ChargePoint (NYSE:CHPT) Issues Quarterly Earnings Results

ChargePoint (NYSE:CHPT) announced its quarterly earnings results on Wednesday. The company reported ($1.75) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.11) by ($0.64), FiscalAI reports. ChargePoint had a negative net margin of 53.55% and a negative return on equity of 276.06%. The business had revenue of $101.82 million during the quarter, compared to analyst estimates of $95.64 million.

Here are the key takeaways from ChargePoint’s conference call:

• ChargePoint reported Q1 revenue of $102 million, above the top end of guidance and up 4% year over year, marking its third consecutive quarter of growth.
• The company said non-GAAP gross margin held at 32% and operating expenses declined, with management expecting further OpEx improvement as AI and product engineering efficiencies continue.
• Management highlighted strong demand for Express Solo, its new high-power DC charger, saying early access units are already committed and that the product should support a margin step-up as volume ramps later this year and into next year.
• ChargePoint said it ended the quarter with $96 million in cash and reduced inventory to $204 million, and it expects inventory to keep falling, potentially enabling positive operating cash flow later in the year.
• The company cited several customer and partnership wins, including its largest transit fleet order to date, expanded deployment with OBE Power, a new workplace charging relationship with Citi, and continued momentum with Eaton.

ChargePoint Trading Down 5.4%

CHPT opened at $7.73 on Thursday. ChargePoint has a twelve month low of $4.44 and a twelve month high of $17.78. The company has a quick ratio of 0.64, a current ratio of 1.20 and a debt-to-equity ratio of 10.73. The company has a fifty day moving average of $6.24 and a 200-day moving average of $6.65. The stock has a market cap of $182.74 million, a PE ratio of -0.83 and a beta of 1.74.

Analysts Set New Price Targets

Several brokerages have issued reports on CHPT. B. Riley Financial decreased their price target on shares of ChargePoint from $11.00 to $6.00 and set a “neutral” rating for the company in a research report on Friday, March 13th. JPMorgan Chase & Co. decreased their price objective on shares of ChargePoint from $8.00 to $5.00 and set an “underweight” rating for the company in a research report on Thursday, March 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of ChargePoint in a research report on Monday, April 20th. Royal Bank Of Canada decreased their price objective on shares of ChargePoint from $9.00 to $6.50 and set a “sector perform” rating for the company in a research report on Thursday, March 5th. Finally, Wall Street Zen upgraded shares of ChargePoint from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $8.63.

Key Headlines Impacting ChargePoint

Here are the key news stories impacting ChargePoint this week:

• Positive Sentiment: ChargePoint reported first-quarter fiscal 2027 revenue of $101.8 million, beating Wall Street estimates and showing year-over-year sales growth, which suggests demand for its EV charging products is holding up. ChargePoint Holdings, Inc. (CHPT) Reports Q1 Loss, Tops Revenue Estimates
• Positive Sentiment: The company guided second-quarter fiscal 2027 revenue to $100 million-$110 million, with a midpoint above consensus, and said its Express Solo product is ramping, which points to continued top-line momentum. ChargePoint expects $100M-$110M Q2 FY2027 revenue as Express Solo ramps
• Positive Sentiment: Adjusted/EPS results were better than expected in some reports, with the company’s loss narrower than analysts feared, reinforcing the idea that execution is improving even if profitability remains negative. ChargePoint Holdings Inc (CHPT) Q1 2027 Earnings Call Highlights
• Neutral Sentiment: Investors are also parsing the earnings call transcript and key-metric comparisons for signs of whether the revenue beat and guidance raise can outweigh ongoing heavy losses and margin pressure. ChargePoint Holdings, Inc. (CHPT) Q1 2027 Earnings Call Transcript
• Negative Sentiment: ChargePoint still posted a large GAAP loss of $1.75 per share, missing expectations, and the company remains deeply unprofitable, which may limit enthusiasm for the stock despite stronger sales. ChargePoint Reports First Quarter Fiscal Year 2027 Financial Results

Insider Buying and Selling at ChargePoint

In other news, CEO Richard Wilmer acquired 46,847 shares of the firm’s stock in a transaction dated Monday, April 13th. The stock was bought at an average cost of $5.34 per share, for a total transaction of $250,162.98. Following the completion of the transaction, the chief executive officer directly owned 511,224 shares in the company, valued at $2,729,936.16. This represents a 10.09% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 8,685 shares of company stock worth $46,031 in the last ninety days. Corporate insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted its position in shares of ChargePoint by 26.8% during the third quarter. BNP Paribas Financial Markets now owns 43,534 shares of the company’s stock valued at $475,000 after purchasing an additional 9,208 shares in the last quarter. Hsbc Holdings PLC bought a new position in shares of ChargePoint during the fourth quarter valued at about $73,000. EFG International AG bought a new position in shares of ChargePoint during the fourth quarter valued at about $72,000. Squarepoint Ops LLC lifted its position in shares of ChargePoint by 126.1% during the fourth quarter. Squarepoint Ops LLC now owns 26,668 shares of the company’s stock valued at $177,000 after purchasing an additional 14,871 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD bought a new position in shares of ChargePoint during the fourth quarter valued at about $125,000. 37.77% of the stock is owned by institutional investors.

About ChargePoint

ChargePoint (NYSE: CHPT) is a leading provider of electric vehicle (EV) charging solutions that designs, develops and markets charging hardware, software and services. The company’s portfolio includes Level 2 AC charging stations for residential, commercial and fleet applications, as well as DC fast charging systems suited for retail, hospitality and public use. ChargePoint’s integrated platform enables site hosts to manage charging infrastructure through cloud-based monitoring, analytics and billing tools, while EV drivers access and control charging sessions via a mobile app or RFID card.

Since its founding in 2007 and headquarters in Campbell, California, ChargePoint has built one of the largest open EV charging networks in the world.