3 Things You Need to Know If You Buy ChargePoint Today

ChargePoint (NYSE: CHPT) is at the forefront of the electric vehicle (EV) transition. It acts as something of a "picks and shovels" company, providing the charging locations that EV drivers use to keep their cars juiced up. If you're considering an investment, thinking that you want to get in on what amounts to a new type of fueling station, step back for a moment and consider these three facts.

Over the past couple of weeks, ChargePoint shares have risen sharply. There's no company-specific news to point to for the move, but EV maker Tesla (NASDAQ: TSLA) reduced staff in its own charging network. That has some considering the possibility that the EV giant is planning to let other companies like ChargePoint build out the infrastructure needed to keep EVs rolling.

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Source Fool.com