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,...
What's happening with chpt stock?
Jan 14, 2022 · 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%...
What happened to ChargePoint Holdings stock in December?
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)...
Why did green economy stocks fall?
Dec 03, 2021 · Over just the past two months, the stock has soared 45% before then dropping 22%. Today, the shares of North America's leading EV charging network company are making another big move, dropping as...
Is CHPT a good stock to buy now?
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.Feb 18, 2022
Is CHPT a buy or sell?
Out of 10 analysts, 4 (40%) are recommending CHPT as a Strong Buy, 2 (20%) are recommending CHPT as a Buy, 4 (40%) are recommending CHPT as a Hold, 0 (0%) are recommending CHPT as a Sell, and 0 (0%) are recommending CHPT as a Strong Sell.
Is ChargePoint a buy?
ChargePoint Holdings (NYSE: CHPT) could be one of the most electrifying stocks of 2022. That is, if we see further progress on electric vehicle (EV) charging stations.Mar 4, 2022
What ETF holds CHPT?
ETF.com Insight The largest ETF holder of CHPT is the First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN), with approximately 2.31M shares. Investors may also find of interest that the ETF with the largest allocation to CHPT stock is ALPS Clean Energy ETF (ACES), with a portfolio weight of 3.56%.
Is CHPT a buy Zacks?
The Zacks database contains over 10,000 stocks....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.93%2Buy18.44%3Hold9.99%4Sell5.61%2 more rows
Is CHPT a shorted stock?
Short Shares Availability This table shows the number of shares of US:CHPT available to be shorted at a leading prime brokerage. It is not the total number of shares available to short, nor is it the short interest.
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
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.
Key Points
A secondary public stock offering appears to have been the biggest factor in the EV charging specialist's sell-off last month.
What happened
Shares of ChargePoint Holdings ( NYSE:CHPT) sank 31.9% in July, according to data from S&P Global Market Intelligence. The stock pulled back amid a new secondary share offering and market pressure hitting speculative and growth-dependent technology stocks.
So what
ChargePoint Holdings announced on July 14 that its underwritten secondary public offering of 12 million shares by certain stockholders would be priced at $23.50 per share.
Now what
ChargePoint Holdings stock has regained some ground early in August trading. The company's share price is up roughly 4.1% in the month so far.
ChargePoint launches a secondary offering a few months after closing its de-SPAC merger
Evan is a Senior Technology Analyst at The Motley Fool. He was previously a Senior Trading Specialist at Charles Schwab, and worked briefly at Tesla. Evan graduated from the University of Texas at Austin, and is a CFA charterholder.
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 after ChargePoint completed its merger with a special purpose acquisition company (SPAC).
So what
The secondary offering is being launched in order for existing shareholders, primarily early venture capital (VC) funds, to sell stock in an orderly fashion. ChargePoint is not issuing any new shares and will not receive any of the proceeds from the deal; this is not a dilutive capital raise.
Now what
ChargePoint is likely attempting to mitigate the risk of a sell-off associated with the expiration of lock-up agreements, which is scheduled for Aug. 26. The company's board has the ability to unilaterally waive the lock-up restrictions and is choosing to do so in this case for all of the shares being offered for sale.
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.
Who is the CEO of ChargePoint?
Pasquale Romano, ChargePoint CEO, joins Yahoo Finance to discuss the future of electric vehicles, Biden’s push to build a national network of charging stations for electric vehicles, and ChargePoint’s growth outlook.
What is electric vehicle?
The electric vehicle (EV) segment is an increasingly crowded space. Comprising a mix of both small startups sensing a disruptive opportunity and legacy auto makers afraid of getting left behind, the competition is only set to intensify as the decade progresses. Tesla, Nio, Ford and GM are all big names drawing most attention, but all these new energy vehicles need a supporting infrastructure. For EVs, the list includes battery systems, chips, data analysis tools, and charging stations, which is
