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The Road Less Traveled: 3 Stocks to Sell as the Electric Vehicle Market Stalls
InvestorPlace· 2024-01-24 13:25
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 ...
Financial Statement Series: ChargePoint Stock Analysis
The Motley Fool· 2024-01-23 18:42
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. ...
3 Electric Vehicle Stocks to Sell as the Competition Heats Up in 2024
InvestorPlace· 2024-01-22 21:52
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 ...
Why (Most) EV Stocks Had a Phenomenal Day Today
The Motley Fool· 2024-01-22 20:22
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 ...
ChargePoint Becomes One of the First EV Charging Providers to Receive FedRAMP Approval for the Implementation of Federal EV Charging Infrastructure
Businesswire· 2024-01-19 19:45
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 ...
Why ChargePoint Stock Plunged to a 52-Week Low This Week
The Motley Fool· 2024-01-19 17:05
ChargePoint Holdings (CHPT -5.15%) stock made a solid comeback in December, but it's failing miserably to hold up this year so far. Shares of the electric vehicle (EV) charging infrastructure company plunged to a 52-week low this week and were trading 13% lower as of 10:40 a.m. ET Friday this week alone, according to data provided by S&P Global Market Intelligence. The EV charging stock is now down almost 30% year to date.With short interest as a percentage of float in ChargePoint stock rising further this ...
7 EV Stocks to Buy as the Sector Races for a Recovery
InvestorPlace· 2024-01-17 16:44
While seemingly everyone was talking about the electrification of mobility, a forced pit stop might yield a more favorable entry point for EV stocks to buy. Though electric vehicles are likely the future, the sector suffered a setback as the combination of sharply accelerating inflation and rising borrowing costs took their toll on consumers.At the end of 2022, the average price of an EV stood at $61,488. With interest rates soaring, consumers outside affluent income categories simply couldn’t afford to go ...
CHPT INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that ChargePoint Holdings, Inc. Investors with Substantial Losses Have Opportunity to Lead Case
Newsfilter· 2024-01-14 20:55
SAN DIEGO, Jan. 14, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of ChargePoint Holdings, Inc. (NYSE:CHPT) securities between June 1, 2023 and November 16, 2023, inclusive (the "Class Period"), have until January 29, 2024 to seek appointment as lead plaintiff of the ChargePoint class action lawsuit. Captioned Khan v. ChargePoint Holdings, Inc., No. 23-cv-06172 (N.D. Cal.), the ChargePoint class action lawsuit charges ChargePoint as well as certain of its t ...
Is ChargePoint Stock a Buy?
The Motley Fool· 2024-01-13 10:44
From the company's recent 10-Q filing with the SEC, "ChargePoint generates revenue primarily through the sale of Networked Charging Systems, Cloud Services and extended parts and labor warranties." This does not include ChargePoint as a Service (CPaaS), which generates recurring revenue. In the third quarter of 2023, $73.9 million of the company's $110.3 million in revenue was from networked charging systems while just $30.6 million was from subscriptions.This is still, primarily, a company that sells charg ...
Why ChargePoint Holdings Stock Dropped 9.9% This Week
The Motley Fool· 2024-01-11 23:24
Shares of ChargePoint Holdings (CHPT 3.61%) were down 9.9% this week as of Thursday's close, according to data provided by S&P Global Market Intelligence, after the company announced a significant reorganization.ChargePoint's new CEO is taking the initiativeChargePoint stock only just rallied 26% in December 2023, rebounding from a disastrous November after the electric vehicle charging network provider abruptly lost both its CEO and chief financial officer.In a press release on Wednesday morning, the newly ...