ChargePoint Holdings, Inc.
|Company Name||ChargePoint Holdings, Inc.|
On November 16, 2023, after the market closed, ChargePoint released preliminary financial results for third quarter 2023, disclosing that revenue had fallen to “$108 million to $113 million, as compared to $150 to $165 million as previously expected.” The Company also announced that it would be replacing both its CEO and CFO, effective immediately.
On this news, ChargePoint’s stock price fell as much as 37% during intraday trading on November 17, 2023, thereby injuring investors.
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