EVgo Vs. ChargePoint: Tariffs, Technicals, And The Road To Profitability

Core Viewpoint - The EV market is experiencing a slowdown, but EVgo Inc (EVGO) is positioned more favorably than ChargePoint Holdings Inc (CHPT) due to better utilization, partnerships, and a clearer path to sustainable returns [1][2]. Company Positioning - EVgo is an owner-operator of DC fast-charging stations and is gaining traction with original equipment manufacturers (OEMs), rideshare, and autonomous fleets, which provides strong customer momentum and an attractive asset base [5]. - ChargePoint is struggling, with its stock trading below key moving averages, indicating a bearish sentiment and limited recovery potential [6]. Market Dynamics - The muted demand for electric vehicles (EVs) is impacting discretionary hardware purchases, favoring owner-operators like EVgo over hardware-software players like ChargePoint [2]. - Potential tariffs on hardware sourced from Taiwan could increase costs for both EVgo and ChargePoint, raising concerns about profitability as EV penetration estimates have been revised down from 11% to 9% for 2025 [4]. Financial Indicators - EVgo's stock shows bullish signals, trading above the eight-day, 20-day, and 50-day simple moving averages (SMAs), although it remains below the 200-day average, which is a longer-term bearish indicator [5]. - ChargePoint's stock is in a neutral position, trading below the eight-day, 50-day, and 200-day SMAs, with most indicators remaining bearish despite a minor bullish signal from a 20-day crossover [6].