ChargePoint: Growth Concerns, Cash Burn, And Relatively Unattractive [Seeking Alpha]
ChargePoint Holdings, Inc. (CHPT)
Company Research
Source: Seeking Alpha
Play 11min Summary ChargePoint has weak fundamentals, declining revenue, and significant cash burn, which may lead to equity dilution. Macroeconomic headwinds and intense competition are slowing EV adoption, affecting ChargePoint's growth and leading to a 55% stock decline in the last 12 months. Despite cost-cutting measures and potential EBITDA improvements, ChargePoint's financial stress and delayed break-even guidance raise concerns about its ability to achieve sustained growth. Alternatives like Blink Charging and XCHG Limited offer better financial metrics and growth prospects, making them more attractive investments in the EV charging sector. Images By Tang Ming Tung/DigitalVision via Getty Images Investment Overview An April 2024 survey by Bloomberg Intelligence indicates that even with hurdles, vehicle electrification in the United States is “likely here to stay.” Based on the survey, it's likely that U.S. battery EV penetration This article was written by
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CHPT
News
- Monta and Emobi Partner to Deliver Efficient and Reliable EV Charging Solutions for Fleet Managers and EV Drivers [Yahoo! Finance]Yahoo! Finance
- ChargePoint Holdings, Inc. (NYSE: CHPT) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $3.00 price target on the stock.MarketBeat
- ChargePoint Holdings, Inc. (NYSE: CHPT) was downgraded by analysts at Needham & Company LLC from a "buy" rating to a "hold" rating.MarketBeat
- 2025 LEXUS RZ EXPANDS ITS ALL-ELECTRIC LINEUP [Yahoo! Finance]Yahoo! Finance
- ChargePoint Holdings, Inc. (CHPT) Rises As Market Takes a Dip: Key Facts [Yahoo! Finance]Yahoo! Finance
CHPT
Earnings
- 9/4/24 - Miss
CHPT
Sec Filings
- 11/12/24 - Form SC
- 11/8/24 - Form SC
- 11/6/24 - Form 4
- CHPT's page on the SEC website