Despite some bumps in the road, the electric vehicle (EV) revolution hasn't stopped in 2024. ChargePoint (NYSE:CHPT) continues to grow and provide powerful EV charging equipment in the U.S. and elsewhere. In the long run, ChargePoint will prevail against the skeptics and short sellers, and its stock could jolt up to four dollars, five dollars or even higher. I've already made the case that ChargePoint's financials, while not perfect, are improving in key areas. It's undeniable that some investors are worrie ...

It is evident that the electric vehicle (EV) industry has massive potential for long-term growth and sustainability, which makes these EV stocks a solid investment. In fact, there are more non-lucrative EV stocks than lucrative ones. This year, EV stocks experienced a massive price correction in the stock market, which segregated the profitable ones from the rest. ChargePoint (CHPT) ChargePoint (NYSE:CHPT) is an EV infrastructure company based in Campbell, California. It operates the world's largest online ...

It is the leading provider of electric vehicle charging infrastructure but faces declining sales as demand for battery EVs gives way to consumer preference for hybrids. A public charging network is less critical if you can use gas to where you want to get to and charge up later. ChargePoint stock reflects the decline, down 71% over the past year. Lucid Group (NASDAQ:LCID), for example, reported a 70% increase year-over-year, Tesla (NASDAQ:TSLA) deliveries beat analyst expectations and Rivian Automotive (NAS ...

On the date of publication, Samuel O'Brient did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. After struggling throughout the past month, ChargePoint (NYSE:CHPT) stock is closing out this week in the green. The electric vehicle (EV) charging company once held leader status in its sector. But throughout the past year, CHPT stock has dipp ...

The financial market abandoned electric vehicle charging equipment specialist ChargePoint (NYSE:CHPT) during this year's first half, but the story isn't finished yet. Indeed, I wouldn't be surprised if ChargePoint stock surges this year and eventually escapes from Penny Stock Land (i.e., breaks above the $5 penny-stock threshold). How did the ChargePoint share price get so far below $5 in the first place? Maybe investors are worried about EV demand. They may also be concerned that high interest rates will t ...

The quick answer is no, it is not too late to buy ChargePoint. But it might just be too early for all but the most aggressive investors. ChargePoint Holdings (CHPT -4.84%) is working to replace the gas station as it builds out a network of electric vehicle (EV) charging stations. As the world shifts from combustion engines to EVs, it is going to need companies like ChargePoint. But you aren't too late to jump aboard this upstart, though you might want to tread with extra caution if you are considering buyin ...

A conscious shift towards the adoption of sustainable electric vehicle technology has been a boon for the best EV charging stocks on the market. The commitment to encouraging the use of more 'clean cars' has led to significant increase in the presence of EV charging stations. This has served as a major tailwind for companies responsible for the deployment of these stations. Source: Michael Vi / Shutterstock.com Nevertheless, as macroeconomic conditions in the market improve, CHPT is one of the best EV charg ...

A Near-Perfect Setup for ChargePoint's Core Business On a technical note, CHPT stock is even more enticing because of its severe volatility in the prior day's session. However, Rivian's big news item may help provide a lifeline for the EV charging specialist. As for price targets, CHPT stock previously enjoyed support at $2. Therefore, I would expect the bulls to attempt to drive shares back to this point. Speculators could enjoy a very handsome return if this materializes. At this moment, I'm not a big fan ...

I continue to believe that the electric vehicle industry will grow in the long term. Of course, investors need to moderate their growth expectations and the markets are already discounting that factor. Therefore, the correction in EV stocks is a good opportunity to accumulate quality names. Having said that, there are more EV stocks to avoid than EV stocks to buy. I would therefore remain very cautious in the stock selection process. It's interesting to note that the markets are already segregating the pote ...

The stock market continues to climb. But in this case, a rising tide isn't necessarily lifting all boats. Traders are looking to penny stocks for big upside, particularly as the rest of the market has already rocketed higher. But there is little reason for hope for these seven penny stocks to sell. These struggling companies are in sorry condition, and investors should get their cash out of these stocks before it's too late. Source: Stephanie L Sanchez / Shutterstock.com Since then, Nikola pivoted the busin ...