ChargePoint Stock Plummets 70% As Profits Remain Elusive

CHPT stock price has fallen 70% despite hype for green energy stocks like Tesla. Investors want profits, not just potential.

CHPT operates EV charging stations globally, especially in the U.S. It aims to provide charging solutions for commercial, fleet, and residential customers.

Revenue is diversified but subscription model leads to earnings volatility based on electricity prices.

High short interest brings potential for short squeezes. Stock dilution is high, concerning amidst rising debts. Profitability not expected until 2026.

Despite previous bullishness, risks now outweigh potential rewards. Rating CHPT a sell.