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3 Sorry Green Energy Stocks to Sell in May While You Still Can
investorplace.com· 2024-05-28 20:30
The past few years brought a great deal of excitement for green energy stocks and the renewable energy space overall. A flood of government investments and subsidies in the sector helped build investor interest. Meanwhile overseas disruptions, such as Russia's invasion of Ukraine, placed traditional fossil fuel power sources at risk. That helped further prioritize green power solutions. However, that momentum has now gone into reverse. Green power stocks have slumped over the past 18 months as government su ...
3 Sorry Growth Stocks to Sell in May While You Still Can
investorplace.com· 2024-05-28 10:19
Growth stocks have captivated investors' minds for many years. Some stocks have soared 1,000% over the past five years. The few growth stocks that reach that level of success have accumulated generational returns for their early investors. However, not every growth stock follows that script. Many growth stocks have lofty valuations due to the high expectations and significant risks. While pressure can create diamonds, it can also shatter companies. Some growth stocks aren't poised to deliver promising retur ...
2 Electric Vehicle (EV) Stocks to Buy Hand Over Fist and 1 to Avoid
fool.com· 2024-05-23 09:13
Rivian and ChargePoint are still worth buying, but Lucid is too risky to touch. The electric vehicle (EV) market has gone through some wild swings over the past few years. Dozens of EV- related companies went public during the buying frenzy in growth and meme stocks in 2020 and 2021, but many of those stocks burned out in 2022 and 2023 as rising interest rates popped the speculative bubble. Many investors might want to shun all EV stocks after that wipeout, but there are still plenty of beaten-down plays th ...
The Growth Stock Shuffle: 2 to Ditch and 1 to Own
investorplace.com· 2024-05-22 16:42
Judging which growth stocks are good long-term bets is trickier than you might expect. These fast-moving businesses can be hard to forecast, and changes in their broader industries could quickly lift up (or sink) these growth names in short order. However, there is one metric you need to keep in mind above all else: profitability. This is by far the most important factor, a lesson I've learned the hard way. Investors should avoid scooping up growth stocks that are far from achieving profitability and don't ...
Where Will ChargePoint Stock Be in 3 Years?
fool.com· 2024-05-22 09:45
The EV charging network builder has a lot to prove this year. ChargePoint (CHPT -1.70%) went public by merging with a special purpose acquisition company (SPAC) three years ago. At the time, the leading builder of electric vehicle (EV) charging stations impressed investors with its explosive growth rates. It's easy to see why the bulls abandoned ChargePoint: Its business won't recover anytime soon, and it expects its revenue to decline 19% year over year in the first quarter of fiscal 2025 as the EV market' ...
3 Things You Need to Know If You Buy ChargePoint Today
fool.com· 2024-05-20 05:09
ChargePoint operates a portfolio of EV charging locations, which hasn't been as good a business as you might expect lately. ChargePoint (CHPT 2.69%) is at the forefront of the electric vehicle (EV) transition. It acts as something of a "picks and shovels" company, providing the charging locations that EV drivers use to keep their cars juiced up. If you're considering an investment, thinking that you want to get in on what amounts to a new type of fueling station, step back for a moment and consider these th ...
Why Rivian, Lucid, and ChargePoint Stocks Exploded Higher on Monday
The Motley Fool· 2024-05-13 15:27
China has only a toehold in the U.S. electric vehicle market, and this toe may now get squashed. The trading week for electric vehicle (EV) stocks started off explosively as shares of Rivian Automotive (RIVN 10.41%), Lucid Motors (LCID 6.58%), and ChargePoint Holdings (CHPT 11.77%) all moved higher Monday. Thanks for this go to the Biden administration, which is preparing to quadruple tariffs on Chinese electric cars imported into the U.S. As of 10:50 a.m. ET, shares of electric carmakers Rivian and Lucid a ...
Dump These 3 Dimming EV Stocks Before It's Too Late
InvestorPlace· 2024-05-12 11:20
When high-flying stocks plunge by 50% or more, there is always a temptation to consider exposure at oversold levels. There are cases of a strong rally after a big sell-off on the back of a short-squeeze or improvement in company fundamentals. However, it’s not necessarily true in all cases of big corrections. This overview is important, as I discuss EV stocks to sell in this column.With factors of competition, macroeconomic headwinds, cash burn and slow EV adoption, several EV stocks have plunged. While som ...
ChargePoint Holdings, Inc. (CHPT) Stock Drops Despite Market Gains: Important Facts to Note
Zacks Investment Research· 2024-05-07 23:16
ChargePoint Holdings, Inc. (CHPT) closed the most recent trading day at $1.76, moving -1.12% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.13%. At the same time, the Dow added 0.08%, and the tech-heavy Nasdaq lost 0.1%.The the stock of company has fallen by 3.78% in the past month, lagging the Auto-Tires-Trucks sector's gain of 1.22% and the S&P 500's loss of 0.35%.The investment community will be paying close attention to the earnings performance of Cha ...
Should You Buy ChargePoint While More Money Is Going Out Than Coming In?
The Motley Fool· 2024-05-05 18:35
Like so many "good ideas", ChargePoint has a long way to go before it has built a sustainable business.ChargePoint (CHPT 9.21%) does something very important: It installs and provides services for electric vehicle (EV) charging sites. These are necessities if the world is going to shift from combustion engines to EVs. But there's one problem for investors: The company isn't profitable.Is now the time to buy ChargePoint while it remains in the red?ChargePoint has lots of pointsChargePoint has roughly 286,000 ...