Daily Stock Opinions and Ratings

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Jim Cramer - Mad Money ChargePoint Holdings CHPT-Q DON'T BUY Jul 31, 2023

He can't recommend any company losing money. Also, there's a big short position on this.

Jim Cramer - Mad Money

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DON'T BUY

It's a crowded sector (though he likes the industry) with too many players. Avoid.

DON'T BUY

It's very good, but faces three other competitors, which makes this a pass.

DON'T BUY

There are too many players in this sector and not enough consolidation. Avoid the entire space.

DON'T BUY

In the space to electrify autos. Will probably not earn any money for the next couple years. It is part of the next technology ramp. It is exciting but hard to value. The kind of stock that can jump but hard to say if it has bottomed out. Would not buy today.

DON'T BUY

Exciting, but too new for him. Unproven. Charging stations at public locations. Market cap of 5B, a lot of future success is already built in. Not making money. Great concept, but overvalued. He owns GM.

DON'T BUY

Doesn't own, based on valuation of 10x revenue for 2023. Growth opportunity is there, but not a lot of barriers to entry. Not a lot of value added in the business. Prefers renewable developers with more sustainable cashflow.

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%.

DON'T BUY

It's the best house in a bad neighbourhood. Stocks that don't make money are no good in this market.

DON'T BUY

He can't recommend any stock that's not making money.

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Jim Cramer - Mad Money ChargePoint Holdings CHPT-Q DON'T BUY Jul 31, 2023

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