CHPT - Where Will ChargePoint Stock Be in 3 Years?
2024-05-22 05:45:00 ET
ChargePoint (NYSE: CHPT) went public by merging with a special purpose acquisition company (SPAC) three years ago. At the time, the leading builder of electric vehicle (EV) charging stations impressed investors with its explosive growth rates.
Yet ChargePoint's stock has lost more than 90% of its value since its public debut. It ran out of juice as its growth cooled off; it racked up steep losses; and rising rates compressed its valuations. The abrupt departures of its CEO and CFO last November raised even more red flags . But could this out-of-favor stock recover over the next three years?
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Where Will ChargePoint Stock Be in 3 Years?