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

In Thursday's after-market session, several industrial stocks saw significant movement. Earlyworks Co (ELWS) and Mesa Air Gr (MESA) were among the gainers, with shares rising 9.8% and 5.98%, respectively. iSun (ISUN), ATIF Holdings (ATIF), Orion Energy Sys (OESX), and NuScale Power (SMR) also experienced gains. Conversely, ChargePoint Hldgs (CHPT) led the losers with an 18.9% drop, followed by declines in Safe & Green Holdings (SGBX), JanOne (JAN), 374Water (SCWO), Blink Charging (BLNK), and Nuvve Holding (NVVE). Recent earnings reports were a factor for some companies.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 9:31 pm

ChargePoint has announced preliminary Q3 results, expecting revenue to be between $108M-$113M, significantly lower than the previously forecasted $150M-$165M. The company also anticipates a non-cash impairment charge of $42M.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:24 pm

ChargePoint announced the departure of CFO Rex Jackson, effective immediately. Mansi Khetani, Senior VP of Financial Planning and Analysis, has been appointed as interim CFO. The company will begin searching for a permanent replacement.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 9:21 pm

ChargePoint Holdings Inc (NYSE:CHPT) has launched the Express Plus Power Link 2000 DC fast charging platform, capable of up to 500kW charging speeds. This platform will power the Mercedes-Benz HPC NA public charging network. The Power Link 2000 features a modular design and proprietary cooling architecture, allowing for sustained high-speed charging. ChargePoint's stock (CHPT) rose by 2.16% to $3.29.

Portfolio Pulse from Shivani Kumaresan

November 15, 2023 | 7:45 pm

ChargePoint has launched the Power Link system, capable of up to 500kW charging speeds, which is now powering the Mercedes-Benz HPC NA, the fastest public charging network in North America.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 5:18 pm

ChargePoint (NYSE:CHPT), a leading provider of networked charging solutions for electric vehicles (EVs), announced that it has reached one million quarterly active drivers on its network. To celebrate this milestone, the company has launched a major update to its driver app, which is used by millions of drivers to find, charge, and pay for their EV fueling. In the United States, two million EV drivers have used a ChargePoint account to start a charge, representing approximately half of US EV drivers.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:07 pm

ChargePoint Holdings Inc (NYSE:CHPT) shares are trading higher by 11.8% despite a lack of company-specific news. The rise may be due to broader strength in the EV sector and overall market strength following the Federal Reserve's decision to maintain the federal funds rate. ChargePoint's stock has seen a 40% decline in the past month, largely due to the company's announcement regarding commitments from institutional investors for their $300 million convertible notes issued in April 2022.

Portfolio Pulse from Henry Khederian

November 02, 2023 | 3:53 pm

ChargePoint Holdings Inc's stock hit a new all-time low, falling 4.6% to $2.50, amid broader weakness in the EV sector and a rise in Treasury yields. The stock has plunged by 50% in the last month, primarily due to the company's announcement about commitments from institutional investors, including the lead investor of their $300 million convertible notes issued in April 2022. The company also plans to modify the terms of their notes with the lead investor, which could be viewed as a sign of financial pressure.

Portfolio Pulse from Henry Khederian

October 26, 2023 | 8:19 pm

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

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.