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StockNews.com
StockNews.com
Business
Aditi Ganguly

EV Name Surges 30% In A Month, Is It Worth Your Money?

CHPT

ChargePoint Holdings, Inc. (CHPT) operates electric vehicle charging networks and charging solutions internationally. CHPT went public through a reverse merger with blank check company Switchback Energy Corporation on March 1, 2021, becoming the world’s first publicly traded global electric vehicle (EV) charging network. However, the company has an ISS Governance QualityScore of 9, indicating high governance risk.

Shares of CHPT have surged 33.3% over the past month and 9.9% over the past five days. The recent rally comes after B. Riley analyst Christopher Souther rated the stock a “Buy.” He stated the company’s greater than 70% market share in North America.

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