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

1.22

Mkt cap

492M

Volume

High

1.23

P/E Ratio

-1.18

52-wk high

3.54

Low

1.14

Div yield

N/A

52-wk low

1.14

UBS analyst Robert Jamieson downgraded ChargePoint Holdings (CHPT) from Buy to Neutral and reduced the price target from $9 to $2.25.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 9:18 am

U.S. stocks are trading higher, with major indices in the green. The U.S. dollar index has fallen to its lowest since August. Oil prices have rallied, with WTI surpassing $78 per barrel ahead of an OPEC+ meeting. The Energy Select Sector SPDR Fund (XLE) is up 0.5%. Treasury yields are flat. Tech stocks lead gains, with the Technology Select Sector SPDR Fund (XLK) up 1%. Microsoft hired former OpenAI executives, boosting its shares by 2%. Nvidia (NVDA) is up 1% before its earnings release. Citigroup (C) rose after announcing layoffs. Boeing (BA) surged 4% after an upgrade from Deutsche Bank. Paramount Global (PARA) soared 6.5% after selling Bellator MMA. PENN Entertainment (PENN) rallied 7% after an upgrade from Bank of America. The United States Oil Fund (USO) increased by 3.1%. European and emerging market ETFs saw mixed results, with ARGT up 12% after Argentina's presidential elections. Cryptocurrencies Bitcoin and Ethereum are up.

Portfolio Pulse from Piero Cingari

November 20, 2023 | 6:35 pm

ChargePoint Holdings Inc (NASDAQ:CHPT) shares increased by 5% after announcing preliminary Q3 results and a new CEO, despite reporting lower-than-expected revenue. The company's revenue is projected to be between $108 million to $113 million, below the forecast of $150 million to $165 million, due to market pressures, delivery delays, and economic conditions. New CEO Rick Wilmer plans to improve operations. ChargePoint's cash position remains stable, but the final Q3 results may still change.

Portfolio Pulse from Henry Khederian

November 20, 2023 | 5:19 pm

ChargePoint shares have declined following a downgrade by Stifel from Buy to Hold.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 5:18 pm

ChargePoint Holdings (NYSE:CHPT) has received 16 analyst ratings in the last quarter, with an average price target of $10.02, which is significantly higher than its current price of $2.02. The ratings are predominantly bullish or somewhat bullish, with no bearish or somewhat bearish ratings. The current average price target has decreased by 26.49% from the previous average of $13.63.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 1:00 pm

Stifel analyst Stephen Gengaro has downgraded ChargePoint Holdings (CHPT) from Buy to Hold, indicating a more cautious outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 12:16 pm

Wall Street saw a quiet session with major averages near parity, but small caps and oil stood out with gains. The Russell 2000 and crude oil prices rose significantly, while large-cap stocks remained flat. The dollar weakened, and Treasury yields flattened. Sector-wise, energy stocks rallied, while health care and communication services lagged. Retail stocks surged, and REITs had a softer performance. Housing starts and building permits data were positive. Gap, Ross Stores, and Expedia saw stock increases, while Applied Materials faced pressure due to a potential criminal investigation. ChargePoint Holdings plunged after a preannouncement. Global markets and commodities also saw varied movements.

Portfolio Pulse from Piero Cingari

November 17, 2023 | 7:38 pm

The S&P 500 saw a slight increase, with energy shares leading the gains and communication services shares lagging. The Buckle, Inc. (BKE) shares surged over 8% after reporting Q3 earnings that beat EPS estimates but missed on sales. Gap Inc. (GPS) shares also jumped 31% following strong Q3 results. Altamira Therapeutics Ltd. (CYTO) saw a 259% increase after selling a majority stake in a subsidiary. Twist Bioscience Corporation (TWST) shares rose 29% after positive quarterly results. American Software, Inc. (AMSWA) shares fell 10% due to disappointing revenue guidance and a price target cut. Bone Biologics Corporation (BBLG) shares dropped 31% after announcing a priced offering. ChargePoint Holdings, Inc. (CHPT) fell 35% after preliminary results and a CEO transition announcement.

Portfolio Pulse from Lisa Levin

November 17, 2023 | 7:30 pm

RF Lafferty analyst Jaime Perez has downgraded ChargePoint Holdings (CHPT) from Buy to Hold, indicating a shift in the firm's outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 6:40 pm

Janney Montgomery Scott analyst Thomas Meric has downgraded ChargePoint Holdings (CHPT) from Buy to Neutral, indicating a change in the firm's outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 6:29 pm

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