ChargePoint Holdings, Inc. (NYSE:CHPT ) Q3 2025 Earnings Conference Call December 4, 2024 4:30 PM ET Company Participants Nandan Amladi - Vice President, Finance & Investor Relations Rick Wilmer - Chief Executive Officer Mansi Khetani - Chief Financial Officer Conference Call Participants Colin Rusch - Oppenheimer Bill Peterson - JPMorgan Mark Delaney - Goldman Sachs Steven Fox - Fox Advisors Joseph Osha - Guggenheim Partners Chris Dendrinos - RBC Capital Markets Chris Pierce - Needham Gabe Daoud - TD Cowen Patrick Ouellette - Stifel Craig Irwin - Roth Capital Partners Operator Ladies and gentlemen, good afternoon. My name is Abby, and I'll be your conference operator for today's call.
ChargePoint Holdings, Inc. (CHPT) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to loss of $0.29 per share a year ago.
ChargePoint (CHPT -2.46%) is at the leading edge of the electric vehicle (EV) transition. Although it doesn't make vehicles, it does provide the vital charging products and services that are needed for widespread adoption of EVs.
ChargePoint (CHPT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
In the closing of the recent trading day, ChargePoint Holdings, Inc. (CHPT) stood at $1.15, denoting a +1.77% change from the preceding trading day.
In the closing of the recent trading day, ChargePoint Holdings, Inc. (CHPT) stood at $1.12, denoting a +1.82% change from the preceding trading day.
Could the stock for this out-of-favor EV charging company bounce back in the future?
ChargePoint Holdings, Inc. (CHPT) closed the most recent trading day at $1.23, moving +0.82% from the previous trading session.
ChargePoint's alliance with LG and increasing U.S. plug-in vehicle sales support a positive long-term outlook for CHPT stock. A purchase of CHPT stock by Steve Cohen's Point72 hedge fund and significant institutional purchases of the shares in general increase my confidence in CHPT's future performance. Despite financial challenges and disappointing Q3 guidance, ChargePoint's partnership and market trends indicate potential for future growth.
The EV market isn't growing as quickly as hoped, and that will put pressure on companies that aren't industry leaders.
Chargepoint just announced another round of cost-cutting, which might be needed. But will it be the answer to the company's profit woes?
The charging business hasn't been all it was cracked up to be, but is a change in order?