![]() From concept to scale, ChargePoint’s fleet solution portfolio includes everything fleets need to electrify and optimize fueling as they grow. be and ViriCiti, ChargePoint now has the most complete set of solutions for electrified fleets in Europe and North America.ViriCiti, a fleet management software company with 2,500 networked portsĪccording to ChargePoint's press release, ViriCiti and Has-To-Be will help drive higher revenue and return value to shareholders:.Has-TO-Be, an EV charging company with 40,000 networked ports.Recent Acquisitions Will Increase Marketshare in EuropeĬhargePoint acquired 2 companies to grow its market share in Europe and scale revenue outside of North America. Revenue is growing alongside EV production and the company made 2 key acquisitions in Europe. ![]() Short-sellers have helped drive the stock down below key $20 support levels.įrom a fundamental standpoint, ChargePoint rebounded from the pandemic slowdown quite nicely. Gross margins shrunk to 19.2% and the company recorded a net loss of $84.9 million.ĮV investors got impatient and started dumping the stock like crazy. In Q2 2021, ChargePoint reported $56.1 million in revenue (Up 61% YoY) and raised its revenue guidance for the remainder of the year. I'm looking for companies with growing revenue and market share in fast-growing industries.ĬhargePoint checks off both these boxes despite dealing with a few short-term headwinds (I'll address those in a moment). ChargePoint Hit Record Revenue Despite All the HatersĮven though meme stocks and cryptocurrencies are what's hot now, I'm still a value-oriented fundamental investor at heart. Is ChargePoint a solid dip-buying opportunity for long-term gains? I'll discuss why I believe so even though things look bleak in the short term. Right now, ChargePoint faces several uncertain issues that have caused the bears and short sellers to tank the stock. When it comes to investing, I simply attempt to "be greedy when others are fearful and fearful when others are greedy". It's been a tough several months for CHPT stock after a massive January price surge. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.RoschetzkyIstockPhoto/iStock Editorial via Getty ImagesĬhargePoint ( NYSE: CHPT) is my favorite overall EV charging station stock to buy right now but that doesn't mean everything has been smooth sailing. compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. We may also receive compensation if you click on certain links posted on our site. ![]() We may receive compensation from our partners for placement of their products or services. While we are independent, the offers that appear on this site are from companies from which receives compensation. ![]() was founded in 2007 and is headquartered in Campbell, California.į is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. It offers a portfolio of hardware, software, and services for commercial, fleet, and residential customers. , together with its subsidiaries, provides electric vehicle (EV) charging networks and charging solutions in the United States and internationally. To put ChargePoint's beta into context you can compare it against those of similar companies.ĬhargePoint Holdings, Inc. This would suggest that ChargePoint's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns). The market (NYSE average) beta is 1, while ChargePoint's is 1.6764. volatility (beta: 1.00) Low Highīeta is a measure of a share's volatility in relation to the market. A popular way to gauge a stock's volatility is its "beta". Over the last 12 months, ChargePoint's shares have ranged in value from as little as $7.22 up to $19.92. We're not expecting ChargePoint to pay a dividend over the next 12 months. TTM: trailing 12 months ChargePoint share dividends All international money transfer services. ![]()
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