ChargePoint Holdings, Inc. (CHPT)

We make relatively modest changes to our F2025 and F2026E (Jan) sales and EBITDA forecasts for ChargePoint (CHPT; $1.22; E/W) after the company reported some better-than-expected FQ3 (Oct) results and offered up FQ4E (Jan) sales…

We are concerned that we may need to lower our F2025E/F2026E (Jan) sales and profitability forecasts somewhat further for ChargePoint (CHPT; $1.19; E/W) after the company reports its FQ3 (Oct) results on Wednesday (12/4 after…

On Friday (9/20), ChargePoint (CHPT; $1.37; E/W) disclosed it received $19mm+ in awards, through its partners, to deploy 248 direct current fast charging (DCFC) ports at 45 sites along certain highways in California. These awards…

ChargePoint (CHPT; $1.69; E/W) reported FQ2 (Jul) adjusted EBITDA that basically lived up to Street expectations, albeit on some moderately lower than expected sales. However, the company offered up disappointing FQ3E (Oct) guidance as it…

We think FQ2 (Jul) results and outlook from ChargePoint (CHPT; $1.84; E/W), scheduled for Wednesday, September 4th (after market), come with a relatively high degree of difficulty given all the moving pieces in recent months…

We think the FQ1 (Apr) print and guidance from ChargePoint (CHPT; $1.73; E/W) demonstrated meaningful financial progress off the company’s revamped strategy and enhanced focus on resource management, which was established under CEO Rick Wilmer…

Yesterday (5/22), we met with ChargePoint’s (CHPT; $1.73; E/W) CEO Rick Wilmer and Patrick Hamer, VP of Capital Markets, and IR, at the Advanced Clean Transportation (ACT) Expo in Las Vegas. Our conversations highlighted how…

We recently spent a couple of days at the EV Charging Summit & Expo in Las Vegas, which was very well attended by both electric vehicle (EV) OEMs and manufacturers of charging equipment as well…

We lower F2025E (Jan) sales for ChargePoint (CHPT; $2.00; E/W) from $538mm to $500mm after it reported a slightly better FQ4 (Jan) than we expected, albeit with a weaker than anticipated FQ1E (Apr) outlook, more…

We think progress on profitability and cash burn should be the key focus when ChargePoint (CHPT; $2.00; E/W) reports FQ4 (Jan) results next Tuesday (3/5 after market) given targets to turn adjusted EBITDA positive by…

Last night, ChargePoint (CHPT; $1.94; E/W) announced a “strategic reorganization”, including another reduction in the company’s headcount by 12% (vs. ~1,800 employees at the end of October), which new CEO Rick Wilmer believes will result…

ChargePoint (CHPT; $2.05; E/W) produced FQ3 (Oct) results that were consistent with our recently lowered estimates for the company’s negative pre-announcement (“Big Miss Leads to CEO & CFO Changes”; 11/17). We note consensus was relatively…

Last night, ChargePoint (CHPT; $3.13; E/W) negatively pre-announced a big top and bottom line miss to its FQ3 (Oct) guidance, which comes after the company just raised $232mm through an at-the-market facility on October 11th….

This morning, ChargePoint (CHPT; $4.06; E/W) announced it raised $175mm through its ATM equity facility with the issuance of 41.4mm shares of its common stock. More specifically, CHPT reached a commitment from a consortium of…

We lower our rating on ChargePoint (CHPT; $7.06) from Outperform to Equal-Weight after FQ2 (July) results disappointed even if we exclude an unexpected inventory write-down. CHPT also provided weaker than expected top and bottom-line targets…