Where Will ChargePoint Be in 1 Year?
Any stocks tied to the electric vehicle (EV) industry have not had a great few months. A realization that the EV revolution will take longer than originally anticipated, and legitimate concerns about a slowing economy and the effects of tariffs, have sent EV stocks tumbling.
ChargePoint (NYSE: CHPT), which makes EV charging hardware and software, has not been immune. Its share price has fallen 58% over the past six months as of this writing (April 4). Some investors may be wondering if the company's stock might soon bounce back, but I'm skeptical.
Here's why the next 12 months could be difficult for ChargePoint.
Source Fool.com
