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

The article reports on the options activity of 10 industrial stocks, including AAL, CHPT, CAT, BA, BWXT, CHRW, IEP, JCI, NOC, and LMT. The options activity is tracked by Benzinga's options activity scanner, which monitors the transactions of entities with large sums of money, known as 'whales'. The article provides detailed information on the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 5:35 pm

Shares of EV and charging stocks are trading lower following worse-than-expected Q3 financial results from Tesla.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 7:35 pm

ChargePoint (NYSE:CHPT) is rolling out NACS connector support for its AC and DC charging solutions, offering Tesla (NASDAQ:TSLA) drivers a public fast charging alternative for the first time. The company's new lineup includes a native DC connector compatible with Tesla vehicles, eliminating the need for an adapter. ChargePoint's Home Flex cables for residential installation will be shipped this month.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 12:17 pm

ChargePoint Holdings Inc's (NYSE:CHPT) shares hit a new all-time low, falling by 11% to $3.24, despite no company-specific news. The stock's decline may be due to broader weakness in the EV sector and a rise in Treasury yields. The company's stock has seen a 40% decline in the past month, largely due to commitments from institutional investors for their $300 million convertible notes. The company also plans to modify the terms of their notes with the lead investor, which could be seen as a sign of financial stress.

Portfolio Pulse from Henry Khederian

October 18, 2023 | 7:26 pm

Shares of several industrial sector companies are trading lower due to a rise in Treasury yields and weak Q3 financial results from JB Hunt Transport Services.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 4:49 pm

Oppenheimer analyst Colin Rusch reiterated an Outperform rating on ChargePoint Holdings Inc (CHPT) and lowered the price target from $14 to $13. CHPT recently announced a commitment by investors to purchase $175 million of common stock and raised net proceeds of $57 million under the ATM facility during Q3 FY24. The company also extended the due date of its convertible debt to 2028 and adjusted the convertible price from $24.03/share to $12/share. Despite agreements between vehicle OEMs and Tesla (TSLA), the analyst sees CHPT gaining incremental share in the North American public charging market.

Portfolio Pulse from Shivani Kumaresan

October 17, 2023 | 6:53 pm

ChargePoint Holdings Inc's shares are trading higher by 3.9% despite a recent 23.7% decrease over the past five trading sessions. The drop followed an announcement that the company had secured commitments from institutional investors, including the lead investor of their $300 million convertible notes issued in April 2022. The company has also raised $57 million in the third fiscal quarter of 2024 and is planning to modify the terms of their notes with the lead investor. However, these actions might lead to a continued negative sentiment and a decline in the stock price.

Portfolio Pulse from Henry Khederian

October 17, 2023 | 5:44 pm

ChargePoint Hldgs (NYSE:CHPT) has received a mix of bullish and somewhat bullish ratings from analysts in the last quarter. The company has an average price target of $11.52, a decrease of 24.31% from the previous average price target of $15.22.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 2:00 pm

Oppenheimer analyst Colin Rusch has maintained an 'Outperform' rating on ChargePoint Holdings (NYSE:CHPT), but lowered the price target from $14 to $13.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 12:34 pm

Jim Cramer, host of CNBC's 'Mad Money Lightning Round', has given his recommendations on several stocks. He advises against buying ChargePoint Holdings (CHPT), Phathom Pharmaceuticals (PHAT), Navitas Semiconductor (NVTS), and Luminar Technologies (LAZR) due to their financial losses. He also recommends caution with RTX Corporation (RTX) due to issues with their commercial business. However, he speaks positively about Taiwan Semiconductor Manufacturing Company (TSM) and Axon Enterprise (AXON), recommending the latter for purchase.

Portfolio Pulse from Lisa Levin

October 13, 2023 | 12:55 pm

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