According to CNN Business forecast, ChargePoint’s stock price could hit a high of $46 in the next 12 months, but it could also fall to a low of $24. The median share price for the company is expected to be $30 over the next year. In contrast, Stone Fox Capital is sceptical whether ChargePoint can benefit from the US infrastructure bill.
Is ChargePoint stock a great pick for long-term investors?
The growth of America’s electric-vehicle (EV) sector is also accelerating rapidly due to the elevated gasoline prices in the country. ChargePoint (NYSE: CHPT) stock is extremely well-positioned to benefit from this situation over the long-term, making it a great pick for long-term investors.
What does ChargePoint holdings'top-line growth look like in 2022?
Data source: ChargePoint Holdings. Having reported sales of $146.5 million in its fiscal 2021, which ended Jan. 31, ChargePoint expects top-line growth of 136% in fiscal 2022. According to management's longer-term outlook, impressive growth will remain fairly constant over the next few years.
How does ChargePoint make money?
While ChargePoint earns upfront revenue from hardware sales, it generates substantial revenue from its software. Its Software-as-a-Service model should help it grow recurring revenue, as hardware sales increase.
Can ChargePoint gain market share in the EV fast- charging market?
The success of ChargePoint will depend largely, in our opinion, on its ability to gain market share in the EV fast-charging segment. As of today, ChargePoint dominates the AC charging sector in the U. S. but fast charging is likely to play a big role in the adoption of EVs.
Is ChargePoint good investment?
ChargePoint Earnings are Racing Not only was that better than analyst expectations for $75.9 million, it was also better than company expectations for $75.9 million. For fiscal year 2023, CHPT expects for sales to come in between $450 million and $500 million. That is also above expectations for $418 million in sales.
Will ChargePoint be profitable?
The company is also unprofitable and is expected to remain unprofitable through at least the end of 2024. ChargePoint is investing for growth, building out its network of charging stations and services rather than concentrating on earning profits today.
Is ChargePoint stock undervalued?
Chargepoint Hldgs shows a prevailing Real Value of $16.86 per share. The current price of the firm is $12.51. At this time, the firm appears to be undervalued....USD 12.51 0.43 3.56%LowEstimated ValueHigh6.2712.1918.11
What is the Forecast for ChargePoint stock?
Stock Price Forecast The 18 analysts offering 12-month price forecasts for ChargePoint Holdings Inc have a median target of 24.50, with a high estimate of 46.00 and a low estimate of 16.00. The median estimate represents a +154.94% increase from the last price of 9.61.
Is ChargePoint growing?
ChargePoint's growth is related to EV penetration Though the pandemic impacted ChargePoint's sales in the company's fiscal year 2021 (ending Jan. 31, 2021), the sales rebounded in fiscal year 2022. Passenger EV sales in the U.S. are expected to grow at a compound annual growth rate (CAGR) of 41% from 2020 to 2026.
Is ChargePoint a long term investment?
ChargePoint is well positioned for sustained growth in the next few years. The company has also been widening its product pipeline, which will support growth. In a December 2020 presentation, ChargePoint provided investors with a long-term revenue guidance.
Is ChargePoint a buy today?
ChargePoint has received a consensus rating of Buy.
Is ChargePoint a sell?
ChargePoint is expected to reach $378 million in revenue by 2023, which means CHPT stock is currently valued at a future Price to Sales ratio of 12....Company.CompanyTTM RevenueChargePoint (NASDAQ:CHPT)$204 millionEVgo (NASDAQ:EVGO)$19 millionVolta (NYSE:VLTA)$28 millionBlink Charging (NASDAQ:BLNK)$15 millionFeb 18, 2022
Does ChargePoint pay a dividend?
ChargePoint Holdings (CHPT) does not pay a dividend.
What companies compete ChargePoint?
ChargePoint's top competitors include VOLTERIO, Envision Solar, Greenlots and ASR. ChargePoint is a technology company that operates an open electric vehicle charging network. VOLTERIO is a company developing automatic electric vehicle charging solutions.
What is Nio price target?
Stock Price Forecast The 30 analysts offering 12-month price forecasts for NIO Inc have a median target of 30.19, with a high estimate of 82.21 and a low estimate of 21.89. The median estimate represents a +46.36% increase from the last price of 20.63.
Why is ChargePoint dropping?
Earnings Fell Short. Shares of EV-charging company ChargePoint Holdings were falling Wednesday after it boosted revenue guidance but reported a fiscal third-quarter loss wider than a year earlier.
Will the electric vehicle charging company become profitable in a decade?
Rekha Khandelwal, CFA, is a long-term investor with a special focus on energy stocks. Rekha holds a master's in finance and has worked as a financial consultant. When she isn't writing, she can be found traveling to a new city or country.
