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Here's Why ChargePoint Stock Is Flying Double Digits Today

TheMotleyFool

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Here's Why ChargePoint Stock Is Flying Double Digits Today: https://g.foolcdn.com/editorial/images/698844/chargepoint-ev-charging-for-multi-family.jpg

ChargePoint Holdings (NYSE: CHPT) stock popped Wednesday and was up a solid 15.4% as of 10:20 a.m. ET. The electric vehicle (EV) charging stock made a high of 16.9% in early morning trade as the market lapped up ChargePoint's second-quarter numbers, which were declared on Tuesday after market close.

ChargePoint crushed Wall Street estimates yet again, and the market didn't fail to notice an improvement in one important metric that spooked investors when the company reported its first-quarter numbers three months ago.

Above all, ChargePoint's outlook is as good as it can get.

Source Fool.com

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