CHPT - ChargePoint: Navigating Challenges Both From The Industry And Its Own Operations
2024-04-12 14:08:08 ET
Summary
- ChargePoint's thesis of investing in the growing EV market and under-supply of charging infrastructure is fading.
- EV sales are slowing down, car makers' EV plans are halting, and competition is increasing.
- ChargePoint's lack of profitability and cash flow, on top of the unfavorable market conditions, make it a strong sell.
In the past few years, the thesis of investing in ChargePoint ( CHPT ) is clear - a growing EV market, the under-supply of charging infrastructure, the lack of competitions that gives the company the edge, the asset-light business model, and so on....
ChargePoint: Navigating Challenges Both From The Industry And Its Own Operations