solutions to receive Federal Risk and Authorization Management Program (FedRAMP) approval from the United States Federal Government. ChargePoint cloud software products now meet all FedRAMP requirements and will be included in the FedRAMP marketplace in the coming weeks. These requirements in ...