ChargePoint’s Downside Risk Isn’t In The Rearview Mirror Yet

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Bloomberg/Bloomberg via Getty Images ChargePoint (NYSE:CHPT) has undergone a lot of changes since reporting their lackluster q3’24 results. Inclusive of their challenging financial performance, ChargePoint appointed a new CEO, Rick Wilmer, to turn the firm around with the goal of positive aEBITDA in q4’24. Though I do believe there will be some positive effect to the restructuring, I do not believe the firm will achieve the goal of profitability by the end of CY24. With a negative outlook on the overall industry and related EV industry, I provide CHPT shares a SELL recommendation with a price target of $1.33/share. Macroeconomics...