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

U.S. stocks are set for a cautiously optimistic start on Wednesday, influenced by labor market data and service sector activity readings. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) showed mixed premarket performance. Notable stock movements include Hewlett Packard Enterprise (HPE), CrowdStrike (CRWD), and Stitch Fix (SFIX) rising on earnings. Several companies are reporting quarterly results before and after the market open.

Portfolio Pulse from Shanthi Rexaline

June 05, 2024 | 11:24 am

ChargePoint Holdings, Inc. (NYSE:CHPT) shares are trading higher in the premarket session after announcing a partnership with Airbnb, Inc. (NASDAQ:ABNB) to meet the growing demand for EV charging among Airbnb guests. The collaboration aims to streamline EV charger installation for Airbnb hosts in the U.S. and broaden access to EV charging infrastructure nationwide.

Portfolio Pulse from Nabaparna Bhattacharya

May 22, 2024 | 12:06 pm

ChargePoint and Airbnb have announced a partnership to facilitate the installation of EV chargers at Airbnb listings across the United States. This initiative aims to make it easier and more affordable for Airbnb hosts to provide EV charging options for their guests.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 10:05 am

ChargePoint Holdings, Inc. (NYSE:CHPT) shares are trading down after the company announced new technology to support the future of the trucking industry. The new Megawatt Charging System (MCS) is expected to provide significant power for commercial trucking, marine, and aviation applications. ChargePoint will report its Q1 financial results on June 5.

Portfolio Pulse from Dylan Berman

May 16, 2024 | 5:02 pm

JPMorgan analysts highlight Blade Air Mobility Inc (BLDE), ChargePoint Holdings Inc (CHPT), and Enovix Corp (ENVX) as clean tech stocks with over 40% upside potential. Blade's strong Q1 performance and ChargePoint's market position, along with Enovix's cost reduction efforts, underscore their growth potential in the clean energy sector.

Portfolio Pulse from Surbhi Jain

May 13, 2024 | 7:05 pm

The article highlights the top 3 industrials stocks considered oversold in April, based on their RSI values being near or below 30. ChargePoint Holdings, Inc. (CHPT) was downgraded by Goldman Sachs, Hertz Global Holdings, Inc. (HTZ) had its price target lowered by Deutsche Bank, and SP Plus Corporation (SP) reported downbeat quarterly earnings but overall strong annual performance.

Portfolio Pulse from Avi Kapoor

April 24, 2024 | 12:17 pm

ChargePoint Holdings Inc (NYSE:CHPT) shares fell 6.3% to $1.28, hitting a new all-time low amid a broader EV sector downturn, influenced by Tesla Inc's decision to cut vehicle prices and Rivian Automotive Inc's workforce reduction by 1% due to industry slowdown. The article also provides guidance on how to buy or short CHPT stock.

Portfolio Pulse from Henry Khederian

April 22, 2024 | 5:57 pm

ChargePoint Holdings (NYSE:CHPT) has seen a 9.18% increase in its short percent of float since the last report, reaching 29.26% of all shares available for trading. With 115.67 million shares sold short, it would take about 8.23 days for traders to cover their short positions. This rise in short interest indicates a more bearish market sentiment towards CHPT, although it doesn't necessarily predict a near-term price fall. Compared to its peers, CHPT has a significantly higher short interest, suggesting more bearish sentiment among investors towards the company.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 4:00 pm

ChargePoint Holdings shares are trading lower following a downgrade by Goldman Sachs from Neutral to Sell.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 12:29 pm

In Tuesday's pre-market session, Maxeon Solar Technologies and other stocks like Neogen Corporation, Tilray Brands, DigiAsia Corp., InMode Ltd., GCT Semiconductor Holding, Rocket Companies, and ChargePoint Holdings recorded losses. Maxeon Solar's shares fell due to its Q4 revenue forecast being below market estimates. Neogen and Tilray Brands reported disappointing earnings and guidance, impacting their stock prices. Other companies also saw declines for various reasons, including upcoming financial results and analyst downgrades.

Portfolio Pulse from Avi Kapoor

April 09, 2024 | 11:42 am

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