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Stock impact report

Here's Why ChargePoint Stock Is a Buy Before the End of May [Yahoo! Finance]

ChargePoint Holdings, Inc. (CHPT) 
Company Research Source: Yahoo! Finance
It went public by merging with a special purpose acquisition company (SPAC) just over four years ago, and it opened at $32.30 per share on its first day. Today, it trades at less than $0.60. It's easy to see why the bears mauled ChargePoint's stock. Its top-line growth decelerated, it racked up steep losses, and it faced more competition from Tesla 's (NASDAQ: TSLA) Superchargers and smaller competitors like EVgo (NASDAQ: EVGO) . It's also increased its outstanding shares by 65% since its public debut to cover its stock-based compensation and secondary offerings, and it's still burning lots of cash. Its stock could even be delisted if its price stays below the $1 threshold. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » But as Warren Buffett famously said, investors should be "greedy only when others are fearful" -- and there's plenty of fear baked into ChargePoint's stock price right now. Show less Read more
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