ChargePoint Stock Sinks After a Tough Quarter. Here’s What Wall Street Thinks.

ChargePoint stock tumbled Thursday on mixed quarterly results and job cuts, but one Wall Street team says the decline presents a buying opportunity. Late Wednesday, the electric-vehicle charging company reported a loss of 16 cents per share, for its second fiscal quarter ended July 31, aligning with Wall Street’s forecast, according to FactSet. Revenue of $108.5 million fell short of the $113.5 million analysts had penciled in.