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Is ChargePoint Stock a Buy Now?

TheMotleyFool

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With the market reeling over the past week, many investors are no doubt on the hunt for a few good deals. The electric vehicle market holds a lot of long-term promise, even if recent growth hasn't matched previous expectations, and one EV stock that's caught some investors' attention recently is ChargePoint Holdings (NYSE: CHPT).

ChargePoint makes EV charging stations, and with its share price down 58% over the past six months, some are wondering if now is the perfect time to buy some shares. Here's why that could be a mistake.

Image source: ChargePoint Holdings.

Source Fool.com

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