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Is ChargePoint Stock Headed to $1 After Revenue Warning Sinks Shares?
The Motley Fool· 2024-09-10 00:25
Or can the stock rebound? The past year has not been a good one for ChargePoint (CHPT -2.29%) and it only got worse after the electric vehicle (EV) charging solutions company reported weak fiscal second-quarter results and moved back its profitability forecast. With things looking dour for the company, let's take a closer look at its results and see if the stock is heading to $1 or if a rebound is in sight. Declining revenue Declining revenue has been a big issue for ChargePoint recently, with the company s ...
1 Wall Street Analyst Thinks ChargePoint Is Going to $2. Is It a Buy Around $1.30?
The Motley Fool· 2024-09-09 12:55
The charging network operator tumbled on its recent earnings report. Can the stock bounce back? ChargePoint (CHPT -5.75%) has long been struggling with a weakening electric vehicle (EV) market, and the charging network operator just dove on its latest earnings report. 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. Charg ...
ChargePoint(CHPT) - 2025 Q2 - Quarterly Report
2024-09-09 10:14
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number 001-39004 ChargePoint Holdings, Inc. (Exact name of registrant as specified in its charter) Del ...
Why ChargePoint Stock Is Plunging 25% This Week
The Motley Fool· 2024-09-05 17:50
ChargePoint is reorganizing. Is it too little, too late? ChargePoint Holdings (CHPT -17.75%) provided its quarterly update this week, and it disappointed investors. That, along with the bigger picture of electric vehicle (EV) sales, has investors dumping ChargePoint stock. As of Thursday afternoon trading, ChargePoint stock had tumbled by 25% this week, according to data provided by S&P Global Market Intelligence. That drove the stock near its 2024 lows and down nearly 40% year to date. ChargePoint revenue ...
Why ChargePoint Stock Is Crashing Today
The Motley Fool· 2024-09-05 16:06
The EV charging company's guidance disappoints, but is this an opportunity to buy the stock? ChargePoint Holdings (CHPT -18.34%) stock slumped this morning, plunging 23.1% at its lowest point in trading through 11:20 a.m. ET Thursday. ChargePoint operates the largest electric vehicle (EV) charging network in the U.S., but demand has failed to keep up with the company's expectations. The evidence lies in ChargePoint's latest quarterly numbers, released yesterday. Although ChargePoint's net loss shrank in the ...
ChargePoint Q2, Guidance Miss Expectations, Analysts Say: 15% Layoffs Could 'Create Efficiencies'
Benzinga· 2024-09-05 16:06
ChargePoint Holdings Inc CHPT shares tanked in early trading on Thursday, after the company reported downbeat second-quarter sales. The company reported its results amid an exciting earnings season. Here are some key analyst takeaways. RBC Capital Markets On ChargePoint Holdings Analyst Christopher Dendrinos maintained a Sector Perform rating while reducing the price target from $3.00 to $2.50. ChargePoint delivered a revenue miss, although its gross margins were better than expected, driven by "improved ha ...
ChargePoint to Trim Workforce to Drive Operational Efficiency
ZACKS· 2024-09-05 15:20
ChargePoint Holdings, Inc. (CHPT) , a provider of electric vehicle charging networks, plans to slash its headcount by 15% amid declining revenues. In the second quarter of fiscal 2025, the company's revenues fell 28% to $108.5 million from $150.5 million in the corresponding quarter of fiscal 2024. Networked charging systems revenues dropped 44% year over year to $64.1 million, while subscription revenues grew 21% year over year to $36.2 million. In the second quarter of fiscal 2025, GAAP and non-GAAP gross ...
Chargepoint: Massive Revenue Warning
Seeking Alpha· 2024-09-05 13:50
Arthur Kaszuba As the electric vehicle space continues to hit some bumps in its growth story, those trying to build out the necessary charging infrastructure have been hit hard. ChargePoint (NYSE:CHPT) shares have lost almost all of their value in recent years, as the company continues to miss long term sales growth estimates. On Wednesday, the company reported its fiscal Q2 results, and the news featured a major guidance disappointment for the current period. Previous coverage on the name: I've been bearis ...
ChargePoint Holdings: Sell On Elevated Cash Usage And Delayed Profitability Targets
Seeking Alpha· 2024-09-05 03:45
jetcityimage Note: I have covered ChargePoint Holdings, Inc. or "ChargePoint" (NYSE:CHPT), previously, so investors should view this as an update to my earlier article on the company. After the close of Wednesday's session, electric vehicle ("EV") charging solutions provider ChargePoint Holdings reported less-than-stellar Q2/FY2025 results, with both revenues and profitability missing consensus expectations. | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------|-------|----- ...
ChargePoint(CHPT) - 2025 Q2 - Earnings Call Transcript
2024-09-05 01:12
ChargePoint Holdings, Inc. (NYSE:CHPT) Q2 2024 Earnings Conference Call September 4, 2025 4:30 PM ET Company Participants Patrick Hamer - VP of Capital Markets and IR Richard Wilmer - CEO Mansi Khetani - Interim CFO Conference Call Participants Colin Rusch - Oppenheimer Stephen Gengaro - Stifel William Peterson - JPMorgan Steven Fox - Fox Advisors LLC Mark Delaney - Goldman Sachs Christopher Dendrinos - RBC Capital Markets Operator Ladies and gentlemen, good afternoon. My name is Abby and I'll be your confe ...