Where Will ChargePoint Be in 5 Years?
Three years ago, ChargePoint (NYSE: CHPT) was worth over $8 billion and was seen as one of the big winners in the electric vehicle (EV) revolution. Now the company is worth just under $600 million, and the stock is dropping so fast that options are running out for financing the future.
Where will the company be five years from now? The options are getting thin for ChargePoint.
It's not hard to see the operational challenges ChargePoint is facing. The company makes most of its money selling EV chargers, not electricity or services, and the demand for chargers is down. You can see the revenue decline over the past year, and the losses are piling up.
Source Fool.com
