Why ChargePoint Stock Is Crashing Today
ChargePoint Holdings (NYSE: CHPT) stock slumped this morning, plunging 23.1% at its lowest point in trading through 11:20 a.m. ET Thursday. ChargePoint operates the largest electric vehicle (EV) charging network in the U.S., but demand has failed to keep up with the company's expectations. The evidence lies in ChargePoint's latest quarterly numbers, released yesterday.
Although ChargePoint's net loss shrank in the second quarter, the company's guidance has left investors in the lurch.
Here are some key numbers from ChargePoint's second-quarter earnings report:
Source Fool.com
