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EV Charging Company ChargePoint Plunges After Sales Sag, Executives Are Replaced

EV Charging Company ChargePoint Plunges After Sales Sag, Executives Are Replaced
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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ChargePoint Stock (CHPT) Plunges on Executive Changes, Q3 Report

ChargePoint Stock (CHPT) Plunges on Executive Changes, Q3 Report
247wallst.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 247wallst.com Daily Mail and Mail on Sunday newspapers.

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ChargePoint's stock slumps to record low after revenue warning, executive changes

ChargePoint Holdings
stock slumped by nearly 38% to a record low on Friday
after the electric vehicle charging network slashed its
third quarter revenue forecast and replaced key executives.
. ....

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ChargePoint's CEO change means a 'painful transition' as analysts downgrade

A selloff in ChargePoint's stock is one problem the company will have to deal with. ....

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ChargePoint's stock slumps to record low after revenue warning, executive changes

ChargePoint Holdings' stock slumped by nearly 38% to a record low on Friday after the electric vehicle (EV) charging network slashed its third quarter revenue forecast and replaced key executives. ChargePoint expects revenue to drop to between $108 million and $113 million, far below a previous forecast of between $150 million and $165 million, owing to weak demand caused by delays in electric vehicle deliveries in North America and Europe, the company said after the closing bell on Thursday. California-based ChargePoint also announced that longtime Chief Executive Pasquale Romano will be replaced by Rick Wilmer, its chief operating officer, effective immediately. ....

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