Opinions
Jim Cramer - Mad Money
ChargePoint Holdings
CHPT-Q
DON'T BUY
Apr 23, 2021
It's a crowded sector (though he likes the industry) with too many players. Avoid.
N/A
Stock price when the opinion was issued
Automotive
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DON'T BUY
Have 188,000 charging stations for EV's in a growing business and expanding industry. But they have a $4.5 billion market cap and only $250 million in revenues. So, they're trading at an extremely high valuation in anticipation of success. Also, CHPT is facing more and more competition to meet demand. In the U.S. there are 5 charging stations per 100 EV's; that needs to increase that by 300-400%.
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