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 ...

"We passionately believe in choice, and as a result we are constantly looking for opportunities to enhance our customer experience and expand charging options," said Timo Resch, President and CEO of PCNA, "this is a significant step in that direction, and well-timed as we look forward to the arrival of both the new Taycan arriving at Porsche Centers this summer but also the all-new Macan Electric later this year." "ChargePoint is honored to help Porsche provide their drivers with a charging experience that ...

This new partnership bolsters the existing integration with Electrify Canada, allowing both Porsche EV and PHEV customers to find, use and pay at ChargePoint and roaming partner charging stations via the My Porsche app. The additional charging stations will become available in Q4 2024. In late 2023, Porsche announced the planned implementation of the North American Charging Standard (NACS) charging port for future products in the North American region. In addition, the company is exploring adapter solutions ...

Lower inflation plus lower interest rates plus high short interest is making three renewable energy stocks winners ... for now. That means inflation is going down (for now), and it means momentum stocks are going up (for now). Through 1 p.m. ET today, shares of SunPower (SPWR 1.83%) are up 1.1%, ChargePoint Holdings (CHPT 2.51%) gained 2.5%, and Sunnova Energy International (NOVA 11.84%) raced ahead with a 10.8% increase. What do a residential solar-power company, an electric-car charging company, and a dis ...

However, some type of catalyst is needed from a business perspective to support a big rally. Truly, stocks will disappoint during the next meme frenzy. This column discusses three meme stocks to avoid as they represent businesses with weak fundamentals coupled with absence of any positive catalysts from a business growth perspective. Let's talk about the reasons that make these meme stocks unattractive. Source: shutterstock.com/EchoVisuals GameStop holds $1.1 billion in cash as of Q1. However, that's unlike ...

ChargePoint's (CHPT -1.11%) stock hit a record high of $46.10 on Dec. 24, 2020. At the time, investors were dazzled by the electric vehicle (EV) charging network builder's explosive growth rates. But today, its shares trade at less than $2. ChargePoint's stock plummeted as the EV market cooled off, it faced more challengers, it racked up more losses, and rising interest rates compressed its valuation. ChargePoint is the top builder of EV charging stations in North America and Europe, with over a million cha ...