Growth stocks have captivated investors' minds for many years. Some stocks have soared 1,000% over the past five years.
Rivian's production rates should accelerate again next year. ChargePoint should recover from its cyclical downturn.
Judging which growth stocks are good long-term bets is trickier than you might expect. These fast-moving businesses can be hard to forecast, and changes in their broader industries could quickly lift up (or sink) these growth names in short order.
ChargePoint's stock tumbled more than 90% over the past three years. Its revenue growth is decelerating, and it's racking up steep losses.
ChargePoint stock has risen sharply over the past couple of weeks, but is still down significantly over the past year. The company owns a large portfolio of electric vehicle charging locations, but the ongoing build-out of this infrastructure is costly.
ChargePoint Holdings, Inc. (CHPT) closed the most recent trading day at $1.86, moving -1.59% from the previous trading session.