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

Stifel analyst Stephen Gengaro maintains a Hold rating on ChargePoint Holdings (NYSE:CHPT) and lowers the price target from $3 to $2.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 1:17 pm

ChargePoint has introduced the Essential Cloud Plan aimed at simplifying EV charging for small businesses and multifamily housing. The plan offers competitive fees covered by driver payments and provides monthly revenue remittance to station owners.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 12:07 pm

ChargePoint Holdings, Inc. (NYSE:CHPT) has launched a budget-friendly Level 2 charger priced at $699, aimed at facilitating fleet electrification. This new product is expected to lower total ownership costs and help fleets achieve emissions reduction goals. ChargePoint's comprehensive suite of products, including the CPF50 charger, offers a flexible and affordable solution for fleets transitioning to electric vehicles. The company is also focusing on innovations like 'Plug and Charge' to enhance the EV charging process.

Portfolio Pulse from Lekha Gupta

October 17, 2024 | 5:42 pm

UBS analyst Robert Jamieson maintains a Neutral rating on ChargePoint Holdings (NYSE:CHPT) and lowers the price target from $1.8 to $1.5.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 2:29 pm

ChargePoint has introduced a new home installation program for its ChargePoint Home Flex in the U.S., providing a streamlined and cost-effective solution for residential EV charging.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 12:08 pm

ChargePoint Holdings (NYSE:CHPT) has seen a rise in short interest, with 27.05% of its float sold short, significantly higher than its peers' average of 11.26%. This indicates a bearish sentiment among investors, although high short interest can sometimes lead to bullish outcomes.

Portfolio Pulse from Benzinga Insights

October 09, 2024 | 1:00 pm

Analysts have recently updated their ratings and price targets for ChargePoint Holdings (NYSE:CHPT), with a general trend of lowering expectations. The average 12-month price target has decreased by 24.31% to $2.46. Analysts have expressed mixed sentiments, with some maintaining a 'Buy' rating while others have downgraded to 'Sell' or 'Hold'. ChargePoint faces challenges with declining revenue growth and below-average financial metrics, despite having a strong net margin.

Portfolio Pulse from Benzinga Insights

October 03, 2024 | 8:01 pm

EVgo Inc (NASDAQ:EVGO) is expected to outperform ChargePoint Holdings Inc (NYSE:CHPT) in the EV charging sector. EVgo's scalable business model and higher utilization give it an edge, with potential profitability by 2025. ChargePoint struggles with hardware sales and profitability concerns.

Portfolio Pulse from Surbhi Jain

October 03, 2024 | 3:58 pm

JP Morgan analyst Bill Peterson has downgraded ChargePoint Holdings (NYSE:CHPT) from Overweight to Underweight, indicating a less favorable outlook for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 1:55 pm

US stocks are expected to open weak as traders await the key jobs report. Oil prices are rising amid Middle East tensions, supporting energy stocks. Nvidia is trading higher, while electric vehicle stocks, including Tesla, are declining. Levi Strauss fell 11% after earnings, and Plug Power dropped following a negative analyst action.

Portfolio Pulse from Shanthi Rexaline

October 03, 2024 | 11:10 am

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