CHPT - ChargePoint: Is This EV Charging Stock A Buy Near All-Time Lows?
2024-01-23 12:00:48 ET
Summary
- Last September, I was forced to downgrade ChargePoint to a sell rating amid the widening gap between investor expectations and reality.
- Today, there is a lot of pessimism surrounding ChargePoint and bulls have been backed into a corner. This reminds me of Benjamin Graham's advise to buy from pessimists.
- I looked at EV market trends, ChargePoint's competitive positioning, the current valuation, and the company's fundamentals to validate my sell rating, which I will share with readers in this article.
ChargePoint: Is This EV Charging Stock A Buy Near All-Time Lows?The intelligent investor is a realist who sells to optimists and buys from pessimists - Benjamin Graham