Is ChargePoint Stock a Buy?
There's a lot of interest surrounding electric vehicle (EV) stocks right now, thanks to the rapid adoption by consumers of EVs and expanding model lineups from manufacturers. In fact, nearly 60% of all new vehicles sold globally by 2030 will be EVs, according to IEA estimates.
Rising electric vehicle sales are unsurprisingly creating a lot of demand for EV charging stations in the U.S. and abroad, and that's making investors take a closer look at EV charging companies, including ChargePoint Holdings (NYSE: CHPT).
I'm a little skeptical that the company is a good investment right now, but let's take a closer look to find out what's going on with ChargePoint.
Source Fool.com
