shares of chargepoint holdings inc jumped more than 11 on tuesday on track for an eightweek high after bofa analysts raised their rating on the shares to buy saying that the provider of electricvehicle chargers is “a bestinclass way to play” the ev charging space chargepoint stock chpt was on track to close at its highest since april 4 and for the largest oneday percent increase since aug 31 when it rose 123 the bofa analysts led by alex vrabel highlighted the ev charging company’s “anchor” positions in both the us and european ev charging market saying they “offer an elegant but unconcentrated way to play electrification trends beyond the route to profitability” focusing on cash burn and chargepoint’s route to profitability they supported the company’s assertions that a “cash inflection” was on track for the end of next year in addition the stock’s valuation was “compelling” with the stock recently hitting alltime lows the analysts said the stock upgrade also appeared to lift shares of evgo inc evgo  which rose more than 4 on tuesday also outperforming the broader equity markets see also tesla must address this question on its path to dominance barclays shares of chargepoint are nearly flat so far this year compared with gains of about 10 for the sp 500 index spx  in the last 12 months chargepoint stock is down 29 versus gains of 13 for the index