Renewable energy stocks are dropping Tuesday after the Bureau of Labor Statistics reported inflation data for January 2024. The Consumer Price Index (CPI) was up 0.3% from a month earlier and 3.1% from a year earlier, which was above the 2.9% increase analysts expected. Investors have been watching the CPI for indications about what the Federal Reserve will do with interest rates and the expectation is that higher inflation will lead to higher interest rates in the future.The reaction was swift today with N ...

Electric vehicle (EV) stocks were stop-and-start on Monday, with some pulling ahead and others lagging behind. More consistent gains were found in the adjacent EV battery and charging segments, with top titles generally beating the market on the week's first trading day.ChargePoint (CHPT 5.58%) did particularly well, rising by nearly 6%, while power pack developers QuantumScape (QS 4.65%) and Freyr Battery (FREY 3.80%) closed the day a respective 4.6% and 3.8% higher.A new EV discount and a low-priced Chevy ...

The electric vehicle (EV) market is probably headed toward a slump in 2024. During Tesla’s (NASDAQ:TSLA) Q4 earnings call, CEO Elon Musk warned the famed EV maker could experience slower growth in 2024. Musk’s warning probably be heeded by a number of other EV players. Interest rates remain elevated, and the Federal Reserve does not want to be hasty about cutting them either. The economy, although performing better than expected if you look at published economic metrics, is still in the midst of a slowdown. ...

While 2023 was the year of the Magnificent Seven, the seven outperforming stocks in this article are likely to be winners that will surge past the broader indices, such as the S&P 500 and the Nasdaq. The reason is that these companies trade at low valuations and have robust outlooks for this year and beyond. Investors should position their portfolios accordingly, with outperforming stocks, such as:Twist Bioscience (TWST)Source: dhvstockphoto / Shutterstock.comOne of the top outperforming stocks to consider ...

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 -5.2% over the past month versus the Zacks S&P 500 composite's +5.6% change. The Zacks Automotive - Original Equipment industry, to which ChargePoint Holdings, Inc. belongs, has gained 3.4% over this period. Now the key question is: Where could the ...

Electric vehicle (EV) stocks were falling broadly in January as a number of different news items weighed on the sector.Those included fears that interest rates wouldn't fall as fast as investors were expecting this year, a weak report from Tesla as well as price cuts from the EV leader, and continuing evidence of slowing demand growth for EVs.Additionally, stocks like ChargePoint (CHPT 7.89%), Lucid Group (LCID 1.18%), and Fisker (FSR -3.98%) offered company-specific news that showed ongoing weakness. Accor ...

Many of yesterday’s meme stocks are today’s forgotten remnants collecting dust at the bottom of your portfolio, hopes of a multi-bagger long past abandoned. It’s only a loss if you sell, right?Let’s be real. Tons of top meme stocks—WeWork, Smile Direct Club, Bed Bath & Beyond—are delisted, with a handful of stragglers earning penny stock status as they cling on to the thinnest air of legitimacy.But all isn’t lost for a handful of meme stocks. Although the past few years’ worth of economic tightening courtes ...

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. ...