Could the stock for this out-of-favor EV charging company bounce back in the future?ChargePoint (CHPT 7.08%) hasn't minted any millionaires since its public debut. The builder of electric vehicle (EV) charging stations went public by merging with a special purpose acquisition company (SPAC) on March 1, 2021, and its stock opened at $32.30 with an enterprise value of nearly $9 billion.But today, ChargePoint's stock trades at just over $1 a share with an enterprise value of about $550 million. It lost more th ...

The latest trading session saw ChargePoint Holdings, Inc. (CHPT) ending at $1.23, denoting a +0.82% adjustment from its last day's close. This move outpaced the S&P 500's daily gain of 0.74%.Heading into today, shares of the company had lost 10.95% over the past month, lagging the Auto-Tires-Trucks sector's gain of 7.29% and the S&P 500's gain of 3.16% in that time.Market participants will be closely following the financial results of ChargePoint Holdings, Inc. in its upcoming release. On that day, ChargePo ...

The continued, fairly rapid growth of U.S. plug-in vehicle sales, along with ChargePoint's (NYSE: CHPT ) alliance with giant South Korean battery maker LG, bode well for ChargePoint's longer-term outlook. Also, importantly, ChargePoint is well-positioned to benefit from the proliferation of battery-electric trucks in the Analyst's Disclosure: I/we have a beneficial long position in the shares of EVGO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses ...

The EV market isn't growing as quickly as hoped, and that will put pressure on companies that aren't industry leaders. The electric vehicle market has been on a wild ride for the last few months. Demand for electric vehicles (EVs) has been disappointing, trade barriers are going up around the world, and a rush of planned stimulus spending in China changed the market's tune last week. According to data provided by S&P Global Market Intelligence, Luminar Technologies (LAZR 7.18%) fell 11.8% in September, Luci ...

Chargepoint just announced another round of cost-cutting, which might be needed. But will it be the answer to the company's profit woes? Chargepoint (CHPT 4.41%) is something of a picks-and-shovels play in the electric-vehicle (EV) sector. Providing the things that a growing industry needs has long been a strong business model, but Chargepoint is struggling to earn a profit. That's why it just announced plans to cut costs. Is this really a good idea? Chargepoint is a vital cog in EV growth Chargepoint suppo ...

The charging business hasn't been all it was cracked up to be, but is a change in order? Three years ago, ChargePoint (CHPT 4.41%) was worth over $8 billion and was seen as one of the big winners in the electric vehicle (EV) revolution. Now the company is worth just under $600 million, and the stock is dropping so fast that options are running out for financing the future. Where will the company be five years from now? The options are getting thin for ChargePoint. ChargePoint's operations are a mess It's no ...

The clean tech revolution is advancing rapidly, with both electric vertical takeoff and landing (eVTOL) aircraft and electric vehicle (EV) infrastructure playing pivotal roles. Companies like ChargePoint Holdings Inc CHPT and Siemens AG SIEGY are key players shaping the future of sustainable mobility, according to insights from JPMorgan analyst Bill Peterson. ChargePoint's Vision For EV Charging ChargePoint is staying ahead in the EV charging space, focusing on real-time charger visibility, AI-driven reliab ...

Which of these green energy stocks will stop turning red in the future? Plug Power (PLUG 10.68%) and ChargePoint (CHPT 0.73%) are both green energy stocks that delivered ugly red losses for most of their investors. Plug Power, which was once considered a promising play on the hydrogen fuel cell market when it went public in 1999, has dropped nearly 99% from its IPO price. ChargePoint, a leading builder of electric vehicle charging networks, has shed over 90% of its value since it went public by merging with ...

ChargePoint Holdings, Inc. (CHPT) , an electric vehicle (EV) charging solution provider, has been awarded more than $19 million through its partners to install 248 DC fast charging ports at 45 locations along California highways. These awards were recently approved by the California Energy Commission and California Department of Transportation as part of the state's initial allocation of National Electric Vehicle Infrastructure (NEVI) program funds. The new ChargePoint stations will be placed along some of ...

ChargePoint is building out an EV charging network. That's a costly endeavor, particularly for a company that's bleeding red ink. ChargePoint (CHPT -4.20%) started off with a host of positive bullet points when it reported fiscal secondquarter 2025 earnings results in September. The problem is that, once you dig beneath the surface, there are some troubling negatives to consider. And those negatives aren't likely to abate anytime soon. If you buy ChargePoint below $2 per share, you are making an aggressive ...