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CHPT - ChargePoint's Downside Risk Isn't In The Rearview Mirror Yet
ChargePoint Holdings Inc Cl A
2024-01-23 10:50:28 ET
Summary
ChargePoint appointed a new CEO to turn the company around and achieve positive aEBITDA in Q4'24.
I do not believe the industry can survive standalone and must be acquired either by a utility or a fueling station operator, similar to NewMotion and Greenlots.
ChargePoint is faced with challenges in the commercial market and waning growth by consumers for electric vehicles.