“The company is well positioned to capitalize on industry and regulatory tailwinds given their premium asset-light business-to-business model, and strong North American market share. In a note, an analyst at Bank of America said: It also issued a weak forward guidance, as I wrote here. In its previous earnings report, the ChargePoint stock price plunged by over 20% after its results missed expectations. Analysts expect that its revenue came in at $128.36 million while its GAAP loss was at 23 cents per share.
The company is expected to make a profit of 14 cents in 2026 when its profit will hit $1.45 billion.ĬhargePoint stock price will react to the upcoming earnings scheduled for Thursday. They believe that the total loss will be 49 cents per share this year followed by 16 cents in 2025. The company hopes that these losses will narrow down in the coming years as it starts to slow its investments.Īnalysts believe that the company has two more years in the red. The losses part is understandable since rolling out a network of charging infrastructure across the country is expensive. But as expected, the company’s losses have also jumped from about $75.5 million to over $345 million. Its annual revenue jumped from $58.5 million in 2018 to over $448 million in 2022.
The growth of electric vehicles has been a good thing for ChargePoint. It does this by selling networked charging hardware that are connected through the cloud. The company has over 19,000 fast-charging ports in the United States. ChargePoint earnings previewĬhargePoint is the biggest companies in the electric vehicle charging industry. Still, it remains about 51% below the highest level in 2022. The stock popped to a high of $9.75, the highest level since April 5, ~25% above the lowest level this year. ChargePoint (NYSE: CHPT) stock price is in the spotlight this week as the company publishes its quarterly results.
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