ChargePoint Holdings (CHPT -5.15%) stock made a solid comeback in December, but it's failing miserably to hold up this year so far. Shares of the electric vehicle (EV) charging infrastructure company plunged to a 52-week low this week and were trading 13% lower as of 10:40 a.m. ET Friday this week alone, according to data provided by S&P Global Market Intelligence. The EV charging stock is now down almost 30% year to date.With short interest as a percentage of float in ChargePoint stock rising further this ...

While seemingly everyone was talking about the electrification of mobility, a forced pit stop might yield a more favorable entry point for EV stocks to buy. Though electric vehicles are likely the future, the sector suffered a setback as the combination of sharply accelerating inflation and rising borrowing costs took their toll on consumers.At the end of 2022, the average price of an EV stood at $61,488. With interest rates soaring, consumers outside affluent income categories simply couldn’t afford to go ...

SAN DIEGO, Jan. 14, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of ChargePoint Holdings, Inc. (NYSE:CHPT) securities between June 1, 2023 and November 16, 2023, inclusive (the "Class Period"), have until January 29, 2024 to seek appointment as lead plaintiff of the ChargePoint class action lawsuit. Captioned Khan v. ChargePoint Holdings, Inc., No. 23-cv-06172 (N.D. Cal.), the ChargePoint class action lawsuit charges ChargePoint as well as certain of its t ...

From the company's recent 10-Q filing with the SEC, "ChargePoint generates revenue primarily through the sale of Networked Charging Systems, Cloud Services and extended parts and labor warranties." This does not include ChargePoint as a Service (CPaaS), which generates recurring revenue. In the third quarter of 2023, $73.9 million of the company's $110.3 million in revenue was from networked charging systems while just $30.6 million was from subscriptions.This is still, primarily, a company that sells charg ...

Shares of ChargePoint Holdings (CHPT 3.61%) were down 9.9% this week as of Thursday's close, according to data provided by S&P Global Market Intelligence, after the company announced a significant reorganization.ChargePoint's new CEO is taking the initiativeChargePoint stock only just rallied 26% in December 2023, rebounding from a disastrous November after the electric vehicle charging network provider abruptly lost both its CEO and chief financial officer.In a press release on Wednesday morning, the newly ...

CAMPBELL, Calif.--(BUSINESS WIRE)--ChargePoint (NYSE: CHPT), a leading provider of networked charging solutions for electric vehicles (EVs), today announced a strategic reorganization designed to improve financial performance and position itself for long-term, sustainable growth. The reorganization includes an approximately 12% reduction of the ChargePoint global workforce. The reorganization is expected to lead to approximately $14 million in restructuring charges, consisting of approximately $10 millio ...

ChargePoint Holdings' (CHPT -1.12%) CEO and CFO abruptly quit in November 2023, and the company projected weak numbers for its third quarter. These announcements dealt a huge blow to investors' confidence and sent shares of the electric vehicle (EV) charging infrastructure company crashing.The last month of 2023, therefore, surprised many when ChargePoint stock rebounded and surged 25.8%, according to data provided by S&P Global Market Intelligence. It turns out that the company's new management is trying t ...

ChargePoint Holdings (CHPT -2.42%) was once a hot company pushing the electric vehicle revolution forward. Its charging stations sprouted up like weeds, fueled by a shift toward the production of EVs as it looked to stake its claim in the $100 billion market opportunity.However, the EV company faces significant headwinds as losses keep piling up, and the stock is down 86% since the start of 2022. If you're considering buying ChargePoint today, there are three things you should consider first.1. ChargePoint ...

ChargePoint Holdings (CHPT 0.61%) shares have been on a roll lately. The stock has jumped nearly 25% over the past month. But shares of the electric vehicle (EV) charging network company would have been even higher if they hadn't dropped by 12.5% this week as of early Friday, according to data provided by S&P Global Market Intelligence.Interest rates matterLast month's rise in ChargePoint shares didn't come because of any good news from the company. The stock surged as many technology and growth stocks fell ...

Table of Contents (Mark One) For the quarterly period ended October 31, 2023 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-39004 Delaware 84-1747686 (State or other jurisdiction of incorporation or organization) (IRS Employer Identification No.) N/A Securities registered pursuant to Section 12(b) of the Act: Common Stock, par value $0.0001 CHPT New York Stock Exchange Indicate by check mark whether the registrant has submitted electroni ...