ChargePoint Holdings Inc. stocks have been trading up by 9.63 percent amid upbeat news on EV infrastructure growth and adoption
What Traders Need To Know
- Q2 loss narrowed more than expected with double-digit revenue growth, sending the stock up over 17% after hours and later spiking roughly 71–74% on heavy volume.
- Management reported record non-GAAP gross margin, guided Q3 revenue to $105M–$115M, and flagged Express Solo shipments, an Eaton partnership, and stronger European leadership as growth drivers.
- Oppenheimer sees ChargePoint Holdings Inc. reducing inventory and targeting self-funded profitability with operating expenses below $50M and positive operating cash flow, supporting a sharp intraday jump of nearly 69%.
- B. Riley lifted its CHPT price target from $6 to $8 but kept a Neutral stance, noting improved EBITDA visibility while warning recent strength includes short covering.
- A new overhead fast-charging system at Portland International Airport supports up to 20 rental cars at once, showcasing CHPT’s fleet-focused, real-world deployment.
Weekly Update Aug 31 – Sep 04, 2026: On Sunday, September 06, 2026 ChargePoint Holdings Inc. stock [NYSE: CHPT] is trending up by 9.63%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.
Consumer Discretionary industry expert:
Analyst sentiment – positive
ChargePoint holds a leading share in North American networked EV charging but remains structurally unprofitable, with EBIT margin at -44% and EBITDA margin at -37% on ~$412M trailing revenue. Revenue CAGR over five years is solid (~30%), yet three‑year decline shows cyclical and competitive pressure. Gross margin at 31% is improving but overwhelmed by opex and negative ROA (-32%) and ROE (-377%). Balance sheet quality is weak: negative equity, current ratio 1.2, quick ratio 0.5, and long‑term debt ~$224M.
Technically, CHPT has pivoted from a low‑single‑digit base into a momentum phase. The weekly sequence from ~$5.3 to ~$10, including a gap from ~$6.2 to ~$9.1, confirms a strong new uptrend driven by heavy post‑earnings volume and short covering. Intraday 5‑minute candles show elevated turnover and narrower spreads, indicating institutional participation rather than fleeting retail spikes. A concrete trading level is $8.80–$9.00: buyable on pullbacks above that band, with a protective stop near $7.80.
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- No Analysis Provided
Fundamentally CHPT still lags Consumer Discretionary and Retail‑Discretionary peers on profitability, cash generation, and balance‑sheet strength, but recent results and guidance show visible operating leverage and improving gross margins. Tactical catalysts include the Q2 beat, higher Q3 revenue guide, bullish commentary on self‑funding profitability, European leadership upgrade, and strategic fleet projects such as PDX airport. With sentiment inflecting and multiple expansion underway, I set a 6–12 month target of $11, with key support at $8.80 and resistance near $12–$12.50.
Quick Financial Overview
ChargePoint Holdings Inc. just put up the kind of quarter that forces traders to re-mark the chart. Revenue over the last year sits around $411.2M, with Q2 showing double-digit growth and a beat on both sales and EPS versus expectations. Gross margin near 30.6% and a record non-GAAP gross margin signal that hardware, software, and services are starting to scale more efficiently, even though the company is still losing money. Profitability remains weak, with EBIT margin around -44% and profit margin close to -50%, so this is still a turnaround, not a finished story.
On the balance sheet, ChargePoint Holdings Inc. runs with a current ratio near 1.2 and quick ratio about 0.5, which tells traders liquidity is adequate but not lush. Long-term debt of roughly $224.1M and negative book value reflect years of losses, yet Oppenheimer’s view that CHPT can move toward self-funding by holding operating expenses under $50M is key. Cash of about $96.2M plus inventory reduction and improving gross margin buy time, but the latest quarter still burned about $37.7M in free cash flow, so execution risk stays front and center.
The chart shows why CHPT is suddenly back on watchlists. On the weekly tape, shares climbed from a $5.19 low to a $10.09 high in a matter of days, with a huge surge from the $6.18 close to $9.48, then to roughly $9.95. That lines up with news of the earnings beat, raised Q3 guidance to $105M–$115M, and bullish commentary from Oppenheimer and B. Riley. Intraday, a 5-minute bar opening near $9.28 and pushing above $10 before closing under that level shows strong momentum with profit-taking into strength. For short-term traders, that $10 zone now acts as near-term resistance, while the prior $6–$7 breakout band becomes critical support.
Conclusion
This is stock news, not investment advice. StocksToTrade News delivers real-time stock market updates tailored to highlight the key catalysts driving short-term price movements. Our coverage is designed for active traders and investors who thrive in fast-moving markets, with a focus on volatile sectors like penny stocks, AI stocks, Robinhood stocks and other momentum plays. From earnings reports and FDA approvals to mergers, new contracts, and unusual trading volume, we break down the events that can spark significant price action.
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