1 Wall Street Analyst Thinks ChargePoint Is Going to $2. Is It a Buy Around $1.30?

ChargePoint (NYSE: CHPT) has long been struggling with a weakening electric vehicle (EV) market, and the charging network operator just dove on its latest earnings report.Revenue fell 28% to $108.5 million for the second quarter of fiscal 2025, ended July 31, with a 44% decline in its networked charging systems segment to $64.1 million. However, its subscription revenue business rose 21% to $36.2 million. ChargePoint also narrowed its net loss on a generally accepted accounting principles (GAAP) basis from $125.3 million to $68.9 million, though it's still far from turning a profit. The company also said it would cut its workforce by 15% in an attempt to move closer to profitability.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool