ChargePoint shares sink after Shell-Volta acquisition news - San Francisco Business Times

The relatively low price Shell plc plans to pay for Volta Inc. appears to have drained investor's enthusiasm for its rivals, including ChargePoint Holding Inc.for just $169 million — or less than 9% of what it was valued at when it went public 17 months ago — shares of ChargePoint and EVgo Inc. fell by more than 10%. Another player in the electric vehicle charging space — Blink Charging Co. — saw its shares drop by more than 7%.

Neither Volta, ChargePoint, EVgo nor Blink are profitable, so they worth can't be evaluated as a function of their earnings.

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