ChargePoint (CHPT) to Release Earnings on Wednesday

ChargePoint (NYSE:CHPT - Get Free Report) is projected to announce its Q1 2026 earnings results before the market opens on Wednesday, June 4th. Analysts expect ChargePoint to post earnings of ($0.05) per share for the quarter. ChargePoint has set its Q1 2026 guidance at EPS.

ChargePoint (NYSE:CHPT - Get Free Report) last issued its quarterly earnings results on Tuesday, March 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.01). The business had revenue of $101.89 million during the quarter, compared to the consensus estimate of $100.99 million. ChargePoint had a negative net margin of 72.62% and a negative return on equity of 106.28%. On average, analysts expect ChargePoint to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

ChargePoint Trading Down 3.5%

CHPT traded down $0.03 during midday trading on Friday, hitting $0.70. 24,947,737 shares of the company were exchanged, compared to its average volume of 16,977,666. The firm has a market capitalization of $319.82 million, a P/E ratio of -0.94 and a beta of 2.22. ChargePoint has a 1-year low of $0.51 and a 1-year high of $2.44. The firm's 50 day moving average price is $0.64 and its 200-day moving average price is $0.86. The company has a quick ratio of 1.24, a current ratio of 1.94 and a debt-to-equity ratio of 1.65.

Analysts Set New Price Targets

A number of research firms recently weighed in on CHPT. Stifel Nicolaus dropped their price target on ChargePoint from $2.00 to $1.00 and set a "hold" rating on the stock in a research note on Monday, March 10th. Evercore ISI downgraded ChargePoint from an "outperform" rating to an "in-line" rating and lowered their price objective for the stock from $4.00 to $1.00 in a research note on Monday, March 31st. Needham & Company LLC reissued a "hold" rating on shares of ChargePoint in a research note on Wednesday, March 5th. The Goldman Sachs Group lowered their price objective on ChargePoint from $0.75 to $0.50 and set a "sell" rating for the company in a research note on Thursday, April 10th. Finally, UBS Group lowered their price objective on ChargePoint from $0.70 to $0.65 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $1.52.

Hedge Funds Weigh In On ChargePoint

Several institutional investors have recently modified their holdings of CHPT. AQR Capital Management LLC grew its holdings in shares of ChargePoint by 6,429.1% in the first quarter. AQR Capital Management LLC now owns 2,679,217 shares of the company's stock valued at $1,553,000 after acquiring an additional 2,638,182 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of ChargePoint by 61.8% in the first quarter. Goldman Sachs Group Inc. now owns 3,790,823 shares of the company's stock valued at $2,293,000 after acquiring an additional 1,448,114 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of ChargePoint by 2,885.1% in the first quarter. Integrated Wealth Concepts LLC now owns 461,771 shares of the company's stock valued at $279,000 after acquiring an additional 446,302 shares in the last quarter. Focus Partners Wealth bought a new position in shares of ChargePoint in the first quarter valued at approximately $27,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of ChargePoint by 14.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 283,924 shares of the company's stock valued at $172,000 after acquiring an additional 36,097 shares in the last quarter. 37.77% of the stock is owned by institutional investors.

About ChargePoint

ChargePoint Holdings, Inc, together with its subsidiaries, provides electric vehicle (EV) charging networks and charging solutions in the North America and Europe. The company serves commercial, such as retail, workplace, hospitality, parking, recreation, municipal, education, and highway fast charge; fleet, which include delivery, take home, logistics, motor pool, transit, and shared mobility; and residential including single family homes and multi-family apartments and condominiums customers.