Why Is ChargePoint Holdings (CHPT) Stock Up +11.89% Today?
Key Takeaways
- Shares of CHPT climbed 11.89% to $10.16, extending a powerful post-earnings rally.
- The primary driver is a second-quarter earnings beat, with revenue and a narrower loss clearing Wall Street expectations.
- Secondary catalysts include record gross margins, near-zero cash burn, and bullish commentary from CEO Rick Wilmer.
- The move builds on Thursday's roughly 75% surge, reflecting a broad reset in sentiment toward the EV charging name.
- Traders are watching follow-through, forward guidance, and the company's path to adjusted EBITDA breakeven.
Opening Summary
ChargePoint Holdings, Inc. (CHPT), a provider of electric vehicle charging hardware, software, and services, extended its gains in today's session, rising 11.89% to $10.16 after closing the prior session at $9.08. The advance builds on the previous day's dramatic move, when the stock surged more than 70% following stronger-than-expected quarterly results. Rather than fading, the rally gained further traction as investors continued to digest a rare combination of accelerating revenue growth, sharply narrowing losses, and management confidence that the company's turnaround is only beginning.
Earnings Beat and Margin Improvement
The move is fundamentally an earnings-driven one. For its fiscal 2027 second quarter, CHPT reported revenue of $116.1 million, up roughly 18% year over year and well above the consensus estimate near $105 million. The adjusted loss per share of $0.35 also came in far narrower than the roughly $0.85 loss analysts had projected.
Just as important was the progress on profitability. The company's adjusted EBITDA loss narrowed to about $4.8 million, a roughly 78% improvement from the $22.1 million loss a year earlier, while non-GAAP gross margin reached a record 38%. Even excluding a one-time tariff refund of approximately $4.2 million, normalized gross margin came in around 35%, still a record. Management also highlighted essentially zero cash burn for the quarter, a milestone that reinforces the credibility of its cost-discipline strategy.
Management Momentum and Product Roadmap
Investor enthusiasm was amplified by forward-looking commentary from CEO Rick Wilmer, who described the surge as "the beginning of the momentum" and said growth "is starting to accelerate." The company has now posted four consecutive quarters of year-over-year revenue growth, with charging systems revenue rising 25% and subscription revenue up 10% in the latest period.
The product pipeline is central to the bullish narrative. CHPT is rolling out faster Level 3 DC fast chargers in Europe and next-generation Level 2 and Level 3 products for the U.S. market, including early-access shipments of the co-developed Express Solo DC platform. The company is also applying artificial intelligence to improve charging efficiency and shorten software development timelines, while expanding fleet partnerships such as its extended agreement with Mercedes-Benz in the U.K. and Germany.
Market Context and Trading Activity
The magnitude of the move is notable even for a stock known for volatility. Trading volume surged dramatically relative to its typical daily activity, consistent with heavy institutional and retail participation following the earnings release. The rally stands in contrast to a broader EV charging backdrop that has faced headwinds, including a slowdown in all-electric vehicle sales and the removal of certain federal EV incentives. Against that backdrop, CHPT is trading as a story of execution and margin improvement rather than pure demand growth.
Technically, the stock has now blown well past its recent trading range, reclaiming levels not seen in months and pushing toward its 52-week high territory, which analysts have cited near the low-to-mid $12 range. The follow-through in today's session suggests the prior day's gap higher was not an isolated short-covering event but a repricing tied to fundamentals.
What Comes Next for CHPT
Looking ahead, the market will focus on whether CHPT can sustain its momentum. Management guided fiscal third-quarter revenue to a range of $105 million to $115 million, implying only modest year-over-year growth of about 4% at the midpoint, a signal that the reported-quarter beat may not immediately repeat. Investors will also track the ramp of new fast-charging products, progress toward adjusted EBITDA profitability, and any developments in EV adoption and policy. Risks remain, including lumpy residential demand, competitive pressure in the charging sector, and the still-unrealized goal of consistent profitability.
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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: 10-day moving average crossed above 50-day moving average on September 03, 2026
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 12 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 86%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 49 of 66 cases where CHPT's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 74%.
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.
Following a +7.14% 3-day Advance, the price is estimated to grow further. Considering data from situations where CHPT advanced for three days, in 182 of 234 cases, the price rose further within the following month. The odds of a continued upward trend are 78%.
Bearish Trend Analysis
The 10-day RSI Indicator for CHPT moved out of overbought territory on September 21, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 17 similar instances where the indicator moved out of overbought territory. In 16 of the 17 cases, the stock moved lower in the following days. This puts the odds of a move lower at 90%.
The Momentum Indicator moved below the 0 level on October 02, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on CHPT as a result. In 75 of 79 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 90%.
The Moving Average Convergence Divergence Histogram (MACD) for CHPT turned negative on September 24, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 50 similar instances when the indicator turned negative. In 44 of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at 88%.
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 34 (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: P/B Ratio (9.930) is normal, around the industry mean (1.755). CHPT's P/E Ratio (8020.410) is considerably higher than the industry average of (241.673). CHPT's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.113). Dividend Yield (0.000) settles around the average of (0.017) among similar stocks. P/S Ratio (0.507) is also within normal values, averaging (1.033).
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 91, placing this stock worse than average.
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General Information
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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