This Hypergrowth Stock Is Hitting Warp Speed
ChargePoint Holdings (NYSE: CHPT) reported its fourth-quarter and full-year fiscal 2022 results on March 2. The report and guidance were impressive, and ChargePoint stock rose 6.7% on March 3 based on the news. Yet, even with that gain, ChargePoint stock remains down about 67% from its all-time high, as broader market volatility rips through growth stocks.
Even in the face of supply chain challenges and rising inputs, ChargePoint is set on growing its market share in North America and Europe as quickly as possible. But that growth also means a much higher cost of revenue and operating expenses. This begs the question: Is ChargePoint's aggressive growth strategy the right decision, or should the company be reeling in spending to get closer to profitability?
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Source Fool.com
