ChargePoint Holdings, Inc. (CHPT)

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…

The shares of ChargePoint (CHPT; $6.79; O/P) are now down 30% since its FQ1 (Apr) results in early-June (-22% since July-end) and -57% YoY ahead of its FQ2 (Jul) results and outlook, scheduled for September…

Yesterday (8/8), ChargePoint (CHPT; $7.90; O/P) announced “significant” investments in a range of software and solutions aimed at ensuring nearly 100% battery electric vehicle (BEV) charger uptime. We think this announcement highlights how the company…

We reiterate our Outperform on the shares of ChargePoint (CHPT; $8.59; O/P), which have languished YTD (-10% vs. +37% for NASDAQ) despite improving profitability on still robust top line growth prospects. Along those lines, we…

This morning, ChargePoint (CHPT; $7.51; O/P) formally announced availability of a North American Charging Standard (NACS) connector option for several of its Level 2 AC and DC fast chargers, including field updates for chargers already…

We hosted a “fireside chat” yesterday with ChargePoint’s (CHPT; $7.93; O/P) CEO Pasquale Romano, as part of our Transportation Technology Conference, which we think highlighted a range of significant investor misconceptions around the business we…

ChargePoint (CHPT; $9.07; O/P) shares dropped 7% on Friday (6/2) after the company posted another quarter of robust sales growth in FQ1 (Apr) with further gross margin improvements and opex discipline that led to some…

We see favorable risk/reward around the shares of ChargePoint (CHPT; $8.36; O/P) into the company’s FQ1 (Apr) results and outlook, which are scheduled for next Thursday (6/1 after market). The stock is now down 26%…