ChargePoint faces ‘painful transition’ after major changes, analyst warns

ChargePoint Holdings Inc. drew a downgrade at Oppenheimer, while analysts at Needham slashed their price target for the electric-vehicle-charging company in half on Friday.

ChargePoint’s stock CHP plunged 36.4% after the company said it would fall short of analyst estimates and announced the departure of Pasquale Romano, who had been chief executive for 12 years.

The…