Full Answer
Is ChargePoint stock a buy?
Since ChargePoint is the largest network, it’s naturally attractive to those looking to invest in EVs and charging infrastructure. However, there are some risks facing the company, and we must take a closer look before deciding whether ChargePoint stock is a buy. What is ChargePoint (NYSE: CHPT)?
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.
When is ChargePoint's next quarterly earnings announcement?
ChargePoint is scheduled to release its next quarterly earnings announcement on Tuesday, March 1st 2022. View our earnings forecast for ChargePoint. How were ChargePoint's earnings last quarter?
What is the ChargePoint Holdings Inc-Class A stock forecast?
The ChargePoint Holdings Inc - Class A stock forecast is 36.089002261752 USD for 2023 March 07, Tuesday. ChargePoint Holdings Inc - Class A stock forecast, CHPT price prediction: Buy or sell ChargePoint Holdings Inc – Class A shares? CHPT Price is 14.400 USD today. 1 year ChargePoint Holdings Inc - Class A Forecast: 36.089002261752 *
What will ChargePoint be worth in 2025?
Concluding Views on CHPT Stock In a December 2020 presentation, ChargePoint provided investors with a long-term revenue guidance. The company believes that revenue can accelerate to $1.5 billion in 2025 and $2.1 billion in 2026.
Is ChargePoint a good long-term investment?
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.
Will ChargePoint stock go up?
ChargePoint will report Q4 2021 earnings on March 2nd and provide forward guidance for 2022. EV sales exploded in 2021 with signs pointing towards more industry growth in 2022. CHPT stock has fallen near pre-SPAC IPO levels and now is a good chance to buy the dip while there is fear surrounding high growth stocks.
Is ChargePoint a good stock to buy now?
Even better, the company's growth is accelerating. In its fourth quarter, CHPT saw a 90% increase in revenue to $80.7 million year over year from $42.4 million. For the full-year, revenues jumped 65% year over year to $242.3 million.
What is the best EV charging company stock?
ChargePoint. Kicking off our list today is ChargePoint. ... Blink Charging. Following that, we have Blink Charging.Wallbox. Another notable EV charging stock worth watching is Wallbox. ... EVgo. Finally, we have EVgo, a company that owns and operates the nation's largest public direct current fast-charging network.
Is ChargePoint making money?
Its market cap has now risen to over $6 billion. For the fiscal year 2021, ChargePoint generated revenues of $146 million, up from the $144.5 million it recorded in 2020.
Is ChargePoint stock undervalued?
Chargepoint Hldgs shows a prevailing Real Value of $18.69 per share. The current price of the firm is $15.41. At this time, the firm appears to be undervalued....USD 15.41 0.08 0.52%LowEstimated ValueHigh9.5615.3421.12
Does Tesla work with ChargePoint?
Yes, all Tesla vehicles can charge at a ChargePoint station. Tesla vehicles use a different charger than the standard plugs at ChargePoint, so you'll need an adapter. For standard charging, you can use the adapter that came with the vehicle if you still have it.
Who is the largest producer of EV charging stations?
TeslaLargest EV Charging companies by Market Cap#Name1d1Tesla 1TSLA7.10%2ChargePoint 2CHPT16.05%3EVgo 3EVGO8.34%4Allego 4ALLG8.33%3 more rows
Why not to invest in ChargePoint?
Like Plug Power, ChargePoint stock is down big from its high as investors grow cautious of growth stocks that are vulnerable to higher interest rates. PLUG data by YCharts. Higher interest rates increase development costs, which is a problem for ChargePoint given the company is in revenue-growth mode.
Is ChargePoint a buy Zacks?
How good is it? See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy25.08%2Buy18.56%3Hold10.15%4Sell5.79%2 more rows
Is ChargePoint a buy right now?
14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ChargePoint in the last year. There are currently 5 hold ratings and 9 bu...
When is ChargePoint's next earnings date?
