ChargePoint(CHPT)

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7 Electric Vehicle Stocks to Avoid as They Continue to Sputter
Investor Place· 2024-06-21 10:45
I continue to believe that the electric vehicle industry will grow in the long term. Of course, investors need to moderate their growth expectations and the markets are already discounting that factor. Therefore, the correction in EV stocks is a good opportunity to accumulate quality names. Having said that, there are more EV stocks to avoid than EV stocks to buy. I would therefore remain very cautious in the stock selection process. It's interesting to note that the markets are already segregating the pote ...
7 Penny Stocks to Sell in June Before They Crash & Burn
Investor Place· 2024-06-19 16:00
The stock market continues to climb. But in this case, a rising tide isn't necessarily lifting all boats. Traders are looking to penny stocks for big upside, particularly as the rest of the market has already rocketed higher. But there is little reason for hope for these seven penny stocks to sell. These struggling companies are in sorry condition, and investors should get their cash out of these stocks before it's too late. Source: Stephanie L Sanchez / Shutterstock.com Since then, Nikola pivoted the busin ...
Porsche Cars North America to integrate ChargePoint into Charging Service
GlobeNewswire News Room· 2024-06-13 13:12
Core Insights - Porsche Cars North America, Inc. (PCNA) has signed an agreement with ChargePoint to enhance charging options for its electric vehicle (EV) customers, increasing access to over 86,000 chargers across the United States [6] - The partnership will integrate ChargePoint's network into the My Porsche app, allowing users to find, use, and pay for charging stations seamlessly [7] - This collaboration supports Porsche's strategy to expand its EV offerings, including the upcoming Taycan and Macan Electric models [6][7] Company Overview - ChargePoint is a leading provider of EV charging solutions, operating one of the largest charging networks since its establishment in 2007 [9] - Porsche Cars North America, Inc. has been the exclusive U.S. importer of various Porsche models since 1984 and is headquartered in Atlanta, Georgia [10] Industry Context - The partnership aligns with the growing demand for EV infrastructure as more consumers transition to electric vehicles [6][9] - Porsche is also exploring the implementation of the North American Charging Standard (NACS) and adapter solutions for accessing the Tesla Supercharger network [8]
Porsche Cars Canada to integrate ChargePoint into Porsche Charging Service
GlobeNewswire News Room· 2024-06-13 13:01
This new partnership bolsters the existing integration with Electrify Canada, allowing both Porsche EV and PHEV customers to find, use and pay at ChargePoint and roaming partner charging stations via the My Porsche app. The additional charging stations will become available in Q4 2024. In late 2023, Porsche announced the planned implementation of the North American Charging Standard (NACS) charging port for future products in the North American region. In addition, the company is exploring adapter solutions ...
Why ChargePoint, SunPower, and Sunnova Energy Stocks All Popped Today
The Motley Fool· 2024-06-12 17:52
Lower inflation plus lower interest rates plus high short interest is making three renewable energy stocks winners ... for now. That means inflation is going down (for now), and it means momentum stocks are going up (for now). Through 1 p.m. ET today, shares of SunPower (SPWR 1.83%) are up 1.1%, ChargePoint Holdings (CHPT 2.51%) gained 2.5%, and Sunnova Energy International (NOVA 11.84%) raced ahead with a 10.8% increase. What do a residential solar-power company, an electric-car charging company, and a dis ...
3 Meme Stocks to Avoid Even During Peak Frenzy
Investor Place· 2024-06-11 18:39
However, some type of catalyst is needed from a business perspective to support a big rally. Truly, stocks will disappoint during the next meme frenzy. This column discusses three meme stocks to avoid as they represent businesses with weak fundamentals coupled with absence of any positive catalysts from a business growth perspective. Let's talk about the reasons that make these meme stocks unattractive. Source: shutterstock.com/EchoVisuals GameStop holds $1.1 billion in cash as of Q1. However, that's unlike ...
ChargePoint Stock: Buy, Sell, or Hold?
The Motley Fool· 2024-06-11 08:52
ChargePoint's (CHPT -1.11%) stock hit a record high of $46.10 on Dec. 24, 2020. At the time, investors were dazzled by the electric vehicle (EV) charging network builder's explosive growth rates. But today, its shares trade at less than $2. ChargePoint's stock plummeted as the EV market cooled off, it faced more challengers, it racked up more losses, and rising interest rates compressed its valuation. ChargePoint is the top builder of EV charging stations in North America and Europe, with over a million cha ...
ChargePoint's Management Is Too Optimistic About The Future
Seeking Alpha· 2024-06-10 13:16
ChargePoint Holdings, Inc. (NYSE:CHPT) reported a relatively lackluster Q1 '25 earnings release, with 3 sequential quarters of revenue decline in total sales deriving from headwinds in their networked charging systems. On the back of waning consumer interest in electric vehicles, commercial sales appear to be falling off as customers defer purchases to later time periods, with verbiage targeted at infrastructure and construction headwinds. Though management remains optimistic about turning around the compan ...
ChargePoint(CHPT) - 2025 Q1 - Quarterly Report
2024-06-06 20:10
N/A Common Stock, par value $0.0001 CHPT New York Stock Exchange Large accelerated filer x Accelerated filer o Non-accelerated filer o Smaller reporting company o Emerging growth company o Table of Contents Signatures 82 | --- | --- | |-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...
ChargePoint (CHPT) Upgraded to Buy: Here's What You Should Know
ZACKS· 2024-06-06 17:01
Core Viewpoint - ChargePoint Holdings, Inc. (CHPT) has received an upgrade to Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates and potential stock price movement [1][2]. Earnings Estimates and Stock Performance - The upgrade reflects an upward trend in earnings estimates, which is a significant factor influencing stock prices [3][11]. - Analysts have raised their earnings estimates for ChargePoint, with the Zacks Consensus Estimate increasing by 2.8% over the past three months [13]. Zacks Rating System - The Zacks Rank system categorizes stocks based on earnings estimate revisions, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [4]. - ChargePoint's upgrade places it in the top 20% of Zacks-covered stocks, suggesting a strong potential for near-term price increases [7][14]. Earnings Outlook - ChargePoint is expected to earn -$0.34 per share for the fiscal year ending January 2025, reflecting a year-over-year change of 57% [5]. - The rising earnings estimates indicate an improvement in ChargePoint's underlying business, which could lead to higher stock prices as investors respond positively [11].