$CHPT

5 stories mentioning CHPTUpdated 16d ago

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ChargePoint (CHPT) shares jumped 74% amid heavy trading after the company reported a narrower Q2 loss and higher revenue late Wednesday.Intraday trading volume catapulted to over 33.6 million from a daily average of about 605,000.Snowflake (SNOW) lifted its full-year product revenue outlook and reported fiscal Q2 results above market expectations.Shares surged 21%, with intraday trading volume rising to over 15.6 million from a daily average of roughly 5.5 million.Palantir Technologies (PLTR) and PwC expanded their strategic alliance to help enterprises deploy artificial intelligence tools across critical business operations, PwC said Thursday.Shares rose 8%, with intraday trading volume at over 26.7 million, versus a daily average of about 41.0 million.Price: $8.89, Change: $+3.70, Percent Change: +71.19%

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Wire16d ago

ChargePoint in Strong Position to Self-Fund Path to Profitability, Oppenheimer Says

ChargePoint (CHPT) is working through inventory and is in a strong position to self-fund its path to profitability, Oppenheimer said in a note Thursday.Management expects inventory to continue declining through the year, supporting a path toward positive operating cash flow, the brokerage said. Non-GAAP operating expenses are expected to remain below $50 million in fiscal Q3, according to the note.Analysts said they are encouraged by initial traction with new products and view the company as a leading provider of autonomous vehicle charging infrastructure, which is seen to be nearing a "substantial" inflection point.The brokerage raised its fiscal 2027 revenue estimate to $444 million from $427 million, and lowered its adjusted loss estimate to $2.13 per share from a loss of $2.45.Oppenheimer has a perform rating on ChargePoint.Shares of ChargePoint climbed past 68% in Thursday trading.Price: $8.75, Change: $+3.56, Percent Change: +68.59%

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Wire16d ago

ChargePoint's Outlook Weighed Down by Slowing Charging Demand, RBC Capital Markets Says

ChargePoint (CHPT) would need to see demand for electric vehicle charging systems recover to achieve sustainable cash generation and earnings before interest, taxes, depreciation, and amortization, RBC Capital Markets said in a note Wednesday.The company's fiscal Q2 results came in better than expected, mainly driven by stronger networked charging systems revenue, margins that benefited from $4.2 million of tariff refunds, and higher residential charger sales, partly boosted by Amazon Prime Day, the brokerage said.Despite some recent positive EV demand trends, the overall demand is still too small to drive a near-term positive inflection in adjusted earnings before interest, taxes, depreciation, and amortization, analysts said. They noted that the company does not expect that surge in residential charging sales to repeat in fiscal Q3.ChargePoint is confident in the improvement of its revenue and margins due to a number of new product launches later in the year, according to the note.RBC Capital Markets has a sector-perform, speculative risk rating and price target of $6.50 on ChargePoint.Shares of the company climbed past 50% in Thursday trading.Price: $7.81, Change: $+2.62, Percent Change: +50.48%

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Wire17d ago

ChargePoint Q2 Loss Narrows, Revenue Rises

ChargePoint (CHPT) reported Wednesday Q2 loss of $1.35 per diluted share, compared with a loss of $2.85 a year earlier.Analysts polled by FactSet expected loss of $1.57.Revenue for the quarter ended July 31 was $116.1 million, up from $98.6 million a year ago.Analysts expected $105.2 million.ChargePoint expects Q3 revenue of $105 million to $115 million. Analysts expect $109.3 million.Shares of the company rose over 17% in after-hours trading.

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Wire47d ago

ChargePoint Teams Up With Mercedes-Benz for Fleet Electrification Projects in UK, Germany

ChargePoint (CHPT) said Tuesday it is launching an extended partnership with Mercedes-Benz to provide charging products for fleet operators in the UK and Germany.The partnership will provide Mercedes-Benz business clients with integrated services, from site planning through to installation, operation and service, the company said.Financial details were not provided.Price: $5.75, Change: $+0.23, Percent Change: +4.17%

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