Revenue Miss, Disappointing Forecast Drags ChargePoint Stock

ChargePoint Holdings Inc (NYSE:CHPT) stock is sliding today, after the electric vehicle (EV) charging name posted a fourth-quarter revenue miss and disappointing current-quarter revenue forecast. RBC downgraded the shares to "sector perform" from "outperform" after the event, while Needham cut its price target to $3 from $4. At last glance, CHPT was down 8% at $1.83, nearing its Jan. 19 record low of $1.56. The security slipped into penny stock territory for the first time this past September, down 82% sinc ...