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Management Shakeup Continues at Canoo

ChargePoint Needs a Big Push To Return to Its Former Glory

ChargePoint Needs a Big Push To Return to Its Former Glory The high point for ChargePoint (NYSE: CHPT) in 2021 was when CHPT stock hit $46.30 in mid-January. Not quite an all-time high ($49.48 on Christmas Eve 2020), it’s clawed back from its March lows below $20.  © Provided by InvestorPlace A close-up shot of a ChargePoint (CHPT) charging station. Now trading around $28 as I write this, I’m wondering if the electric vehicle (EV) charging network has enough in the tank to get back to the mid-to-high $40s. It needs a big push. Here’s why.  Popular Searches Electrification Appears to Be Taking a Breather 

CHPT Stock Needs a Big Push To Return to Its Former Glory

Source: Google Finance, YTD through April 8  You can argue all you want about my choices. Still, it’s harder to argue with the fact that, except for GM (and its performance has a lot to do with its sales in China) these electric-related stocks have been anything but performing so far in 2021, with ChargePoint leading the parade lower by more than 22%.  Not only does ChargePoint need to provide investors with some catalysts in the coming weeks – our own Ian Cooper recently discussed three of them – it’s going to require investors to fully buy into the entire EV thesis.  Canoo (NYSE:

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