Global EV sales momentum may have slowed down, but investors have high hopes for ChargePoint. ChargePoint Holdings (CHPT 9.75%) shares made a dramatic comeback in July and surged a whopping 43.7%, according to data provided by S&P Global Market Intelligence. That's a huge rebound for a stock that lost one-third of its value in the first half of 2024. The electric vehicle (EV) charging infrastructure company was hitting the headlines for all the wrong reasons in recent months, including dwindling sales and m ...

ChargePoint's stock price has absolutely spiraled lower over the past three years, but a change in strategy could reverse its course. Investors initially bought into the hype surrounding ChargePoint (CHPT -3.52%) and other charging infrastructure companies. It was a logical direction with the electric vehicle (EV) industry poised to boom in the coming years. In fact, some of the biggest concerns facing potential EV customers are range anxiety and charging infrastructure availability, problems ChargePoint ca ...

Despite some bumps in the road, the electric vehicle (EV) revolution hasn't stopped in 2024. ChargePoint (NYSE:CHPT) continues to grow and provide powerful EV charging equipment in the U.S. and elsewhere. In the long run, ChargePoint will prevail against the skeptics and short sellers, and its stock could jolt up to four dollars, five dollars or even higher. I've already made the case that ChargePoint's financials, while not perfect, are improving in key areas. It's undeniable that some investors are worrie ...

It is evident that the electric vehicle (EV) industry has massive potential for long-term growth and sustainability, which makes these EV stocks a solid investment. In fact, there are more non-lucrative EV stocks than lucrative ones. This year, EV stocks experienced a massive price correction in the stock market, which segregated the profitable ones from the rest. ChargePoint (CHPT) ChargePoint (NYSE:CHPT) is an EV infrastructure company based in Campbell, California. It operates the world's largest online ...

Core Viewpoint - ChargePoint, the leading provider of electric vehicle charging infrastructure, is experiencing declining sales due to a shift in consumer preference from battery electric vehicles (EVs) to hybrids, resulting in a 71% drop in stock price over the past year [1]. Company Performance - ChargePoint reported a fiscal first quarter sales decline of 18% year-over-year to $107 million, which was slightly better than Wall Street's expectations, but no immediate recovery is anticipated [22]. - The company lowered its second-quarter revenue guidance from $150 million-$165 million to $108 million-$113 million [9]. - Despite the current challenges, ChargePoint aims to achieve positive non-GAAP adjusted EBITDA for the full fiscal year [16]. Strategic Shifts - ChargePoint is pivoting towards software development, which has higher profit margins, while deemphasizing hardware development [10]. - The company has formed partnerships with AcBel Polytech and Wistron NeWeb for co-development of charging hardware, and with LG Electronics for advanced EV charging hardware [4][24]. - By outsourcing hardware development, ChargePoint can focus on software, potentially boosting sales and improving profitability [11][12]. Market Position - ChargePoint operates approximately 35,000 stations and 63,300 ports, making it a leader in the charging infrastructure industry, although Tesla's network has a higher public profile with 7,000 locations and 36,000 ports [6]. - The EV industry is currently in a state of flux, with leading manufacturers like Lucid Group and Tesla reporting better-than-expected deliveries, while ChargePoint's stock is seen as attractively priced for potential investors [2][13][15]. Future Outlook - ChargePoint's recent partnerships are expected to lower operating costs and improve the bottom line, moving the company closer to its adjusted profit goals [17]. - Although immediate benefits may not be visible, investors should anticipate topline growth and incremental margin improvements in the future [19]. - For investors looking for a low-priced entry point into the EV industry, ChargePoint stock is considered a viable option [21].

On the date of publication, Samuel O'Brient did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. After struggling throughout the past month, ChargePoint (NYSE:CHPT) stock is closing out this week in the green. The electric vehicle (EV) charging company once held leader status in its sector. But throughout the past year, CHPT stock has dipp ...

The financial market abandoned electric vehicle charging equipment specialist ChargePoint (NYSE:CHPT) during this year's first half, but the story isn't finished yet. Indeed, I wouldn't be surprised if ChargePoint stock surges this year and eventually escapes from Penny Stock Land (i.e., breaks above the $5 penny-stock threshold). How did the ChargePoint share price get so far below $5 in the first place? Maybe investors are worried about EV demand. They may also be concerned that high interest rates will t ...

The quick answer is no, it is not too late to buy ChargePoint. But it might just be too early for all but the most aggressive investors. ChargePoint Holdings (CHPT -4.84%) is working to replace the gas station as it builds out a network of electric vehicle (EV) charging stations. As the world shifts from combustion engines to EVs, it is going to need companies like ChargePoint. But you aren't too late to jump aboard this upstart, though you might want to tread with extra caution if you are considering buyin ...

A conscious shift towards the adoption of sustainable electric vehicle technology has been a boon for the best EV charging stocks on the market. The commitment to encouraging the use of more 'clean cars' has led to significant increase in the presence of EV charging stations. This has served as a major tailwind for companies responsible for the deployment of these stations. Source: Michael Vi / Shutterstock.com Nevertheless, as macroeconomic conditions in the market improve, CHPT is one of the best EV charg ...

A Near-Perfect Setup for ChargePoint's Core Business On a technical note, CHPT stock is even more enticing because of its severe volatility in the prior day's session. However, Rivian's big news item may help provide a lifeline for the EV charging specialist. As for price targets, CHPT stock previously enjoyed support at $2. Therefore, I would expect the bulls to attempt to drive shares back to this point. Speculators could enjoy a very handsome return if this materializes. At this moment, I'm not a big fan ...