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 lists the stocks that have gained and lost the most in Friday's mid-day session. Among the gainers, Biocept, Inc. (BIOC) shares jumped 97.6% after announcing a non-exclusive licensing agreement for CNSide with Plus Therapeutics. Among the losers, Hooker Furnishings Corporation (HOFT) fell 15% after reporting worse-than-expected results.

Portfolio Pulse from Lisa Levin

September 08, 2023 | 5:56 pm

ChargePoint's shares are trading lower following the company's Q2 results, which were worse than expected.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 4:56 pm

Blink Charging Co (NASDAQ:BLNK) shares are trading lower by 3.18% to $3.51, hitting a new 52-week low. The stock is falling in sympathy with peer EV charging company ChargePoint Holdings Inc (NASDAQ:CHPT) which reported worse-than-expected Q2 results. The disappointing earnings from ChargePoint have negatively affected investor sentiment towards the entire EV charging sector.

Portfolio Pulse from Henry Khederian

September 08, 2023 | 3:39 pm

Evercore ISI Group analyst James West has maintained an 'Outperform' rating on ChargePoint Holdings (NYSE:CHPT), but lowered the price target from $20 to $17.

Portfolio Pulse from richadhand@benzinga.com

September 08, 2023 | 3:30 pm

RBC Capital analyst Chris Dendrinos has initiated coverage on ChargePoint Holdings (NYSE:CHPT) with an Outperform rating and a price target of $9.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 12:01 pm

Honda Motor Co Ltd (NYSE:HMC) has announced that it will adopt Tesla's (NASDAQ:TSLA) EV chargers for its upcoming electric vehicles starting in 2025. Honda joins a growing list of car companies, including Ford Motor Co. (NYSE:F), General Motors Co (NYSE:GM), and Volvo Cars ADR (OTC:VLVCY), that have committed to using Tesla's North American Charging Standard (NACS). Tesla has also announced a new partnership with Hilton Hotels (NYSE:HLT) to add up to 20,000 universal wall connectors for both standards in 2,000 hotel locations in the U.S., Mexico, and Canada.

Portfolio Pulse from Natan Ponieman

September 07, 2023 | 9:39 pm

Needham analyst Chris Pierce maintained a Buy rating for ChargePoint Holdings Inc (NYSE:CHPT) but lowered the price target from $13 to $9. The re-rating reflects 2Q results, company commentary, lower estimates, and a lower target multiple. Economic uncertainty and delays in vehicle electrification have driven CHPT revenue estimates lower for the third consecutive quarter. Despite this, Pierce views CHPT as a key player in EV adoption. However, slower growth in CHPT revenue despite faster EV adoption is lowering investor confidence.

Portfolio Pulse from Anusuya Lahiri

September 07, 2023 | 7:57 pm

During Thursday's intraday session, several industrials stocks experienced significant movements. American Rebel Holdings, Laser Photonics, ATIF Holdings, Lavoro, Mega Matrix, and Argan saw gains, with American Rebel Holdings leading with a 64.4% increase. On the other hand, Surf Air Mobility, Shengfeng Development, ChargePoint Hldgs, Amprius Technologies, Erayak Power Solution Gr, and Toro experienced losses, with Surf Air Mobility leading the decline with a 16.0% decrease.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 5:31 pm

The article lists the stocks that gained and lost the most during Thursday's mid-day trading session. Some of the biggest gainers include American Rebel Holdings, Wheeler Real Estate Investment Trust, and Sigma Additive Solutions. On the other hand, some of the biggest losers include Palisade Bio, Edible Garden AG, and Sportsman's Warehouse Holdings. The Toro Company's shares declined by 13.7% due to worse-than-expected third-quarter results and a cut in its FY23 guidance.

Portfolio Pulse from Lisa Levin

September 07, 2023 | 5:19 pm

Citigroup analyst Itay Michaeli has maintained a Neutral rating on ChargePoint Holdings (NYSE:CHPT) and lowered the price target from $10.8 to $8.25.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 4:25 pm

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