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ChargePoint: Only Pain Ahead

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  • ChargePoint reported a big miss for FQ4 numbers.
  • The charging station company guided FQ1'23 sales $31 million below analyst estimates.
  • CHPT stock trades at 40x subscription revenues with the market applying valuations to charging station revenues sold virtually at cost.
After the close, ChargePoint Holdings (NYSE:CHPT) appears to have reset the expectations for charging station growth in the year ahead. The company continues to face supply and shipment challenges and the financials never seem to improve with surging

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 

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