ChargePoint Stock Is the Hidden Gem in the EV Sector's Turnaround
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 ...