ChargePoint (CHPT) to Release Earnings on Wednesday

ChargePoint (NYSE:CHPT - Get Free Report) is anticipated to post its Q1 2026 quarterly 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 data on Tuesday, March 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.01). ChargePoint had a negative return on equity of 106.28% and a negative net margin of 72.62%. The business had revenue of $101.89 million during the quarter, compared to the consensus estimate of $100.99 million. On average, analysts expect ChargePoint to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

ChargePoint Stock Performance

NYSE:CHPT traded down $0.04 during mid-day trading on Thursday, hitting $0.72. 18,617,302 shares of the company's stock traded hands, compared to its average volume of 16,953,721. The company has a current ratio of 1.94, a quick ratio of 1.24 and a debt-to-equity ratio of 1.65. The firm has a market capitalization of $331.74 million, a price-to-earnings ratio of -0.98 and a beta of 2.22. The firm has a 50 day moving average of $0.63 and a two-hundred day moving average of $0.87. ChargePoint has a 12 month low of $0.51 and a 12 month high of $2.44.

Analyst Ratings Changes

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

Hedge Funds Weigh In On ChargePoint

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. increased its stake in 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 during the last quarter. AQR Capital Management LLC increased its position in shares of ChargePoint by 6,429.1% during the 1st quarter. AQR Capital Management LLC now owns 2,679,217 shares of the company's stock valued at $1,553,000 after purchasing an additional 2,638,182 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in ChargePoint by 2,885.1% in the 1st quarter. Integrated Wealth Concepts LLC now owns 461,771 shares of the company's stock worth $279,000 after buying an additional 446,302 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in ChargePoint by 14.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 283,924 shares of the company's stock worth $172,000 after buying an additional 36,097 shares in the last quarter. Finally, Focus Partners Wealth bought a new position in ChargePoint during the first quarter valued at approximately $27,000. Hedge funds and other institutional investors own 37.77% of the company's stock.

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.