Savvy Trades and Investments

[researcher59]

CHPT +.05 to 1.98, might be a speculative buy with the stock down 96% from its 2021 high of about $50. ChargePoint is the leader in EV charging stations with several 100,000 installed worldwide, but slower than expected acceptance of EV's along with a myriad of other problems have led to heavy cash burn and concerns about financial viability. At this point it's like a stock option that could go to zero in the event of bankruptcy or could be a multibagger if they can execute a turnaround. Tax loss selling is also weighing on the stock. I picked up a tiny position at around $2, but view it as highly speculative.

https://investors.chargepoint.com/overview/why-invest/default.aspx