ChargePoint is scheduled to release its next quarterly earnings announcement on Tuesday, May 31st 2022. View our earnings forecast for ChargePoint .
How can I listen to ChargePoint's earnings call?
ChargePoint will be holding an earnings conference call on Tuesday, May 31st at 4:30 PM Eastern. Interested parties can register for or listen to t...
How were ChargePoint's earnings last quarter?
ChargePoint Holdings, Inc. (NYSE:CHPT) issued its quarterly earnings results on Wednesday, March, 2nd. The company reported ($0.26) earnings per sh...
What guidance has ChargePoint issued on next quarter's earnings?
ChargePoint issued an update on its FY 2023 earnings guidance on Wednesday, March, 30th. The company provided earnings per share (EPS) guidance of...
What price target have analysts set for CHPT?
14 Wall Street analysts have issued twelve-month price targets for ChargePoint's stock. Their forecasts range from $17.00 to $34.00. On average, th...
Who are ChargePoint's key executives?
ChargePoint's management team includes the following people: Mr. Pasquale Romano , Pres, CEO & Director (Age 57, Pay $859.17k) Mr. Michael D. Hu...
Who are some of ChargePoint's key competitors?
Some companies that are related to ChargePoint include Polaris (PII) , BRP (DOOO) , Nabtesco (NCTKF) , Wallbox (WBX) , Blink Charging (BLNK) ,...
What is ChargePoint's stock symbol?
ChargePoint trades on the New York Stock Exchange (NYSE) under the ticker symbol "CHPT."
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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About ChargePoint
ChargePoint Holdings, Inc. provides electric vehicle (EV) charging networks and charging solutions in the United States. It offers a portfolio of hardware, software, and services for commercial, fleet, and residential customers. The company was founded in 2007 and is headquartered in Campbell, California.
Headlines
Better Buy: ChargePoint or a 50/50 Split of Lucid and Rivian? - Motley Fool
ChargePoint (NYSE:CHPT) Frequently Asked Questions
14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ChargePoint in the last twelve months. There are currently 5 hold ratings and 9 buy ratings for the stock.
What is ChargePoint (NYSE: CHPT)?
Founded in 2007, ChargePoint has over 114,000 charging locations in operation as of September 2020. If you include stations with roaming integrations, the number comes to 133,000. And while that is the latest figure, ChargePoint continues to expand rapidly and the number will likely be much higher before long.
Quarterly Financials
The most recent earnings call for ChargePoint paints an interesting picture. Its revenue was up 61% year-over-year, bringing in $56 million for the quarter. However, net income was down 141% YoY, for a net loss of $85 million. Diluted EPS was up nearly 96% but was negative at 0.29.
Investor Sentiment
Although there are some risks for ChargePoint, investors are actually quite bullish on CHPT. In fact, various analyses show there is a bullish outlook for the stock in the short, mid, and long term.
ChargePoint Stock Predictions
In addition to its struggles to maintain profitability, some analysts point to a risk of commoditization in charging infrastructure. Think of it like gas stations: when filling up a gas-powered car, most of us would simply visit whichever gas station has the lowest price per gallon.
Is ChargePoint Stock a Buy?
To decide whether ChargePoint stock is a buy, you will have to decide whether you want to invest in charging infrastructure more generally. While ChargePoint has some potential risk factors, it is nonetheless the largest charging network in the world. Chargepoint is often compared to charging networks, such as Blink and EVgo.
A Closer Look at ChargePoint Stock
The EV industry is getting increasingly crowded, with various manufacturers battling for market share. This is exactly what makes ChargePoint so attractive, the company is poised to make money no matter which manufacturer becomes the dominant player. So, ChargePoint’s growth is proportional to EV penetration.
The Takeaway on ChargePoint
ChargePoint stock is one of the best stocks to buy to take advantage of the exponential growth of the EV market. ChargePoint should do well no matter who wins the “battle for the EV market.” All EV manufacturers will need EV charging infrastructure and ChargePoint is the dominant player in this field.
