Legalsecurities Fraud News

ChargePoint Faces Investigation and Stock Plunge Amid Bleak EV Adoption Trends

Glancy Prongay & Murray LLP has initiated an investigation into ChargePoint Holdings, Inc. on behalf of investors regarding potential violations of federal securities laws. This comes after ChargePoint released preliminary financial results for Q3 2023, revealing a significant drop in revenue and the immediate replacement of its CEO and CFO. As a result, ChargePoint's stock price plummeted by as much as 37%, causing harm to investors.