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Is ChargePoint Stock Headed to $1 After Revenue Warning Sinks Shares?

TheMotleyFool

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Is ChargePoint Stock Headed to $1 After Revenue Warning Sinks Shares?: https://g.foolcdn.com/editorial/images/789990/gettyimages-1348349243.jpg

The past year has not been a good one for ChargePoint (NYSE: CHPT) and it only got worse after the electric vehicle (EV) charging solutions company reported weak fiscal second-quarter results and moved back its profitability forecast.

With things looking dour for the company, let's take a closer look at its results and see if the stock is heading to $1 or if a rebound is in sight.

Declining revenue has been a big issue for ChargePoint recently, with the company seeing sizable revenue declines the past four quarters.

Source Fool.com

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