Chargepoint Holdings Inc Stock Price, News & Analysis

ChargePoint Holdings, Inc. (NYSE:CHPT) reported its Q2 FY2025 financial results, with revenue of $108.5 million, down 28% year-over-year. The company's GAAP gross margin improved to 24% from 1% in the same quarter last year, while non-GAAP gross margin rose to 26% from 3%. Subscription revenue grew 21% to $36.2 million. ChargePoint announced a reorganization plan, including a 15% workforce reduction, expected to result in annualized GAAP and non-GAAP operating expense savings of approximately $41 million and $38 million, respectively. The company guides Q3 FY2025 revenue between $85-$95 million and targets positive non-GAAP Adjusted EBITDA during fiscal year 2026.

ChargePoint (NYSE: CHPT) has unveiled an AI-powered driver support tool to enhance the diagnosis and repair of EV charging stations. This industry-first solution allows drivers to submit photos of non-functional stations via the ChargePoint app, which then uses AI to identify issues and relay information to the Network Operations Center. This innovation aims to improve charging station uptime and reduce resolution times by eliminating the need for most on-site inspections.

The software streamlines the repair process by automatically alerting station owners and allowing drivers to track repair status in the app. This development is part of ChargePoint's ongoing investment in charging station reliability, demonstrating their commitment to maintaining a dependable EV charging network.

ChargePoint (NYSE: CHPT), a leading provider of networked EV charging solutions, has partnered with Daimler Buses to integrate its telematics and charge management systems with Mercedes-Benz and Setra brand buses. This collaboration aims to enhance software optimization for pure electric and mixed fuel fleets. The partnership offers seamless customer experience with fast and cost-effective onboarding in as little as a few minutes.

ChargePoint's systems analyze real-time data, important for efficient fleet operation and scaling. The agreement provides numerous advantages for customers with Mercedes-Benz and Setra buses or those preferring ChargePoint's software, eliminating the need for additional telematics hardware. Over 9,500 buses globally already use ChargePoint's fleet management system, many of which are Daimler Buses.

ChargePoint (NYSE:CHPT), a leading provider of networked EV charging solutions, has announced it will release its second quarter fiscal year 2025 financial results on September 4, 2024. The results will cover the period ending July 31, 2024. The company will host a conference call to discuss the results at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) on the same day. Investors can access a live webcast of the call from the "Events and Presentations" section of ChargePoint's investor relations website. A replay will be available after the call and archived for one year. The press release containing the financial results will be available on the investor relations website prior to the webcast.

ChargePoint (NYSE: CHPT) has introduced ChargePoint® Omni Port, an innovative EV connector solution that allows any electric vehicle to charge in any parking space, regardless of connector type. This technology eliminates the need for drivers to carry adapters and for site hosts to dedicate spaces to specific connector types. Omni Port combines the most common connector types into one charging port, supporting both Tesla and non-Tesla vehicles.

The solution will be incorporated into select ChargePoint AC and DC charging stations at no additional cost, offering a frictionless charging experience. Drivers can simply enter their vehicle details in the ChargePoint app or select the correct connector on the charger screen. Omni Port is designed to support all vehicle makes, including those with 800-volt architecture, ensuring maximum charging speeds.

ChargePoint (NYSE: CHPT), a leading provider of networked EV charging solutions, has reached a significant milestone. The company now offers drivers access to over one million charging places across North America and Europe, including public, private, and roaming ports. Additionally, ChargePoint's network has enabled more than 10 billion electric miles to date, with about 4 billion of those miles driven in the last year alone.

Through its mobile app, ChargePoint allows drivers to find, use, and pay for charging at relevant stations. The company estimates that drivers on its network have avoided over 410 million gallons of gasoline and more than 2.2 million metric tons of greenhouse gas emissions. This achievement underscores ChargePoint's commitment to delivering a seamless charging experience and supporting the growing demand for EV charging infrastructure.

ChargePoint (NYSE: CHPT) has announced its continued leadership in enabling DC fast charging at National Electric Vehicle Infrastructure (NEVI) program funded locations. The company has been selected for awards at more than 125 sites, totaling $75 million in proposed grant funding and representing nearly 600 fast charging ports across 20 U.S. states. ChargePoint's Express Plus charging stations, capable of delivering charge speeds up to 500kWh, are featured at all NEVI sites awarded to the company's customers or partners.

Rhode Island has become the first state to complete Phase 1 of the NEVI program, with two newly opened ChargePoint sites along Interstate 95. The NEVI program, part of the Infrastructure Investment and Jobs Act, aims to make ultra-fast charging accessible and reliable across U.S. highways with a $5 billion investment in EV infrastructure.

ChargePoint (NYSE: CHPT), a leading EV charging solutions provider, announces key appointments to boost its software-led EV charging platform. Mansi Khetani is named Chief Financial Officer, effective July 9, 2024. Khetani has been with ChargePoint since 2018, serving as interim CFO since November 2023. Ash Chowdappa joins as Chief Development Officer for Software, bringing 25 years of technology leadership experience, most recently from HPE Aruba Networks. Mitesh Dhruv, a seasoned finance professional, joins the Board and Audit Committee. These appointments aim to strengthen ChargePoint's leadership in EV charging infrastructure, leveraging extensive expertise in financial planning, product strategy, and software development.

ChargePoint (NYSE: CHPT), a leader in EV charging solutions, has announced significant updates to its be.ENERGISED platform. This European software now supports over 900 charging station models from 100+ manufacturers and includes the first payment terminal compliant with OCPI v2.2.1 standards and AFIR regulations. The enhanced platform enables eMSPs to provide drivers access to 750,000 stations across Europe, while CPOs can make their stations public through be.ENERGISED COMMUNITY roaming agreements.

The new CP6000 charger, offering scalable and reliable AC charging from 3.7 to 22kw per port, is also available. be.ENERGISED manages over 85,000 charging ports, facilitating 30 million charging sessions monthly, and includes features for VAT handling and automated invoicing. ChargePoint aims to futureproof both new and existing infrastructures, addressing the evolving needs of CPOs and eMSPs.