ChargePoint: Low Quality Beat
After solid FQ2'22 earnings, (CHPT) has seen a nice bump in the stock. Now investors have to confront the valuation divide and deal with the past insider sales likely leading to future sales on any stock rallies. My investment thesis remains very Bearish on the EV charging station stock on any rallies into the mid-$20s.
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Update - Sept. 8
Be cautious when analysts struggle to make the bullish case on expensive stocks, though $20 has been strong support.