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Stock impact report

Is ChargePoint Stock a Buy Now? [Yahoo! Finance]

ChargePoint Holdings, Inc. (CHPT) 
Company Research Source: Yahoo! Finance
To support widespread EV adoption, there is a dire need for a charging station network, robust grid capacity, and innovative battery technology. ChargePoint Holdings (NYSE: CHPT) is one of the largest providers of EV charging stations in North America and Europe. It aims to enable the widespread adoption of EVs while benefiting from it. However, the company faces significant hurdles. If you're thinking about buying its shares, consider the following. ChargePoint continues to bleed cash Founded in 2007, ChargePoint has grown into one of the largest charging networks in the world, with a significant presence across the United States and Europe. As reported by U.S. News & World Report , ChargePoint has over 38,500 stations and 70,000 charging ports in the U.S., making it the largest EV charging network by a large margin over Tesla The company has done a good job growing its network over the years. However, that growth has come at a significant cost. It has lost money every single Show less Read more
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