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Why ChargePoint Holdings, EVgo, and FuelCell Energy Shares Plummeted Last Month and Have Continued to Fall

TheMotleyFool

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Why ChargePoint Holdings, EVgo, and FuelCell Energy Shares Plummeted Last Month and Have Continued to Fall

Electric vehicle (EV) charging and alternative-energy stocks lost ground in January amid sell-off pressure impacting the broader market. ChargePoint Holdings (NYSE: CHPT), EVgo (NASDAQ: EVGO), and FuelCell Energy (NASDAQ: FCEL) shares fell 27.3%, 17%, and 18.5% in the month, respectively, according to data from S&P Global Market Intelligence.