Tel Aviv, Israel, Jan. 08, 2026 (GLOBE NEWSWIRE) -- Charging Robotics Inc. (OTC: CHEV) (the "company” or “Charging Robotics”), a technology company engaged in the development, production and installation of wireless charging systems for various applications, today announced significant progress on its landmark commercial project with Parking Design Ltd. Building on the company's first commercial order for the deployment of wireless charging systems in automatic parking facilities, Parking Design has issued ...

Core Insights - ChargePoint's stock surged over 22% following its third-quarter earnings report, raising questions about the sustainability of this recovery after a year of over 50% decline [3] - The rally is supported by fundamental improvements in operations, a strengthened balance sheet, and a clear growth roadmap [4] Financial Performance - ChargePoint reported third-quarter revenue of $105.7 million, exceeding analyst expectations and reflecting a 6% year-over-year increase, indicating resilient demand for its charging solutions [4] - The company achieved a record non-GAAP gross margin of 33%, up from 23% in the same quarter last year, driven by a 15% year-over-year growth in its high-margin subscription business [5] - Revenue from recurring software and service plans now constitutes 40% of total revenue, highlighting the strength of ChargePoint's scalable business model [5] Cost Management and Profitability - GAAP operating expenses decreased by 16% year-over-year, demonstrating effective cost-control measures [6] - ChargePoint narrowed its GAAP net loss by 32% to $52.5 million, marking significant progress towards profitability [6] Strategic Initiatives - A recent strategic debt exchange reduced total debt, lowered annual interest costs, and extended the company's financial runway [7] - Partnerships with major power management companies and expansion into the European electric vehicle market are expected to support future growth [7]

Supercharger Network Performance - American Superchargers achieved all-time record usage during the Thanksgiving period [1] - Supercharger stalls averaged 11.4 sessions per day [1] - Wait times at Superchargers were low, with only 0.76% of sessions experiencing waits [1] - The network facilitated over 2 million charging sessions [1] - Over 70 GWh (Gigawatt-hours) of electricity were delivered through the Supercharger network [1]

Core Viewpoint - ChargePoint Holdings, Inc. is a prominent player in the electric vehicle charging network sector, facing competition from companies like Tesla and Blink Charging [1] Financial Performance - ChargePoint reported a revenue of $105.67 million for the quarter ending in October 2025, representing a 6.1% year-over-year increase and exceeding the Zacks Consensus Estimate of $96.46 million by 9.55% [3][6] - The company's earnings per share (EPS) improved to -$1.32, better than the previous year's -$2.00 and surpassing the consensus estimate of -$1.35, resulting in an EPS surprise of 2.22% [4][6] Stock Performance - ChargePoint's stock is currently priced at $8.52, reflecting a 2.04% increase with a change of $0.17, and has fluctuated between $8.22 and $8.69 on the day [5] - Over the past year, the stock reached a high of $29.60 and a low of $7.30, with a market capitalization of approximately $199 million and a trading volume of 726,119 shares [5] Analyst Rating - RBC Capital reiterated its "Sector Perform" rating for ChargePoint, suggesting investors maintain their positions, while revising the price target downwards from $10 to $9, indicating a cautious outlook on the stock's short-term prospects [2][6]

Core Insights - Stellantis has adopted the North American Charging System (NACS) for select battery-electric vehicles (BEVs) in North America, Japan, and South Korea, allowing access to over 28,000 Tesla Superchargers starting in early 2026 in North America and in 2027 in Japan and South Korea [1][2][3] Group 1: Charging Infrastructure - The collaboration with Tesla enhances fast-charging convenience for Stellantis customers, empowering long-distance travel confidence [1][3] - Existing North American BEVs, including the Jeep Wagoneer S and Dodge Charger Daytona, will be the first to utilize the Tesla Supercharger network, followed by the 2026 Jeep Recon and other future models [2][3] Group 2: Strategic Goals - Stellantis aims to provide customers with more choice, coverage, and control over charging their BEVs, aligning with its strategy to meet consumer demand [3][4] - The company emphasizes its commitment to embracing the latest technologies and creating value for stakeholders through its diverse portfolio of brands [4]

