ChargePoint Holdings, Inc. (CHPT)
After hours:
- Barrons.com
These Stocks Moved the Most Today: C3.ai, Tesla, U.S. Steel, Nvidia, NIO, Frontier Communications, HPE, ChargePoint, and More
Shares of C3.ai fall sharply after subscription revenue misses analysts’ forecasts, Tesla stock extends gains, and U.S. Steel rises after sliding on a report that President Joe Biden is moving closer to blocking its sale to Japan’s Nippon Steel.
- Barrons.com
ChargePoint Stock Sinks After a Tough Quarter. Here’s What Wall Street Thinks.
ChargePoint stock tumbled Thursday on mixed quarterly results and job cuts, but one Wall Street team says the decline presents a buying opportunity. Late Wednesday, the electric-vehicle charging company reported a loss of 16 cents per share, for its second fiscal quarter ended July 31, aligning with Wall Street’s forecast, according to FactSet. Revenue of $108.5 million fell short of the $113.5 million analysts had penciled in.
- StockStory
Why ChargePoint (CHPT) Shares Are Sliding Today
Shares of EV charging solutions provider ChargePoint Holdings (NYSE:CHPT) fell 19.9% in the morning session after the company reported second-quarter earnings results, with revenue and EPS missing analysts' expectations. Notably, revenue fell 28% y/y due to lower hardware sales. The weakness was concentrated in the network charging systems segment. The company observed delays in fleet deals due to permitting and construction challenges.
