Is ChargePoint Stock a Buy Now?
ChargePoint (NYSE: CHPT) posted its latest earnings report on Dec. 1. For the third quarter of fiscal 2023, which ended on Oct. 31, the electric vehicle (EV) charging network operator's revenue rose 93% year over year to $125 million but still missed analysts' estimates by $7 million. Its net loss widened from $69 million to $84 million, or $0.25 per share, which also missed the consensus forecast by $0.02. On an adjusted basis, its net loss widened from $47 million to $56 million.
ChargePoint's stock slumped after that earnings miss and remains 75% below its all-time high from December 2020. But could it still be a compelling buy for investors who believe in the long-term potential of its EV charging networks?
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Source Fool.com
