ChargePoint Holdings Inc. (CHPT) PT Lowered to $20 at Evercore ISI
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EPA to scrap proposed EV volumes from biofuel blending rule
June 6, 2023 2:38 PM EDTReuters reports today, citing three unnamed sources familiar with the matter that the Biden administration is planning to discard a proposal to include the electric vehicle industry into the U.S. biofuel blending program. Additionally, the administration intends to retract tradable credits worth potentially billions of dollars that were associated with this initiative.
It was first reported in early May that the Environmental Protection Agency (EPA) was considering delaying the EV program over concerns the plan could trigger lawsuits. The... More
Ford's (F) deal with Tesla (TSLA) charges up industry and sparks standardization talks
June 6, 2023 7:58 AM EDTThe recent move by Ford Motor Co (NYSE: F) to grant its customers access to Tesla's (NASDAQ: TSLA) electric-vehicle charging network has caused significant waves in the industry. This decision has sparked discussions about the need for a standardized charging infrastructure across the United States and has also cast uncertainty on the future of struggling charging startups.
The deal, announced last month, outlined plans to provide drivers of Ford vehicles in North America with access to over 12,000 Tesla Superchargers, starting in 2024. Under the deal, Ford will... More
DA Davidson cuts estimates on Chargepoint (CHPT), maintains Buy
June 5, 2023 3:27 PM EDTDA Davidson reiterated a Buy rating on ChargePoint Holdings (NYSE: CHPT) and cut their 12-month price target on the stock to $15.00 (From $18.00) after adjusting estimates through their FY25 modeling period.
Analyst Matt Summerville reduced DA Davidsons top-line outlook for FY24/FY25,... More
