Chargepoint gets upgrade on 'proof of execution' from BofA

Yahoo Finance Live discusses a rise in shares of Chargepoint after the company got an upgrade from Bank of America from 'neutral' to 'buy'.

Video Transcript

- And let's take a look at one trending ticker we're watching today. Shares of ChargePoint are on the rise, almost 13% after the company got an upgrade from Bank of America from neutral to buy. The analysts are saying the EV charging company, quote, "has proof of execution and is a best-in-class way to play the EV charging field."

ChargePoint hit an all-time low earlier this month. But Bank of America says the company is set up to weather recessionary pressures. We shall see.