Is ChargePoint a Stock to Buy and Hold Forever? Here's Why It Could Be.

Industry Overview - Electric vehicle (EV) sales in the United States reached a record high in Q4 2024, with major automakers and start-ups participating in the market [1] - EV sales have grown from low single digits in 2014 to over 20% of new vehicle sales in 2024, driven by global efforts to reduce harmful emissions [2] Company Focus - ChargePoint is building a charging ecosystem to support the growing number of EVs, targeting a wide range of customers including private residences, road users, and fleet operations [2] - As of January 2025, ChargePoint had 342,000 charging ports across the U.S. and Europe, indicating a substantial network [3] Financial Performance - ChargePoint is focused on improving profitability, with operating expenses as a percentage of revenue decreasing by 18 percentage points year-over-year in Q4 of fiscal 2025 [3] - The company's gross margin increased by 9 percentage points, reflecting positive financial trends [3] Future Outlook - ChargePoint's growth aligns with the expanding EV industry, and achieving profitability could enhance its value as a sustainable business [4]