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

1.11

Mkt cap

483M

Volume

16M

High

1.13

P/E Ratio

-1.13

52-wk high

3.13

Low

1.10

Div yield

N/A

52-wk low

1.08

Analysts have recently updated their ratings and price targets for ChargePoint Holdings (NYSE:CHPT), with a general trend of lowering expectations. The average 12-month price target has decreased by 24.31% to $2.46. Analysts have expressed mixed sentiments, with some maintaining a 'Buy' rating while others have downgraded to 'Sell' or 'Hold'. ChargePoint faces challenges with declining revenue growth and below-average financial metrics, despite having a strong net margin.

Portfolio Pulse from Benzinga Insights

October 03, 2024 | 8:01 pm

EVgo Inc (NASDAQ:EVGO) is expected to outperform ChargePoint Holdings Inc (NYSE:CHPT) in the EV charging sector. EVgo's scalable business model and higher utilization give it an edge, with potential profitability by 2025. ChargePoint struggles with hardware sales and profitability concerns.

Portfolio Pulse from Surbhi Jain

October 03, 2024 | 3:58 pm

JP Morgan analyst Bill Peterson has downgraded ChargePoint Holdings (NYSE:CHPT) from Overweight to Underweight, indicating a less favorable outlook for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 1:55 pm

US stocks are expected to open weak as traders await the key jobs report. Oil prices are rising amid Middle East tensions, supporting energy stocks. Nvidia is trading higher, while electric vehicle stocks, including Tesla, are declining. Levi Strauss fell 11% after earnings, and Plug Power dropped following a negative analyst action.

Portfolio Pulse from Shanthi Rexaline

October 03, 2024 | 11:10 am

ChargePoint and Siemens are key players in the clean tech revolution, focusing on EV infrastructure and eVTOL technology. ChargePoint is enhancing EV charging with AI and power-sharing, while Siemens plans to spin off its EV charging business. The eVTOL industry is poised for growth with upcoming FAA regulations.

Portfolio Pulse from Surbhi Jain

September 30, 2024 | 2:21 pm

ChargePoint Holdings, Inc. (NYSE:CHPT) is focusing on future growth in the EV charging sector with innovations like 'Plug and Charge' and AI-driven solutions. The company aims to maintain its leadership by addressing future developments in the industry. Despite a 72% stock decline over the past year, ChargePoint is at the forefront of EV charging evolution.

Portfolio Pulse from Nabaparna Bhattacharya

September 26, 2024 | 3:06 pm

XCHG Ltd. (NASDAQ:XCH) saw its stock nearly triple in its first week of trading after a scaled-back IPO, raising $20.7 million. Despite a strong first quarter, the company warned of a slowdown in the second quarter. XCHG is focusing on the European market and developing its Net Zero Series to expand its offerings.

Portfolio Pulse from The Bamboo Works

September 26, 2024 | 12:41 pm

ChargePoint (NYSE:CHPT) is focusing on future trends and innovations in the EV charging industry to maintain its leadership. The company is developing products for all market segments and classifications of electric vehicles.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 12:17 pm

ChargePoint Holdings, Inc. (NYSE:CHPT) has secured over $19 million to expand its DC fast charging ports across California highways. The funding is part of the National Electric Vehicle Infrastructure (NEVI) program, aiming to enhance EV charging accessibility. Despite this positive development, CHPT shares are trading lower, having lost over 73% in the past year.

Portfolio Pulse from Nabaparna Bhattacharya

September 20, 2024 | 2:44 pm

ChargePoint has secured NEVI Award funding to expand EV charging infrastructure on California highways, which could enhance its market position and growth prospects.

Portfolio Pulse from Nabaparna Bhattacharya

September 20, 2024 | 12:05 pm

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