U.S. stocks are falling as investors worry about rising interest rates
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September 8, 2023 8:52 AM EDT
RBC Capital Markets has initiated coverage of ChargePoint Holdings (NYSE: CHPT) with an Outperform rating and a 12-month price target of $9.00 on the EV charging equipment company.
Analyst Chris Dendrinos wrote in a note, We believe the robust product portfolio, differentiated strategy, and asset-light business model position it to be a key beneficiary of positive secular trends in vehicle electrification and growing demand for charging infrastructure. Our positive outlook on the industry and favorable view of CHPTs... More
September 7, 2023 10:44 AM EDT
Chargepoint Holdings Inc. (NYSE: CHPT) shares plunged significantly on Thursday after the company missed second-quarter earnings and revenue expectations.
The electric vehicle infrastructure company reported a loss per share of $0.35, $0.22 worse than the analyst estimate of a loss of $0.13 per share after... More
