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Stock impact report

Should You Buy ChargePoint While It's Below $0.70? [Yahoo! Finance]

ChargePoint Holdings, Inc. (CHPT) 
Company Research Source: Yahoo! Finance
vehicle (EV) revolution gained momentum, with automakers pivoting toward EVs, spurring demand for charging infrastructure. However, the landscape has changed. Automakers are scaling back their ambitious EV plans, and the political environment isn't as supportive of EVs and related infrastructure as it once was. This and other factors have pushed ChargePoint's stock price down to a staggering low. ChargePoint looks like a bargain at this price, trading at just 0.6 times its sales. But before jumping in, investors should carefully consider what's driving these changes, and whether this dirt cheap entry point is a golden opportunity or an ominous warning sign. ChargePoint operates one of the largest charging networks in the world, with stations spread across the United States and Europe. According to data from the website EVAdoption, ChargePoint operates charging stations across 15,454 locations with 48,946 charging ports. Tesla , its top competitor, has 5,872 locations with 12,412 Show less Read more
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