From Nasdaq: 2025-04-12 04:14:00

ChargePoint (NYSE: CHPT) has struggled since its 2021 debut amid changing EV landscape. Stock price hit low due to automakers scaling back EV plans and less political support. With 15,454 locations and 48,946 charging ports, ChargePoint faces competition from Tesla’s 5,872 locations and 12,412 ports.

Despite tailwinds for EVs, ChargePoint faced challenges with slower EV adoption and revenue decline. Competition from Tesla and political environment add to the pressure. Trump administration’s halt on $5 billion NEVI program further clouds ChargePoint’s future. Investors should be cautious about investing in ChargePoint at this time.

ChargePoint’s financials show a $100.6 million gross profit but a $253 million loss from operations. With $225 million in cash and a burn rate, ChargePoint may need to raise more funds. Shares have increased by 43% since going public, diluting shareholders. Company must cut expenses and show progress in tough market to attract investors.

Considerations before investing in ChargePoint: company faces significant headwinds with less support for EVs, high operational expenses, and slowing revenue growth. The Motley Fool Stock Advisor team did not include ChargePoint in their top 10 stock picks. Investors are advised to look at other opportunities with potential for higher returns.



Read more at Nasdaq: Should You Buy ChargePoint While It’s Below $0.70?