ChargePoint Holdings Inc - Ordinary Shares - Class A Stock News

Chargepoint just announced another round of cost-cutting, which might be needed. But will it be the answer to the company's profit woes?

The charging business hasn't been all it was cracked up to be, but is a change in order?

ChargePoint (CHPT) stock price has imploded this year, falling by over 41% while the S&P 500 and Nasdaq 100 have surged to a record high. It has also underperformed other electric vehicle charging companies like EVGo and Blink Charging.

Plug Power is struggling to expand its niche hydrogen fuel cell business. ChargePoint faces tough macro and competitive headwinds.

ChargePoint provides products and services to the electric vehicle charging market. Infrastructure of the types it provides is vital for making the wider adoption of EVs viable.

CAMPBELL, Calif.--(BUSINESS WIRE)--ChargePoint (NYSE: CHPT), a leading provider of networked charging solutions for electric vehicles (EVs), announced today the trends it believes will propel EV charging growth. ChargePoint is working across all market segments and all classifications of electric vehicles to remain the leader in charging innovation, developing products now for this future ecosy...

ChargePoint is providing a valuable service to the electric vehicle market as it creates its charging network. Although vital to the development of the EV space, charging networks are costly to build.

CAMPBELL, Calif.--(BUSINESS WIRE)--ChargePoint (NYSE: CHPT), a leading provider of networked charging solutions for electric vehicles (EVs), has received awards, through its partners, of more than $19 million to deploy 248 DC fast charging ports at 45 sites along California highways. The awards were approved last week by the California Energy Commission (CEC) and California Department of Transp...