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- The EV Charging Punching Bag That Could Surprise If Sentiment Turns
The EV Charging Punching Bag That Could Surprise If Sentiment Turns
The stock is down hard, and the business has not earned trust lately. But when a stock gets priced like the future is permanently broken, the bar to surprise gets lower.
The question is can the company stabilize revenue, show a cleaner path to efficiency, and prove it belongs in the EV infrastructure stack?

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Asana | ASAN

Price: $13.27
ASAN is a reminder that good quarters do not always fix the narrative.
The company has put up solid results and even improved margins, but the market is fixated on one metric: net retention.
When net retention dips, it signals customers are trimming seats or consolidating tools, and that is a direct hit to the long-term growth story.
Add in executive transition headlines and insider selling optics, and you get a stock that struggles to regain trust even when the numbers are not terrible.
The constructive angle is that management has suggested retention pressure may be bottoming, and newer AI-driven products could create a different revenue stream beyond classic seat expansion.
Why it matters for you: ASAN will likely not move on beats alone. It needs proof that retention stabilizes and growth durability returns.

DigitalOcean | DOCN

Price: $52.45
DOCN is the steadier tape in this group, trading near highs and up strongly over the past year.
The company sits in a practical niche: cloud infrastructure for developers and smaller teams that want simplicity and predictable costs.
When DOCN works, it is usually because it executes quietly: consistent customer adds, stable churn, and improving efficiency.
When it struggles, it is typically around competition and pricing pressure, since cloud is not a forgiving market if customers start shopping purely on cost.
Why it matters for you: DOCN is a durable execution story.
If the company keeps compounding without drama, it can keep its premium relative to the more chaotic mid-cap names.

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GitLab | GTLB

Price: $35.55
GTLB is dealing with a confidence test at the exact moment it is trying to pull off something hard: a pricing transition.
The CTO departure adds another layer of execution risk because investors tend to get nervous when leadership changes show up while strategy is mid-shift.
The market is watching whether GitLab can evolve pricing toward a hybrid seat plus usage model without disrupting adoption or confusing customers.
That is a delicate balance. If it lands well, monetization can improve. If it does not, growth can wobble and the stock can get punished.
Why it matters for you: GTLB is not just a product story right now. It is can they execute a complex transition cleanly story.

SentinelOne | S

Price: $15.33
S is the cybersecurity name here that looks like it is trying to rebuild the bull case around growth plus valuation.
One major firm reiterating an Overweight stance and pointing to upside helps, but the more important point is that the stock is priced as if the market is still skeptical.
The path forward is straightforward: keep revenue growing, show improving operating leverage, and convince investors the platform can defend share in a crowded space.
The stock can move quickly if sentiment shifts because it has spent so much time in the penalty box.
Why it matters for you: S is a classic re-rating candidate if execution stays tight. But it will not be patient with surprises, especially around growth or leadership stability.

ChargePoint | CHPT

Price: $7.03
CHPT is trading like a fallen angel because investors have been watching revenue stall and confidence leak out quarter after quarter.
The stock has been crushed over the past year, and the recent month has been ugly too, which is usually a sign that the market has stopped giving the company the benefit of the doubt.
The valuation optics look cheap on price-to-sales, but that is not a free lunch.
It is cheap because growth has been inconsistent, and the market is not convinced demand translates cleanly into durable revenue.
The interesting part is that analyst forecasts still point to mid-teens annual revenue growth over the next few years.
If that forecast holds, the current multiple can start looking overly punitive.
The risk is that forecasted growth stays theoretical. If revenue keeps slipping or the story turns into another round of resets, the stock can remain a value trap even at a low multiple.
Why it matters for you: CHPT is a sentiment swing trade. If fundamentals stabilize, it can re-rate quickly. If not, cheap can stay cheap.

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📊 Stat of the Day: 1.8%
The share of U.S. workers quitting their jobs has fallen to 1.8%, the lowest level since May 2020.
That matters because quits are a confidence signal.
When quits fall, it usually means workers feel less comfortable jumping to a better offer, which often cools wage pressure and points to a softer labor market.
For markets, that can be a double-edged sword: it supports the case for easier policy, but it also hints that growth is losing some heat.
Best Regards,
—Noah Zelvis
Everyday Alpha


