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

During Friday's intraday session, several industrial stocks experienced significant movements. WANG & LEE Group's shares soared by 98.6%, while Babcock & Wilcox and Spirit Airlines also saw substantial gains. Conversely, ChargePoint Holdings, Surf Air Mobility, and other stocks such as Xos, Bitcoin Depot, Blink Charging, and Velo3D faced notable declines. Market caps and trading volumes varied, with some companies like iPower recently releasing Q1 earnings and others like Surf Air Mobility and Bitcoin Depot having released Q3 earnings in the past few days.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 5:31 pm

U.S. stocks were mostly flat, with the Dow slightly up and the NASDAQ marginally down. Energy shares surged by 2% while communication services fell by 0.9%. BJ's Wholesale Club Holdings Inc reported Q3 sales growth of 2.9% to $4.92 billion, missing estimates, but beat EPS expectations. The Gap, Inc. shares soared after strong Q3 results. Altamira Therapeutics Ltd. shares surged following a stake sale agreement. Twist Bioscience Corporation shares rose on robust quarterly results. Zenvia Inc., Bone Biologics Corporation, and ChargePoint Holdings, Inc. saw shares fall post-earnings or due to corporate announcements. Oil prices increased by 3.3%, while gold and silver saw slight declines.

Portfolio Pulse from Lisa Levin

November 17, 2023 | 5:10 pm

JP Morgan analyst Bill Peterson has maintained an Overweight rating on ChargePoint Holdings (CHPT) but reduced the price target from $8 to $5.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 3:45 pm

U.S. stocks opened slightly lower with the Nasdaq Composite down by 30 points. Energy shares surged by 0.9%, while communication services fell by 0.5%. Housing starts in the U.S. rose by 1.9% to an annualized rate of 1.372 million in October. Safe and Green Development Corporation (SGD) shares soared 162% after announcing no stock offering. Altamira Therapeutics (CYTO) shares jumped 116% due to a partial spin-off. WANG & LEE GROUP (WLGS) also rose by 76%. Vigil Neuroscience (VIGL), Bone Biologics (BBLG), and ChargePoint Holdings (CHPT) shares fell sharply after negative company-specific news.

Portfolio Pulse from Lisa Levin

November 17, 2023 | 2:51 pm

Oppenheimer analyst Colin Rusch has downgraded ChargePoint Holdings (NYSE:CHPT) from Outperform to Perform, indicating a change in the firm's outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 1:50 pm

ChargePoint's stock is trading lower following the announcement of preliminary Q3 results and the appointment of a new CEO.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 1:30 pm

Gap Inc. (GPS) shares surged by approximately 17% in pre-market trading following the release of their Q3 financial results, which surpassed analyst expectations. The company reported earnings of $0.59 per share against an expected $0.18, with sales of $3.767 billion beating the $3.610 billion estimate. Other stocks also showed significant pre-market movements, with notable gainers including Safe and Green Development Corporation (SGD), Syntec Optics Holdings (OPTX), and Mural Oncology (MURA), among others. Conversely, several stocks experienced declines, such as Bone Biologics Corporation (BBLG), ChargePoint Holdings (CHPT), and Alpha Technology Group Limited (ATGL).

Portfolio Pulse from Lisa Levin

November 17, 2023 | 1:25 pm

In Friday's pre-market session, several industrial stocks showed significant movement. WANG & LEE Group (WLGS) saw a notable increase of 97.0% to $0.79, while Safe & Green Holdings (SGBX) and C3is (CISS) also experienced gains. Conversely, ChargePoint Holdings (CHPT) and ZTO Express (ZTO) were among the stocks that declined, with CHPT dropping 30.0% to $2.19 after their Q3 earnings reports.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 1:06 pm

Needham analyst Chris Pierce maintains a Buy rating on ChargePoint Holdings (CHPT) but reduces the price target from $8 to $4.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 11:52 am

ChargePoint Holdings, Inc. (NYSE:CHPT) reported preliminary Q3 revenue of $108 million to $113 million, significantly below the expected $150 million to $165 million, and anticipates a non-cash impairment charge of $42 million, leading to a negative GAAP gross margin of 21% to 23%. The company also announced a CEO transition, appointing Rick Wilmer as the new president and CEO. ChargePoint shares dropped 24.3% in pre-market trading. Other stocks such as ATGL, AMAT, AIRE, ZTO, BABA, JD, and BIDU also experienced pre-market losses following various financial results and market movements.

Portfolio Pulse from Lisa Levin

November 17, 2023 | 10:13 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.