Why ChargePoint Holdings Stock Jumped Today
Shares of some infrastructure names have been boosted recently with potential legislation being introduced by President Biden. Reports that plans for a national electric vehicle (EV) charging network are part of the package have investors buying into that sector today. Shares of leading EV charging company ChargePoint Holdings (NYSE: CHPT) were about 14% higher than Tuesday's closing price, as of 1:30 p.m. EDT.
Earlier this month, members of the Biden administration met with EV charging infrastructure leaders, and the White House reiterated its plan to build more than 500,000 EV chargers over the next decade. More details are expected today when the president discusses the infrastructure package.
Source Fool.com
