BUZZ-ChargePoint jumps after Q3 revenue beat estimates
ChargePoint Holdings' shares rose 11.3% to $9.46 after Q3 revenue of $105.7 million beat estimates of $96.7 million. The company reported an adjusted net loss of $30.2 million, a 26% improvement from the previous year. CEO Rick Wilmer highlighted strategic partnerships and debt exchange as growth drivers. Despite the positive news, the stock is down 60.2% year-to-date. Analysts rate the stock as a "hold" with a median price target of $11.
Shares of EV charging network operator ChargePoint Holdings’ (CHPT.N) up 11.3% at $9.46 after Q3 revenue beat estimates
Co posts Q3 rev. of $105.7 mln, above analysts’ expectations of $96.7 mln – data compiled by LSEG
“Our debt exchange in November and partnerships like Eaton position us to accelerate growth and lead the future of e-mobility,” CEO Rick Wilmer says
Posts adj net loss of $30.2 mln, down 26% from $40.7 mln in the year ago quarter
Average rating of 11 analysts on the stocks is a “hold”; median PT at $11 - data compiled by LSEG
CHPT down 60.2% YTD, as of last close
