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Stock impact report

Is ChargePoint a Stock to Buy and Hold Forever? Here's Why It Could Be. [Yahoo! Finance]

ChargePoint Holdings, Inc. (CHPT) 
Company Research Source: Yahoo! Finance
Although you could invest in the sector by choosing one of them, it's important to remember that all those new vehicles need a charging ecosystem to support them. That's what ChargePoint (NYSE: CHPT) is building. Electric vehicle sales are growing rapidly, going from the low single digits of total vehicle sales in the U.S. in 2014 to over 20% of new vehicle sales roughly a decade later. The trend shows no sign of stopping, helped along by global efforts to prioritize vehicles that don't produce as many harmful emissions. That growth has created a huge need for charging infrastructure. ChargePoint is attempting to serve a wide spectrum of customers here, with technology that can be used at a private residence, out on the road, and by companies that have fleet operations. When its fiscal 2025 ended this January, ChargePoint had 342,000 charging ports in its system, which is spread across the United States and Europe. Having built a substantial network, the company is increasingly fo Show less Read more
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