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

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The low price Shell plans to pay for Volta apparently has investors concerned about its rivals' valuations.

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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