ChargePoint Stock Plummets

This is a news story, published by Yahoo Finance, that relates primarily to ChargePoint news.

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ChargePoint Stock

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EV market

The Motley Fool

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Technology

Here's Why ChargePoint Stock Is a Buy Before the End of May

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78% Informative

ChargePoint builds electric vehicle charging stations in North America and Europe .

It went public by merging with a special purpose acquisition company ( SPAC ) just over four years ago .

ChargePoint 's top-line growth decelerated, it racked up steep losses, and it faced more competition from Tesla 's Superchargers and smaller competitors like EVgo .

But in fiscal 2025 , some green shoots appeared. Its full-year revenue still declined, but its adjusted gross margins expanded.

ChargePoint trades at less than 1 times its estimated sales for fiscal 2026 .

24% of its outstanding shares were being shorted at the end of March , which makes it ripe for a short squeeze.

That might be why its insiders bought 15 times as many shares as they sold over the past 12 months .

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