Is It Time to Give Up on ChargePoint Stock?
ChargePoint (NYSE: CHPT), the leading builder of electric-vehicle (EV) charging stations in North America and Europe, posted its latest earnings report on Sept. 4. For the second quarter of fiscal 2025, which ended on July 31, the company's revenue declined 28% year over year to $108.5 million and missed analysts' estimates by $4.5 million. However, it still narrowed its net loss from $125.3 million to $68.9 million, or $0.16 per share, which matched the consensus forecast.
ChargePoint's numbers didn't please investors, and the company's stock slumped to an all-time low. It has also declined more than 97% from its all-time high in December 2020. Is it finally time to abandon this burnt-out EV stock?
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Source Fool.com
