1 Wall Street Analyst Thinks ChargePoint Is Going to $2. Is It a Buy Around $1.30? [Yahoo! Finance]
ChargePoint Holdings, Inc. (CHPT)
Company Research
Source: Yahoo! Finance
Revenue fell 28% to $108.5 million for the second quarter of fiscal 2025, ended July 31, with a 44% decline in its networked charging systems segment to $64.1 million. However, its subscription revenue business rose 21% to $36.2 million. ChargePoint also narrowed its net loss on a generally accepted accounting principles ( GAAP ) basis from $125.3 million to $68.9 million, though it's still far from turning a profit. The company also said it would cut its workforce by 15% in an attempt to move closer to profitability. Amidst a challenging EV market backdrop , one Wall Street analyst moderated its expectations for ChargePoint but still sees upside in the EV stock. One analyst dims its view on ChargePoint Following ChargePoint's second quarter earnings release last week, TD Cowen cut its rating on the stock from hold to buy and lowered its price target from $3 to $2. Cowen said that the electric vehicle "recession" is still impacting the company, and while it saw some signs t
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CHPT
News
- Global Renewable Energy Market Expected to Reach $2.44 Trillion By 2032 as Government Initiatives & Policies Are Driving ForcesGlobeNewswire
- ChargePoint appoints David Vice as chief revenue officer [Seeking Alpha]Seeking Alpha
- ChargePoint Appoints David Vice as Chief Revenue OfficerBusiness Wire
- Is It Time to Give Up on ChargePoint Stock? [Yahoo! Finance]Yahoo! Finance
- Is ChargePoint Stock Headed to $1 After Revenue Warning Sinks Shares? [Yahoo! Finance]Yahoo! Finance
CHPT
Earnings
- 9/4/24 - Miss
CHPT
Sec Filings
- 9/16/24 - Form 8-K
- 9/9/24 - Form 10-Q
- 9/4/24 - Form 8-K
- CHPT's page on the SEC website