Key Points
ChargePoint's revenue does not depend on the amount of electricity consumed at the company's chargers.
ChargePoint's focus on subscription revenue
To find the long-term growth prospects for ChargePoint, it is important to first understand how the company operates. The company earns revenue primarily from two sources -- hardware revenue by selling chargers and related equipment, and subscription revenue by selling software services and warranties.
Can ChargePoint become profitable?
The issue with ChargePoint, like other EV charging companies, is that while its revenue is growing, its losses are also mounting. In the third quarter, ChargePoint generated revenue of $65 million. Its net loss for the quarter stood at a loss of $69 million.
ChargePoint is well placed for long-term growth
A robust EV charging infrastructure is a key priority of the federal government, which plans to increase the number of public EV chargers in the U.S. to 500,000 by 2030. This focus bodes well for EV charging companies, including ChargePoint.
NYSE: CHPT
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The market for electric vehicles is expected to grow rapidly, and this company plans to keep playing a big role in powering them up
As President Biden's massive infrastructure bill proceeds through Congress, many investors have recognized that the proposed $7.5 billion investment in electric vehicle charging infrastructure it includes would represent a sizable opportunity for the companies already helping to keep the nation's EVs charged up -- companies like ChargePoint Holdings ( CHPT 0.51% )..
Powerful prospects across the pond
Over the past decade, ChargePoint has emerged as a leader in North America, and while its presence in Europe, where it began to operate in 2017, is smaller, management isn't paying the continent short shrift.
NYSE: CHPT
"Continuing to expand in Europe is key to our vision for growth, reinforced by anticipated increases in charging," said CEO Pasquale Romano. Investors, therefore, can expect the company to pursue growth opportunities in Europe like its planned acquisition of has·to·be E-mobility, a leading European provider of software to manage charging stations.
A peek at the P&L projections
Management's enthusiasm about the opportunity to expand in Europe and maintain its lead in North America may stoke investors' excitement about the company's prospects, but what could really amp up investors' interest is what management sees in its crystal ball regarding the company's finances.
How optimistic should investors be about ChargePoint's prospects?
Clearly, management is enthusiastic about ChargePoint's prospects over the next five years. Investors who are also bullish on the growth of EVs, however, should be a bit wary about how much credence they give to ChargePoint in terms of its ability to achieve its forecast targets.
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Investors are no longer patient with early-growth tech companies, especially in the electric vehicle sector
Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years.
Key Points
Hopes for growing future recurring revenue are being overshadowed by the macroeconomic environment.
What happened
EV charging network company ChargePoint Holdings ( NYSE:CHPT) has pretty much fallen out of favor with investors. Even after a big down month in December, when the stock dropped about 25%, shares in ChargePoint continue to fall.
So what
ChargePoint is a leading EV charging company in North America and is expanding in Europe. It has become one of the few EV companies going public through SPAC mergers to follow up with increasing revenue projections. The company has raised its calendar year 2021 annual revenue guidance in each of the past two quarterly reports.
Now what
This week's stock drop doesn't come with any current news from the company. ChargePoint provides electric fueling networks for commercial, fleet, and residential customers. It reported 79% year-over-year revenue growth in its recently reported fiscal 2022 third quarter, ended Oct. 31, 2021.
Solid Second-Quarter Results
ChargePoint released its second-quarter earnings results last week. Revenues of $56.1 million rose 61% from the prior year period. Moreover, it witnessed a healthy growth in its charging systems at 91% to $40.9 million.
Looking Ahead
The two acquisitions of Has.to.Be and ViriCiti show that the company is betting on European expansion. Has.to.Be is an e-mobility technology company with a top charging software platform.
Bottom Line on CHPT Stock
CHPT stock has climbed over 115% in the past-12 months. However, it has lost most of those gains at this point. That is, in fact, a great thing for investors, as it brings its price closer to its intrinsic value.
ChargePoint's network
ChargePoint is among the largest EV charging networks in North America and Europe. The company also offers DCFC. It has over 5,000 customers in the commercial and fleet market, which includes almost two-thirds of Fortune 50 customers.
Why CHPT stock is falling
Looking at the long-term picture, the fall in CHPT stock is due to a sell-off in all green economy stocks. Markets got a little too excited about the sector's prospects, which led to sky-high valuations. Now, the stocks have fallen and look much more reasonably valued than they did at the peak.
Will CHPT stock recover and go back up?
Wall Street analysts are bullish on ChargePoint stock. All seven analysts covering the stock rate it as a buy or some equivalent. Its median target price of $39 implies returns of over 35 percent over the next 12 months.
