Better Buy: Nio vs. ChargePoint Stock
Chinese electric vehicle (EV) maker Nio (NYSE: NIO) and U.S.-based EV charging infrastructure and software company ChargePoint Holdings (NYSE: CHPT) are two companies with growing revenue but troubled stock prices.
Nio and ChargePoint saw their valuations surge during their peak in late 2021 -- only to be cut down by over 70% from those highs today.
Even in a market environment of rising interest rates and heavy skepticism toward unprofitable companies, opening a starter position in Nio or ChargePoint could be worth considering. Here's why.
Source Fool.com
