ChargePoint Stock Is the Hidden Gem in the EV Sector's Turnaround
ChargePoint(CHPT) Investor Place·2024-07-18 10:10
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 ...