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Why EV Charging Stocks Could Fall Further

TheMotleyFool

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Why EV Charging Stocks Could Fall FurtherPhoto, wide shot, wide-angle lens, soft focus, Car manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-YEvJ4lsD0cnHYMSisqF0KmhC.png?st=2023-12-29T13%3A52%3A04Z&se=2023-12-29T15%3A52%3A04Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-12-29T03%3A19%3A21Z&ske=2023-12-30T03%3A19%3A21Z&sks=b&skv=2021-08-06&sig=cgEmp8qYLk6LiC9uwJEp9XOt32ky3AObpdzG41upqzc%3D

Electric vehicle charging stocks were among the hottest on the market in 2020, but that's changed in 2021. Shares of Blink Charging (NASDAQ: BLNK), ChargePoint Holdings (NYSE: CHPT), and EVgo (NASDAQ: EVGO) are down sharply over the last six months, and show no sign of turning around.

There are reasons to be excited about electric vehicle charging as a growth business, but there are also challenges ahead. And charging companies may not be making money in the way you think.