Core Viewpoint - EVgo Inc. reported a fiscal third-quarter 2025 loss of 9 cents per share, aligning with analyst expectations, while quarterly revenue increased by 37% year-over-year to $92.3 million, surpassing consensus estimates [1] Financial Performance - The company’s revenue for the quarter was $92.3 million, exceeding the consensus estimate of $91.95 million [1] - EVgo raised its fiscal 2025 sales outlook from a range of $350 million-$380 million to $350 million-$405 million [3] Analyst Insights - JP Morgan analyst Bill Peterson maintained an Overweight rating on EVgo but reduced the price target from $7 to $6, citing ongoing EV demand headwinds likely to persist through 2026 [2] - Peterson anticipates that 2026 will be a transition year for EVgo, expecting full-year EBITDA positivity and second-half profitability as charging gross profit covers fixed costs [4] - The analyst predicts that first-quarter 2026 may see an EBITDA loss due to seasonal lower miles traveled, but growth is expected to accelerate thereafter, particularly in the second half of fiscal 2026 [5] Market Position and Strategy - Despite challenges, Peterson believes EVgo will gain market share as charge rates increase, with potential commercial benefits from dynamic pricing and partnerships with autonomous vehicle companies [3] - As EVgo scales, it is expected that operating leverage will improve, supporting better profitability [5]

Core Insights - Wallbox has launched the Supernova PowerRing, a modular fast-charging system capable of delivering up to 400 kW per outlet and scalable to 720 kW per site, aimed at enhancing electric vehicle (EV) charging infrastructure [2][9]. Product Features - The Supernova PowerRing is designed to optimize energy distribution among multiple chargers, allowing for intelligent power sharing to ensure optimal performance based on real-time demand [4][6]. - It can connect up to three Supernova units and six outlets, providing scalable capacities of 240, 480, or 720 kW to meet specific site requirements [5]. - The system's compact design allows for installation in various environments, including urban retail centers and commercial parking sites, while reducing deployment costs and accelerating time to market [8][9]. Future Developments - Future phases of the PowerRing will enhance its capabilities, including power sharing even when one connector is in use and the introduction of intelligent power-sharing algorithms to optimize performance across sites [7]. Market Strategy - The rollout of the Supernova PowerRing is expected to begin in Q1 2026, starting in Southern Europe, Benelux, and the UK/Ireland, with plans to expand into additional markets, including the United States [9].

Core Insights - Blink Charging Co. has launched the Shasta line of Level 2 EV chargers specifically designed for multifamily and fleet applications, emphasizing affordability and scalability [1][2][4] - The Shasta chargers include models Shasta 48 and Shasta 80, which offer charging capacities of up to 11.5kW and 19.2kW respectively, catering to various power availability and dwell times [3][4] - The launch reflects Blink's strategy to expand its product offerings and meet the specific needs of its customers in the EV charging market [3][4] Product Details - The Shasta chargers feature single-port solutions and are designed for easy integration into Blink's existing charging ecosystem, enhancing installation flexibility and operational efficiency [2][4] - Both models are equipped with environmental sensors, tamper alerts, and remote management capabilities, reinforcing Blink's commitment to safety and durability [3] - Shipments of the Shasta chargers are expected to begin in late November, allowing fleet and multifamily operators to manage usage and monitor performance effectively [4] Company Overview - Blink Charging Co. is a global leader in EV charging equipment and services, facilitating the transition to electric transportation through innovative solutions [5] - The company operates a proprietary cloud-based network that manages and tracks EV charging stations and associated data, supporting various location types including multifamily residences, workplaces, and transportation hubs [5]

Group 1: Tesla's V4 Supercharger Launch - Tesla has introduced its V4 Supercharger, which provides a charging capacity of 500 kW [1][2] - The V4 Cabinet Supercharger features over three times the power density and twice the number of stalls per cabinet compared to previous models, enhancing throughput and efficiency [2] - The first supercharging station for the V4 is located in Redwood City, California, and Tesla operates over 70,000 Superchargers globally [3] Group 2: Competitive Landscape - Former members of Tesla's Supercharger team have established a new company, Hubber, which aims to provide charging solutions for both passenger and fleet vehicles, including dedicated stations for autonomous vehicles [4] Group 3: Regulatory and Market Context - Tesla has urged the Trump administration to maintain the 2009 Endangerment Finding, which is crucial for U.S. climate action and emissions standards [5] - Ford and GM are extending EV incentives beyond the September 30 deadline, facilitating discounts for customers through their financing arms [6] Group 4: Tesla's Performance Metrics - Tesla scores well on Momentum and Growth metrics, with satisfactory Quality but poor Value, and shows a favorable price trend in the short, medium, and long term [7]

Charging Technology - Tesla V4 cabinets are available, supporting up to 500 kW charging [1] - The V4 charging system offers 3x power density and 2x stalls per cabinet [1] - Users can recover 44% of charge in 15 minutes with pre-conditioning at a low rate [1] Efficiency and Cost - The V4 charging system aims for higher throughput, higher efficiency, and lower cost [1] - Tesla anticipates faster deployments of the new charging infrastructure [1]