Why is ChargePoint stock falling?
On July 13, ChargePoint stock is falling after the company announced that some of the shareholders will be selling almost 13.8 million shares. These shares are being sold entirely by selling shareholders and aren't new shares issued by the company.
Who owns ChargePoint stock?
Company insiders that own ChargePoint stock include Christopher Burghardt, Colleen Jansen, Eric Sidle, Glazer Capital, Llc, Henrik Gerdes, Lawrence Lee, Michael D Hughes, Michael Linse, Neil S Suslak, Q-Grg Vii (Cp) Investment Part, Rebecca Chavez, Rex S Jackson, Tony Sanchez and William J Loewenthal.
What is the short interest in ChargePoint stock?
Based on an average trading volume of 9,780,000 shares, the short-interest ratio is presently 2.9 days. Approximately 14.0% of the company's shares are short sold. View ChargePoint's Short Interest.
Is ChargePoint (chpt) stock a buy after crushing guidance?
Is CHPT Stock a Buy After Crushing Guidance? 3 Analysts Weigh In on ChargePoint. ChargePoint (NYSE: CHPT) stock is rising higher on Thursday following the release of its earnings report for its fiscal fourth quarter of 2022.
Why is ChargePoint stocks 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.
What's going on with ChargePoint?
(CHPT) Reports Q1 Loss, Tops Revenue Estimates. ChargePoint Holdings, Inc. (CHPT) delivered earnings and revenue surprises of -16.67% and 8.70%, respectively, for the quarter ended April 2022.
Is ChargePoint a good stock to buy now?
In short, if you are looking to invest in an EV charging company, ChargePoint looks like the better bet. ChargePoint stock looks well-placed to generate market-beating returns. If the company manages to execute its plans, its stock could also prove to be a multibagger in the long run.
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 undervalued?
Chargepoint Hldgs shows a prevailing Real Value of $18.48 per share. The current price of the firm is $14.03. At this time, the firm appears to be undervalued....USD 14.03 1.48 11.79%LowEstimated ValueHigh8.0014.1120.22
Can I buy ChargePoint stock?
Buy ChargePoint shares from these brokerages Trade stocks in the app or online with $0 commissions.
Is ChargePoint a good 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.
Which stock is better ChargePoint or EVGO?
EVGo stock has done better than ChargePoint both year-to-date through early April and over the past year, even though ChargePoint is trading at a lower valuation....EVgo vs. ChargePoint: Recent performance.Company1-Year2022 Year-To-DateChargePoint Inc (CHPT)-40%-13%1 more row•Apr 7, 2022
Is ChargePoint a sell?
ChargePoint stock is right now trading close to its 52-week low, offering a more attractive entry point for investors looking to enter for the long term. But also note that the stock is still trading at a price-to-sales ratio of 27.
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.
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.
Who is the largest producer of EV charging stations?
Tesla. Probably the biggest name in EVs, their EV charging network is arguably the largest in the world. They own 25,000+ Superchargers globally and claim to fast charge Tesla vehicles in 15 mins.
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.
Do apartment buildings have EV charging stations?
In all likelihood, as EVs become tremendously popular, most apartment buildings will have to install many chargers in their garages or many apartment dwellers will utilize nearby commercial EV charging stations . Similarly, many employers, eager to be seen as green, are likely to install chargers for their workers.
Does ChargePoint increase demand?
As demand for charging stations consequently increases, ChargePoint’s growth can accelerate, and, if everything goes its way, it should be able to raise the prices that it charges for installing its stations, causing its growth and margins to climb.
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.
Who is the CEO of ChargePoint?
Reuters reported that the CEO of ChargePoint, Pasquale Romano , during the Websummit in Lisbon, Portugal said: Inconsistent requirements for charging stations across Europe are keeping the infrastructure for electric cars from growing as fast as it could.
Does ChargePoint own a charging station?
Therefore, ChargePoint does not own or operate any charging station. They provide their customers with the means to operate the stations themselves.
Will ChargePoint lose market share?
Though new competitors will enter the market and existing competitors will expand, it is likely that ChargePoint will lose some market share. ChargePoint major competitors are Blink, Beam, EVBox, EVgo (NASDAQ: EVGO), Greenlots (AMS:RDSA), Volterio, and all the local European companies that will grow in each country.
When will Chargepoint stock become publicly traded?
ChargePoint Holdings (NYSE:CHPT) stock officially became publicly traded in March 2021 after its merger with a SPAC was completed. The stock opened for trading at $28.5.. Source: Michael Vi / Shutterstock.com Between March 2021 and May 2021, the shares fell to $20 three times.
Is electric vehicle stock growing?
The shift from gasoline to battery-powered cars is now a fast-growing trend in the auto sector. Because of that, traditional automakers are moving aggressively towards electrification while fresh-on-the-scene electric vehicle (EV) companies work on innovative new technologies. So, EVs have received widespread support. Still, they continue to have their challeng
