The EV charging business isn't what investors thought it would be. Chargepoint (CHPT -0.57%) is facing pressure on multiple fronts as electric vehicle (EV) sales growth slows and the company continues to burn cash. In this video, Travis Hoium shows why Chargepoint needs to turn its business around sooner rather than later. *Stock prices used were end-of-day prices of Aug. 12, 2024. The video was published on Aug. 12, 2024. ...

The recent carry trade scare sent Japanese stocks into a tailspin, and the contagion spread to other markets faster than a juicy rumor in a high school cafeteria. Even stocks that were already in correction mode got hammered even harder. Some analysts warn that the carry trade debacle could just be the tip of the iceberg for stocks to sell. As if that wasn't enough to give investors heartburn, the macro picture also looks pretty grim. All the usual recession red flags are waving – the inverted yield curve, ...

ChargePoint Holdings (NYSE:CHPT) is back in the green today on important news. After a volatile month, the electric vehicle (EV) charging company has reported a key catalyst that could revolutionize EV infrastructure. Its new "Omni Port" device is exactly what it sounds like. Essentially, it combines "multiple charging plugs into one single port," ensuring that almost any EV driver will be able to charge their vehicle at any ChargePoint charging space. CHPT stock has been rising steadily all day, making it ...

Global EV sales momentum may have slowed down, but investors have high hopes for ChargePoint. ChargePoint Holdings (CHPT 9.75%) shares made a dramatic comeback in July and surged a whopping 43.7%, according to data provided by S&P Global Market Intelligence. That's a huge rebound for a stock that lost one-third of its value in the first half of 2024. The electric vehicle (EV) charging infrastructure company was hitting the headlines for all the wrong reasons in recent months, including dwindling sales and m ...

ChargePoint's stock price has absolutely spiraled lower over the past three years, but a change in strategy could reverse its course. Investors initially bought into the hype surrounding ChargePoint (CHPT -3.52%) and other charging infrastructure companies. It was a logical direction with the electric vehicle (EV) industry poised to boom in the coming years. In fact, some of the biggest concerns facing potential EV customers are range anxiety and charging infrastructure availability, problems ChargePoint ca ...

Despite some bumps in the road, the electric vehicle (EV) revolution hasn't stopped in 2024. ChargePoint (NYSE:CHPT) continues to grow and provide powerful EV charging equipment in the U.S. and elsewhere. In the long run, ChargePoint will prevail against the skeptics and short sellers, and its stock could jolt up to four dollars, five dollars or even higher. I've already made the case that ChargePoint's financials, while not perfect, are improving in key areas. It's undeniable that some investors are worrie ...

It is evident that the electric vehicle (EV) industry has massive potential for long-term growth and sustainability, which makes these EV stocks a solid investment. In fact, there are more non-lucrative EV stocks than lucrative ones. This year, EV stocks experienced a massive price correction in the stock market, which segregated the profitable ones from the rest. ChargePoint (CHPT) ChargePoint (NYSE:CHPT) is an EV infrastructure company based in Campbell, California. It operates the world's largest online ...

It is the leading provider of electric vehicle charging infrastructure but faces declining sales as demand for battery EVs gives way to consumer preference for hybrids. A public charging network is less critical if you can use gas to where you want to get to and charge up later. ChargePoint stock reflects the decline, down 71% over the past year. Lucid Group (NASDAQ:LCID), for example, reported a 70% increase year-over-year, Tesla (NASDAQ:TSLA) deliveries beat analyst expectations and Rivian Automotive (NAS ...

On the date of publication, Samuel O'Brient did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. After struggling throughout the past month, ChargePoint (NYSE:CHPT) stock is closing out this week in the green. The electric vehicle (EV) charging company once held leader status in its sector. But throughout the past year, CHPT stock has dipp ...

The financial market abandoned electric vehicle charging equipment specialist ChargePoint (NYSE:CHPT) during this year's first half, but the story isn't finished yet. Indeed, I wouldn't be surprised if ChargePoint stock surges this year and eventually escapes from Penny Stock Land (i.e., breaks above the $5 penny-stock threshold). How did the ChargePoint share price get so far below $5 in the first place? Maybe investors are worried about EV demand. They may also be concerned that high interest rates will t ...