ChargePoint has Enough Fuel to Drive Through Supply Issues
December 09 2021 - 07:27AM
TipRanks
American electric vehicle infrastructure company ChargePoint
(NYSE:CHPT) is still combating supply chain issues. This has
created uncertainty in the environment, which is impacting investor
sentiment. The ChargePoint earnings report for the third quarter of
fiscal 2022, which was released yesterday, sent the company’s share
prices falling. The top-line estimate beat and raised full-year
revenue guidance could not impress investors, leading to sell-offs.
This disappointment was primarily caused by the uncertain supply
environment and larger-than-expected loss per share. Expert’s
Opinion Nonetheless, the company took the supply constraints in its
stride and executed well during the third quarter.
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ChargePoint (NYSE:CHPT)
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