Why ChargePoint Holdings Stock Jumped 13.8% This Week
Shares of charging network operator ChargePoint Holdings (NYSE: CHPT) jumped 13.8% over the past week as the company continues to expand its offerings in the EV market. ChargePoint announced earlier this week that it is offering integrated fleet management, services, and charging for large and small fleet buyers. The idea is to be a full-service charging provider to owners of fleets of EVs, which could be a big growth market.
ChargePoint and Mercedes also announced a partnership called "Mercedes me Charge" for the EQ line of EVs. The partnership allows drivers to access ChargePoint's network with seamless mapping and payment features.
The general theme here is that ChargePoint continues to expand the services it's offering to EV drivers. Whether you're a single vehicle owner or a fleet owner, ChargePoint wants to make charging simple, which the company is betting will increase adoption and charger utilization.
Source Fool.com
