Why EV Stock ChargePoint Plunged 30.8% in February
ChargePoint Holding (CHPT 4.86%) stock is getting hit from all sides. Shares of the electric vehicle (EV) charging infrastructure company plunged 30.8% in February, according to data provided by S&P Global Market Intelligence, after two unfavorable developments sent panic waves among its investors — a move by President Donald Trump and a noncompliance notice from the New York Stock Exchange (NYSE).
ChargePoint stock keeps losing charge
In early February, the Trump administration suspended a clean energy program launched by the previous administration that set aside billions of dollars in funding to the states to expand the nation’s EV charging network. President Biden set an ambitious goal to build out…
