ChargePoint Holdings Inc. (CHPT) PT Lowered to $25 at Roth/MKM

Go back to ChargePoint Holdings Inc. (CHPT) PT Lowered to $25 at Roth/MKM

Chargepoint (CHPT) tumbles on earnings miss and weak guidance; Needham reinstates at Buy

March 3, 2023 9:33 AM EST

ChargePoint Holdings (NYSE: CHPT) shares are trading lower today after the EV charging stations operator gave a weaker-than-expected Q1 forecast.

The company reported a loss per share of $0.23 on revenue of $152.8 million, missing the average analyst consensus for a loss per share of $0.19 on revenue of $165.1M. Overall, revenue soared 89% year-over-year,... More