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ChargePoint reinstated with a Neutral at Goldman Sachs
The Fly

ChargePoint reinstated with a Neutral at Goldman Sachs

Goldman Sachs analyst Mark Delaney reinstated coverage of ChargePoint with a Neutral rating and $10 price target. The company is well positioned for growth as a full solution provider of chargers/software/services, and as the market share leader in the U.S. AC charging space, where it should benefit from its network/early-mover position especially with existing enterprise customers. The firm warns however that the margin of improvement for ChargePoint will be somewhat limited by industry mix shift toward DC fast charging and competition.

Published first on TheFly

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