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

As Q2 earnings season approaches, clean tech stocks like Enovix Corp (NASDAQ:ENVX) and ChargePoint Holdings Inc (NYSE:CHPT) are in focus. Despite recent gains, the sector remains volatile. Analyst Bill Peterson highlights cautious investor sentiment and elevated short interest. Enovix has announced new commercial agreements and plans to scale production, leading to a raised price target. ChargePoint is expected to see sequential improvement but faces mixed demand. Archer Aviation Inc (NYSE:ACHR) and Joby Aviation Inc (NYSE:JOBY) have surged but may not align with fundamentals. Plug Power Inc (NASDAQ:PLUG) faces policy uncertainty affecting growth. The sector faces political and economic risks, with upcoming earnings likely to address these issues.

Portfolio Pulse from Surbhi Jain

July 24, 2024 | 12:33 pm

The article highlights unusual options activity for seven industrial stocks: CHPT, SAVE, AAL, GE, FDX, UBER, and LHX. These activities include both bullish and bearish sentiments, with significant trading volumes and varying expiration dates.

Portfolio Pulse from Benzinga Insights

July 19, 2024 | 5:35 pm

Shares of companies within the broader industrial sector are trading higher following positive Core Retail Sales and Retail Sales economic data. Additionally, trader optimism about potential Fed rate cuts is contributing to the sector's strength.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 6:14 pm

Shares of EV and charging stocks are trading higher following Tesla's strong delivery figures. Other companies in the sector have also reported delivery and production numbers recently.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 4:03 pm

ChargePoint Holdings, Inc. (NASDAQ:CHPT) shares are being closely watched as Tesla, Inc. (NASDAQ:TSLA) and Rivian Automotive, Inc. (NASDAQ:RIVN) report strong Q2 EV production and delivery figures. Chinese EV stocks NIO Inc (NYSE:NIO), Li Auto Inc. (NASDAQ:LI), and XPeng Inc. (NYSE:XPEV) also show significant year-over-year delivery increases. ChargePoint could benefit from increased EV sales, but its stock is currently trading in-line with its 50-day moving average and has a high short interest. Benchmark analyst Michael Legg maintained a Buy rating but lowered the price target to $3.

Portfolio Pulse from Erica Kollmann

July 02, 2024 | 3:45 pm

Analysts have recently evaluated ChargePoint Hldgs (NYSE:CHPT) with mixed sentiments. Over the past three months, the stock received 4 bullish and 1 bearish ratings. The average 12-month price target has decreased by 18.43% to $2.7. Analysts have adjusted their ratings and price targets, reflecting a negative shift in sentiment.

Portfolio Pulse from Benzinga Insights

June 28, 2024 | 4:00 pm

Benchmark analyst Michael Legg maintains a Buy rating on ChargePoint Holdings (NYSE:CHPT) but lowers the price target from $4.25 to $3.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 2:10 pm

ChargePoint Holdings, Inc. (NYSE:CHPT) shares are trading lower by 2.42% on Tuesday after announcing a strategic partnership with LG Electronics to develop commercial EV charging solutions. The partnership will integrate ChargePoint’s charger management software with LG’s EV charging hardware, with deliveries starting later this summer. Future collaborations may include integrating ChargePoint’s solutions with LG’s energy storage systems and smart home platform.

Portfolio Pulse from Nabaparna Bhattacharya

June 18, 2024 | 2:26 pm

ChargePoint and LG Electronics have announced a strategic partnership to develop innovative EV charging solutions. LG's hardware will be integrated with ChargePoint's software, aiming to enhance the EV charging experience.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 12:12 pm

ChargePoint Holdings, Inc. (NYSE:CHPT) has partnered with Porsche Cars North America to integrate charging services, increasing the number of chargers available to Porsche customers to over 100,000 across North America. Despite this positive development, CHPT shares are trading lower by 3.33% to $1.75.

Portfolio Pulse from Nabaparna Bhattacharya

June 13, 2024 | 3:12 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.