![]() Net loss increased sequentially by 0.5% to $84.9m in the second quarter, but lower than the $93.9m recorded in Q2 2020.ĬhargePoint will be announcing its third quarter financial result on 7 December, where the revenue is expected at between $60m to $65m. On a year-on-year basis, the second quarter revenue was up 61% from the same period in 2020. The group’s revenue jumped to $56.1m in the second quarter ending on 31 July 2021, up 26.2% from the previous quarter. ChargePoint’s fiscal year runs from 1 February to 31 January. ChargePoint’s revenue rises but remain in net lossĭespite the group’s expansion in Europe and higher revenue, ChargePoint’s financial result remained in the red. In June, ChargePoint collaborated with carmaker Mercedes-Benz USA to provide charging software in the vehicles, which will enable “a cross-charging network experience without the need for multiple charging network accounts, subscriptions or charging cards”. It is also developing software to overcome the challenge of charging across different network providers. In addition to the acquisition of charging network providers, ChargePoint also runs research and development facilities in the Netherlands, Austria and England. ![]() Demonstrating the company’s commitment to a superior charging experience and the expansion of electric mobility across the continent, ChargePoint also now provides around-the-clock support to drivers and station owners in multiple languages.” ![]() “Today, ChargePoint is commercially active in 16 European countries. Meanwhile in August, ChargePoint finalised the acquisition of eBus and commercial vehicle management provider ViriCiti.įollowing the acquisitions of has-to-be and ViriCiti, “ChargePoint is home to one of the largest collections of EV charging talent in Europe,” the group said. In October, ChargePoint announced that it had completed the acquisition of electric mobility platform has-to-be, a Austria-based charging network provider that operates over 40,000 charging points across Europe. The group has been growing globally through acquisitions over the past few years, and operates more than 150,000 charging ports in North America and Europe. ![]() While ChargePoint is not the only charging network provider in the US, it is an “undisputed front-runner in a market that is poised for explosive growth with the US government’s backing,” said analyst David Moadel.ĬhargePoint started operation in 2007 and is focussed solely on providing EV charging. Want to learn more about ChargePoint stock market? Read this ChargePoint stock analysis to find out the latest CHPT stock news and CHPT stock price prediction. With more countries rolling out electrification programs to meet their net-zero emission targets, several analysts are bullish on ChargePoint’s future stock price. Since the listing, ChargePoint share prices hit a record-high at $36.86 on 29 June and fell in the third quarter before rebounding in October. The company listed on the NYSE on 1 March and raised approximately $480m in net proceeds from its initial price offering. In March 2021, ChargePoint (CHPT) became the world's first charging network provider to publicly trade. Although prices have since dropped and last closed at $23.52 on 1 December, ChargePoint stock value was still 21.8% above where it traded at the beginning of October. The New York Stock Exchange (NYSE)-listed company’s stock price jumped to a four-month high to close at $27.69 a share on 17 November, up 43.4% from the $19.31 on 1 October. US-based electric vehicle (EV) charging network infrastructure provider ChargePoint Holdings’ stock prices rose at the beginning of the fourth quarter, as the global electrification movement gathers pace. ChargePoint (CHPT) stock forecast: will prices be lifted? – Photo: Shutterstock
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