Streetbeat News

CHPT

ChargePoint Holdings, Inc.

https://www.chargepoint.com

Industry

Specialty Retail

ChargePoint Holdings, Inc. provides electric vehicle (EV) charging networks and charging solutions in the United States and internationally. It offers a portfolio of hardware, software, and services for commercial, fleet, and residential customers. The company was founded in 2007 and is headquartered in Campbell, California.

Open

0.66

Mkt cap

305M

Volume

23M

High

0.69

P/E Ratio

-1.06

52-wk high

2.44

Low

0.64

Div yield

N/A

52-wk low

0.56

The article highlights the top 3 industrials stocks considered oversold in April, based on their RSI values being near or below 30. ChargePoint Holdings, Inc. (CHPT) was downgraded by Goldman Sachs, Hertz Global Holdings, Inc. (HTZ) had its price target lowered by Deutsche Bank, and SP Plus Corporation (SP) reported downbeat quarterly earnings but overall strong annual performance.

Portfolio Pulse from Avi Kapoor

April 24, 2024 | 12:17 pm

ChargePoint Holdings Inc (NYSE:CHPT) shares fell 6.3% to $1.28, hitting a new all-time low amid a broader EV sector downturn, influenced by Tesla Inc's decision to cut vehicle prices and Rivian Automotive Inc's workforce reduction by 1% due to industry slowdown. The article also provides guidance on how to buy or short CHPT stock.

Portfolio Pulse from Henry Khederian

April 22, 2024 | 5:57 pm

ChargePoint Holdings (NYSE:CHPT) has seen a 9.18% increase in its short percent of float since the last report, reaching 29.26% of all shares available for trading. With 115.67 million shares sold short, it would take about 8.23 days for traders to cover their short positions. This rise in short interest indicates a more bearish market sentiment towards CHPT, although it doesn't necessarily predict a near-term price fall. Compared to its peers, CHPT has a significantly higher short interest, suggesting more bearish sentiment among investors towards the company.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 4:00 pm

ChargePoint Holdings shares are trading lower following a downgrade by Goldman Sachs from Neutral to Sell.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 12:29 pm

In Tuesday's pre-market session, Maxeon Solar Technologies and other stocks like Neogen Corporation, Tilray Brands, DigiAsia Corp., InMode Ltd., GCT Semiconductor Holding, Rocket Companies, and ChargePoint Holdings recorded losses. Maxeon Solar's shares fell due to its Q4 revenue forecast being below market estimates. Neogen and Tilray Brands reported disappointing earnings and guidance, impacting their stock prices. Other companies also saw declines for various reasons, including upcoming financial results and analyst downgrades.

Portfolio Pulse from Avi Kapoor

April 09, 2024 | 11:42 am

Goldman Sachs analyst Mark Delaney downgraded ChargePoint Holdings (CHPT) from Neutral to Sell and reduced the price target from $2 to $1.5.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 9:58 am

ChargePoint Holdings, Inc. (NYSE:CHPT) shares are trading slightly lower today, following a report by Needham analyst Chris Pierce on industry pressures. Despite EV sales growth outpacing EVSE growth, increased charger utilization hasn't spurred EVSE installations. CHPT has lost over 80% in value over the past year but has recently formed partnerships with Jumptech and AcBel Polytech to improve home charger installations and develop EV charging solutions.

Portfolio Pulse from Nabaparna Bhattacharya

April 05, 2024 | 4:19 pm

ChargePoint Holdings (NYSE:CHPT) has seen diverse analyst ratings over the last three months, with a shift towards a more bullish stance in the last 30 days. The average 12-month price target among analysts is $3.31, with a recent decrease of 5.43%. Financial challenges such as revenue decline, low net margin, and high debt-to-equity ratio are highlighted, alongside the importance of understanding analyst ratings and their impact on investment decisions.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 1:01 pm

Needham analyst Chris Pierce reiterated a Buy rating on ChargePoint Holdings (CHPT) and maintained a $3 price target.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 10:18 am

ChargePoint Holdings Inc (NYSE:CHPT) shares dropped 7.9% to $1.74, retracting after gains earlier in the week due to the Federal Reserve's decision to maintain interest rates at 5.25% to 5.5%. The Fed plans three rate cuts in 2024, targeting a 4.6% rate, despite internal dissent. Lower future rates and revised economic growth projections for 2024 could benefit ChargePoint by boosting economic activity and electric vehicle adoption. ChargePoint does not pay dividends but may engage in other capital allocation strategies.

Portfolio Pulse from Henry Khederian

March 22, 2024 | 3:35 pm

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