PepsiMan
1 year ago
CHPT Stock
Shares of ChargePoint dived 6.9% to 9.07 in big volume on the stock market today, but held above the 50-day moving average. CHPT stock soared 14% Tuesday, regaining the 50-day line for the first time since early March.
On Tuesday, ChargePoint earned an upgrade as a "best-in-class way" to play the EV charging space. "The reason for our upgrade is simple — CHPT has proof of execution (and) line of sight to profitability," Bank of America analyst Alex Vrabel wrote in a note to clients.
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