ChargePoint (NYSE: CHPT) stock is losing power on Tuesday and it has to do with a recent stock offering announcement. The drop comes after the company announced that certain shareholders are planning to launch a secondary stock offering.
What happened to ChargePoint Holdings stock in December?
Aug 05, 2021 · ChargePoint Holdings stock is now down roughly 39% year to date. What happened Shares of ChargePoint Holdings ( CHPT -1.30% ) sank 31.9% in July, according to data from S&P Global Market...
What caused ChargePoint's sell-off?
Jul 13, 2021 · What happened Shares of ChargePoint (NYSE: CHPT) crashed today, down by 10% as of 3:30 p.m. EDT, after the company announced it is conducting a secondary offering. The news comes just a few months ...
What does ChargePoint's secondary offering of chpt stock mean for investors?
Jan 08, 2022 · What happened. Owners of ChargePoint Holdings ( CHPT-8.98%) stock needed a strong stomach to end 2021. After a 24% gain to start the fourth quarter in October, shares of the electric-vehicle (EV ...
Did ChargePoint holdings'announcement and completion of a secondary share offering spook investors?
Apr 01, 2022 · businesswire.com - April 7 at 9:46 PM. ChargePoint appoints Ekta Singh-Bushell to its Board of Directors. finance.yahoo.com - April 7 at 9:46 PM. ChargePoint (NYSE:CHPT) Shares Gap Down to $19.49. americanbankingnews.com - April 7 at 11:48 AM. AAP Team Gives the Lowdown on Costco, Ford, ChargePoint - TheStreet.
Why are ChargePoint stock dropping?
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.Dec 8, 2021
Is ChargePoint stock a good buy?
As noted by TheFly.com, “The analyst sees a good opportunity for investors following the stock's recent pullback. ChargePoint is well positioned to benefit from growth in all customer verticals in the U.S., and increasingly so in Europe, assuming resumed installations at work sites.”Mar 4, 2022
Is ChargePoint undervalued?
ChargePoint (CHPT $18.44 +2.39%) is a stock that's undervalued and overlooked as the company continues hitting home runs. This disconnect by Wall Street is the perfect setup for retail investors like you and me.
Is ChargePoint a profitable company?
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.Feb 3, 2022
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. But for fast charging, you'll need a CHAdeMO adapter.Aug 16, 2021
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 Buy24.93%2Buy18.44%3Hold9.99%4Sell5.61%2 more rows
Is ChargePoint shorted?
What is ChargePoint's current short interest? Short interest is the volume of ChargePoint shares that have been sold short but have not yet been closed out or covered. As of March 31st, investors have sold 28,440,000 shares of CHPT short. 19.61% of ChargePoint's shares are currently sold short.
What companies compete ChargePoint?
ChargePoint's competitors ChargePoint's top competitors include VOLTERIO, Envision Solar, Greenlots and Rightcharge. ChargePoint is a technology company that operates an open electric vehicle charging network.
Will CHPT stock recover?
With these numbers taken into consideration, which sees a five-fold increase from the current roster of public chargers in the U.S. at the moment, this suggests the industry leader of the EV charger companies, ChargePoint Holdings, (NYSE: CHPT) should have no trouble shrugging off the 2021 stock drop that halved its ...
Who bought ChargePoint?
Switchback Energy Acquisition CorporationImage courtesy of ChargePoint. 2021 has been a milestone year for the 15-year-old company. In March, it went public through a special purpose acquisition company (or SPAC) merger with Switchback Energy Acquisition Corporation—making it the first EV charging network of its kind to debut on the New York Stock Exchange.Aug 11, 2021