Why ChargePoint, Fisker, and QuantumScape All Dropped This Week
It's been a wild week for stocks in every portion of the electric vehicle sector. A snapshot of that can be seen in charging network company ChargePoint (NYSE: CHPT), solid-state battery maker QuantumScape (NYSE: QS), and vehicle designer Fisker (NYSE: FSR). At the intraday lows of the week, ChargePoint and QuantumScape stocks were down nearly 30% from last Friday's closing price. But stocks in the sector are now rebounding on the final day of this week's trading.
As the market trades early Friday, ChargePoint and QuantumScape are lower by 13% and 17%, respectively, for the week, while Fisker is near breakeven, according to data provided by S&P Global Market Intelligence.
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Source Fool.com