Chargepoint Holdings Inc Stock Price, News & Analysis

ChargePoint Holdings (NYSE: CHPT) has been recognized by Cleantech Group as the 2022 Global Cleantech 100 Graduate of the Year for becoming a publicly traded company in the Energy, Power, and Mobility category. This award highlights ChargePoint’s commitment to green mobility and builds on its previous accolades, including its retirement to Cleantech's 'Hall of Fame' in 2018. ChargePoint has maintained a presence on the Global Cleantech 100 lists multiple times since 2010, showcasing its leadership in sustainable innovation.

ChargePoint Holdings reported a 79% year-over-year revenue increase for Q3 fiscal 2022, hitting $65.0 million compared to $36.4 million last year. Networked charging revenue soared 111% to $47.5 million, while subscription revenue rose 24% to $13.4 million. The company raised its full-year revenue guidance to $235 - $240 million. It activated approximately 163,000 ports, including 45,000 in Europe, and completed acquisitions of has·to·be and ViriCiti, enhancing its e-mobility capabilities.

ChargePoint Holdings (NYSE: CHPT) has appointed Elaine L. Chao to its board of directors. Chao, a former U.S. Secretary of Labor and Transportation, brings significant policy and mobility expertise, enhancing the company's leadership diversity. Her extensive experience spans public, private, and nonprofit sectors, with notable board roles at organizations including Kroger Co. and Wells Fargo. This strategic addition aims to strengthen ChargePoint's position as a leader in the electric vehicle charging network, contributing to the advancement of its mission to create a comprehensive fueling network.

ChargePoint Holdings, Inc. (NYSE:CHPT) will release its third quarter financial results for the period ending October 31, 2021, on December 7, 2021, after market close. A conference call to discuss the results will occur at 1:30 p.m. Pacific time. Investors can access a live webcast on ChargePoint's investor relations website, with a replay available afterward. ChargePoint is a leader in electric vehicle charging networks, offering solutions for various charging scenarios across North America and Europe, having delivered over 98 million charging sessions to date.

ChargePoint Holdings (NYSE:CHPT) has appointed Lisa Mulrooney Gross as the new Chief People Officer. She joins from Fitbit, where she was instrumental during its acquisition by Google. In her role, she will focus on enhancing company culture and workforce expansion to support ChargePoint's growth across North America and Europe. The company has recently entered the public markets and completed two key acquisitions, which increased its talent pool significantly. CEO Pasquale Romano emphasized the importance of scaling talent to meet the rapid electrification demands.

ChargePoint Holdings, Inc. (NYSE:CHPT) has successfully completed its acquisition of has·to·be, enhancing its position in the European EV charging market. This acquisition, along with the earlier acquisition of ViriCiti, reinforces ChargePoint's capability to provide a comprehensive suite of EV charging solutions in both Europe and North America. With over 150,000 charging ports, ChargePoint is committed to accelerating electric mobility and reducing greenhouse gas emissions. The company has doubled its talent pool in Europe and is positioned to lead in commercial and fleet segments.

ChargePoint Holdings reported a 61% year-over-year increase in revenue, reaching $56.1 million for Q2 of fiscal 2022. The company raised its full-year revenue guidance to $225 - $235 million. As of July 31, it activated over 118,000 ports, with significant growth in North America and Europe. Despite the strong revenue performance, ChargePoint posted a GAAP net loss of $84.9 million, largely due to stock-based compensation. The gross margin decreased to 19.2%, driven by increased costs. ChargePoint expects Q3 revenue of $60 - $65 million.

ChargePoint Holdings (NYSE:CHPT) will release its financial results for Q2 ended July 31, 2021, on September 1, 2021, after market close. A conference call with management will follow at 1:30 p.m. PT (4:30 p.m. ET) to discuss the results. Investors can access a live webcast on ChargePoint's investor relations website, where a replay will be available for one year. ChargePoint continues to enhance its electric vehicle charging network and has facilitated over 92 million charging sessions since 2007, showcasing its strong presence in the EV market.

ChargePoint (NYSE:CHPT) has announced the acquisition of ViriCiti for approximately €75 million, enhancing its fleet electrification capabilities in North America and Europe. ViriCiti specializes in electrification solutions for eBus and commercial fleets, boasting over 150 fleet operators and 3,500 connected vehicles. This acquisition, alongside the pending purchase of has·to·be, solidifies ChargePoint's commitment to expanding its portfolio of electric vehicle (EV) charging solutions. The integration aims to optimize electric fleet operations, ensuring cost-effective operational readiness.