Why ChargePoint Shares Popped Today

Shares of ChargePoint Holdings (NYSE: CHPT) spiked today after new analyst coverage recommended investors buy the stock. ChargePoint shares were trading up 8.5% as of 2 p.m. ET. That has helped increase the return from ChargePoint shares to more than 25% in the last six weeks. 

Just a week after a JPMorgan Chase analyst assigned a $20 price target on ChargePoint stock, another analyst sees even more upside. Analysts at Credit Suisse put out a note today saying they believe the climate bill could help drive shares of the EV charging network company up to another 50% or so. 

Image source: ChargePoint Holdings.

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Source Fool.com