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Why ChargePoint Holdings, Blink Charging, EVgo, and Volta Shares Plummeted Then Rebounded Today

TheMotleyFool

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Why ChargePoint Holdings, Blink Charging, EVgo, and Volta Shares Plummeted Then Rebounded Today

Stocks got hit hard early in Monday's trading, and prominent electric-vehicle (EV) charging companies were initially big participants in the pullback. ChargePoint Holdings (NYSE: CHPT), Blink Charging (NASDAQ: BLNK), EVgo (NASDAQ: EVGO), and Volta (NYSE: VLTA) were down by as much as 15.2%, 12.1%, 12.4%, and 13%, respectively.

However, they saw significant recovery momentum as the market mellowed later in the day: