ChargePoint (CHPT) Shares Climb +59% in 30 Days After Earnings Beat
Key Takeaways
- ChargePoint (CHPT) shares climbed roughly 59% over the last 30 days, from about $6.22 in early August to $9.89 by September 4, 2026.
- The advance was concentrated in a single catalyst: a stronger-than-expected fiscal second-quarter earnings report released September 2, 2026.
- Revenue rose 18% year over year to $116.1 million, above the company's own guidance range and ahead of analyst estimates.
- Record gross margins, sharply narrowed losses, and near-zero cash burn reinforced an emerging turnaround narrative.
- Over the full quarter, the stock is up about 37%, recovering from a mid-summer selloff tied to weak U.S. EV demand.
ChargePoint (CHPT) Business Model and Market Position
ChargePoint Holdings, Inc. is an electric vehicle (EV) charging technology provider headquartered in Campbell, California. Unlike some peers that own and operate charging sites, ChargePoint primarily supplies networked hardware, cloud software, and services to businesses, fleets, and property owners that host charging stations. This asset-light model pairs hardware sales with recurring subscription revenue, which helps diversify its income streams.
The company sells commercial-grade Level 2 and DC fast charging stations alongside a software platform that lets site hosts manage pricing, usage, and energy demand. It operates one of the largest commercial charging footprints in North America and Europe, with tens of thousands of locations in the United States alone. Investors follow CHPT closely because its fortunes are tied to EV adoption, fleet electrification, and the broader buildout of charging infrastructure.
CHPT Stock Price Performance: Last 30 Days vs. Quarter
Over the last 30 days, ChargePoint shares rose approximately 59%, moving from a closing price near $6.22 in early August to $9.89 on September 4, 2026. The move was not gradual. The stock traded in a relatively narrow $5–6 range for most of August before a dramatic single-session jump of about 75% on September 3, following the company's quarterly report, with a further advance the next session.
The quarterly picture is more volatile. Three months earlier, in early June, shares traded near $7.22. The stock climbed toward $8.30 by mid-June, then sold off sharply into late June and July, reaching the low-to-mid $5 range as concerns about slowing U.S. EV sales weighed on the sector. The early-September earnings-driven surge lifted the shares back above $9.80, leaving the stock up roughly 37% over the quarter despite the interim decline.
What Drove the Recent CHPT Rally
The dominant catalyst was ChargePoint's fiscal 2027 second-quarter report, released September 2, 2026. Revenue came in at $116.1 million, up 18% year over year and above management's prior guidance of $100 million to $110 million. Networked charging systems revenue grew 25% to $63 million, while subscription revenue rose 10% to about $44 million.
Profitability metrics also improved sharply. Non-GAAP gross margin reached a record 38% — or about 35% excluding a roughly $4 million one-time tariff refund — while the adjusted EBITDA loss narrowed to roughly $5 million from $22 million a year earlier. Management reported essentially zero cash burn for the quarter and roughly $96 million in cash, a combination that eased concerns about the need for additional capital raises. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
Investor sentiment was further supported by management commentary emphasizing new products, including the Express Solo DC fast charger co-engineered with Eaton, which the company says can charge a vehicle from 10% to 80% in about 11 minutes. Expanded partnerships with companies such as Mercedes-Benz and Eaton added to the constructive tone. The rally was largely company-specific: analysts have generally maintained Hold or Perform ratings, with an average price target below the post-rally share price.
Quarterly Performance Amid Broader EV Sector Pressures
ChargePoint's quarterly performance reflects a broader tug-of-war between improving company fundamentals and a challenging EV demand backdrop. Early in the quarter, the stock rallied as investors weighed progress toward profitability and momentum from new product launches. That optimism faded in late June and July, when the shares sold off as U.S. EV sales weakened following the expiration of federal purchase tax credits and broader softness in the charging-infrastructure sector.
Peers in the space, including EVGO and BLNK, faced similar sentiment pressures during the period. What ultimately set ChargePoint apart was its September earnings report, which demonstrated revenue growth, margin expansion, and reduced cash burn at the same time investors had grown skeptical. That combination triggered a sharp re-rating that erased the mid-summer losses and carried the stock to multi-week highs.
CHPT Stock Forecast Drivers: What to Watch Next
Several factors are likely to shape ChargePoint's trajectory in the coming quarters. First, the company guided third-quarter fiscal 2027 revenue to $105 million to $115 million, a midpoint implying roughly 4% year-over-year growth, so investors will watch whether results clear that range. Management also cautioned that elevated home-charging sales, which contributed to the second-quarter beat, may not repeat.
Beyond earnings, key watch items include the ramp of the Express Solo fast charger and whether early demand converts into sustained revenue, the durability of record gross margins now that the one-time tariff refund is out of the picture, and progress toward positive adjusted EBITDA and cash flow. On the macro side, U.S. EV adoption trends, the competitive landscape, and any shifts in policy or incentives remain important swing factors. The company's cash position, inventory reductions, and cost-control initiatives will also be scrutinized as signs of whether the turnaround can be sustained.
Exploring AI Tools for Tracking Market Moves
Investors seeking a more systematic way to track fast-moving stocks like CHPT can explore Tickeron's Trending AI Robots page. I find it helpful for reviewing how different automated strategies perform across changing conditions, which adds a data-driven layer to my own analysis without replacing it.
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Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
CHPT in upward trend: price rose above 50-day moving average on September 03, 2026
CHPT moved above its 50-day moving average on September 03, 2026 date and that indicates a change from a downward trend to an upward trend. In 35 of 42 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are 83%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on September 03, 2026. You may want to consider a long position or call options on CHPT as a result. In 60 of 76 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 79%.
The Moving Average Convergence Divergence (MACD) for CHPT just turned positive on September 03, 2026. Looking at past instances where CHPT's MACD turned positive, the stock continued to rise in 40 of 51 cases over the following month. The odds of a continued upward trend are 78%.
The 10-day moving average for CHPT crossed bullishly above the 50-day moving average on September 03, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 11 of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 79%.
Following a +90.56% 3-day Advance, the price is estimated to grow further. Considering data from situations where CHPT advanced for three days, in 183 of 236 cases, the price rose further within the following month. The odds of a continued upward trend are 78%.
The Aroon Indicator entered an Uptrend today. In 74 of 109 cases where CHPT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 68%.
Bearish Trend Analysis
The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CHPT declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 90%.
CHPT broke above its upper Bollinger Band on September 03, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is 1 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 36 (best 1 - 100 worst), indicating steady price growth. CHPT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 98 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: CHPT's P/B Ratio (9.930) is slightly higher than the industry average of (4.072). P/E Ratio (0.000) is within average values for comparable stocks, (35.702). CHPT's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.345). CHPT has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.035). P/S Ratio (0.515) is also within normal values, averaging (1.070).
The Tickeron SMR rating for this company is 100 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CHPT’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock worse than average.
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a blank check company, which formed for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, recapitalization, and reorganization
Industry SpecialtyStores
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