Q1's Rising Stars: 3 EV Charging Stocks for Your Must-Watch List
EVgo (EVGO) InvestorPlace·2024-01-13 22:00
In 2023, EV charging stocks had difficulty, led by ChargePoint (NYSE:CHPT) which lost more than 75% of its value. ChargePoint saw its revenues fall by 12% during the most recent quarter with losses nearly doubling. Combine that with greater troubles across the EV sector, and it’s easy to understand the reason it fell dramatically.Regardless, the EV charging sector is bigger than ChargePoint alone. The necessity of building out EV infrastructure remains. Currently, the sector is experiencing a common phase t ...