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ChargePoint Holdings Inc - CHPT STOCK NEWS

Welcome to our dedicated news page for ChargePoint Holdings (Ticker: CHPT), a resource for investors and traders seeking the latest updates and insights on ChargePoint Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ChargePoint Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ChargePoint Holdings's position in the market.

Rhea-AI Summary
ChargePoint, EnTech Solutions™, and Wells Fargo collaborate to provide financing solutions for EV charging infrastructure, offering a simplified and flexible approach for businesses across the U.S.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1%
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none
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Rhea-AI Summary
ChargePoint, EnTech Solutions™, and Wells Fargo collaborate to provide financing solutions for EV charging infrastructure, offering a simplified and flexible approach for businesses across the U.S.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.16%
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none
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Rhea-AI Summary
AcBel Polytech Inc. collaborates with ChargePoint to develop EV charging solutions, leveraging Kinpo Group's resources. The collaboration aims to combine ChargePoint's leading position in the charging station market with AcBel's power design expertise and Kinpo's manufacturing capabilities to enhance AcBel's presence in the electric mobility market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.74%
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none
Rhea-AI Summary
ChargePoint (CHPT) and AcBel Polytech Inc. Partner to Develop EV Charging Solutions, Accelerating Product Development and Cost Efficiency
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.74%
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none
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Rhea-AI Summary
ChargePoint (NYSE:CHPT) to release Q4 and full fiscal year 2024 financial results on March 5, 2024. Conference call scheduled for review.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.62%
Tags
earnings
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Rhea-AI Summary
ChargePoint's global network dispensed over 1 TWh of energy in 2023, a 70% increase year-over-year, reflecting the growing demand for EV charging. The company saw a 53% increase in annual charging sessions, with a 49% year-over-year increase in active drivers. ChargePoint's network has generated over 8 billion electric miles, avoiding over 1.6 million metric tons of greenhouse gas emissions. The PR highlights the need for more charging infrastructure to meet the rising demand for EV charging.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.9%
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none
Rhea-AI Summary
ChargePoint (CHPT) has received Federal Risk and Authorization Management Program (FedRAMP) approval, making it one of the first providers of EV charging solutions to achieve this. The approval ensures best-in-class data security, dedicated cloud hosting for federal customers, and real-time visibility into data such as power use, energy costs, station usage, and session fees. This opens up potential opportunities in the U.S. federal government market, demonstrating ChargePoint's commitment to providing high standards of security for its customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.45%
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none
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Rhea-AI Summary
ChargePoint (CHPT) Announces Strategic Reorganization to Improve Financial Performance and Position for Sustainable Growth
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.61%
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none
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Rhea-AI Summary
ChargePoint Holdings, a leading provider of networked solutions for charging electric vehicles (EVs) (NYSE:CHPT) reported third quarter fiscal 2024 revenue of $110 million, a 12% decrease year-over-year. The GAAP gross margin was negative 22% and non-GAAP gross margin was negative 18%, reflecting a $42 million inventory impairment charge. The company plans to achieve positive non-GAAP Adjusted EBITDA in the fourth quarter of calendar year 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.76%
Tags
earnings
Rhea-AI Summary
ChargePoint (NYSE:CHPT) announced preliminary third quarter financial results for fiscal year 2024, with revenue falling short of expectations due to macroeconomic conditions and delivery delays. The company expects to take a non-cash impairment charge of $42 million and aims to achieve positive adjusted EBITDA in the fourth quarter of calendar 2024. Cash, cash equivalents, and restricted cash totaled approximately $397 million as of October 31, 2023. The company's $150 million revolving credit facility remains undrawn, and it has no drawn debt maturities until 2028.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-35.46%
Tags
earnings
ChargePoint Holdings Inc

NYSE:CHPT

CHPT Rankings

CHPT Stock Data

869.50M
382.75M
2.14%
47.2%
21.45%
Optical Instrument and Lens Manufacturing
Manufacturing
Link
US
Campbell

About CHPT

we’ve disrupted the energy and transportation industries by operating the world’s largest electric vehicle (ev) charging network. we design, build, and support the technology that powers our ev network, expanding daily into new areas. our mission: get everyone behind the wheel of an ev and facilitate the charging process, regardless of car model. learn more at chargepoint.com