Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
CAMPBELL, Calif. - ChargePoint Holdings, Inc. (NYSE: CHPT), a leading provider of electric vehicle (EV) charging solutions with annual revenue of $417 million, has announced the launch of five new ultra-fast charging locations across upstate New York. According to InvestingPro analysis, the company appears undervalued at its current market capitalization of $303 million, though investors should note its WEAK overall financial health score. The expansion is part of a collaboration with the New York State Energy Research and Development Authority (NYSERDA) and includes sites in Cortland, Waterloo, Lake Placid, Niagara Falls, and Ripley.
The initiative is aimed at bolstering the charging infrastructure to support the increasing number of EV drivers in the state. The collaboration underscores the importance of public-private partnerships in advancing the deployment of EV charging stations, particularly at the state level. While ChargePoint maintains a healthy current ratio of 1.93 and operates with moderate debt levels, InvestingPro data reveals the company is quickly burning through cash. ChargePoint’s CEO, Rick Wilmer, emphasized the accelerated scaling of much-needed EV infrastructure through such collaborative efforts.
NYSERDA’s President and CEO, Doreen M. Harris, highlighted the project’s alignment with the state’s goals to reduce pollution and enhance air quality. The support from NYSERDA’s Clean Transportation program helps to lessen the capital investment required for public charging sites, with a focus on expanding access in underserved communities. According to the press release, half of the fast-charging stations funded through this program will be situated in areas designated as disadvantaged by New York State’s Climate Justice Working Group.
Drivers can locate, use, and pay for the charging services at these sites through the ChargePoint mobile app. This development represents a step forward in ChargePoint’s ongoing mission to provide convenient charging solutions and contribute to the transition to electric mobility.
The information in this article is based on a press release statement from ChargePoint. For more details on EV charging funding programs available from NYSERDA, interested parties can visit the NYSERDA website. ChargePoint continues to expand its network, providing EV drivers with access to charging locations across North America and Europe. For deeper insights into ChargePoint’s financial health and growth prospects, including 15 additional ProTips and a comprehensive Pro Research Report, visit InvestingPro.
In other recent news, ChargePoint Holdings Inc. reported its fourth-quarter fiscal year 2025 revenue at $102 million, slightly surpassing analyst estimates, with a non-GAAP adjusted EBITDA loss of $17 million. The company’s gross margin improved to 30%, bolstered by increased subscription revenues. ChargePoint ended the quarter with $225 million in cash and no debt maturities until 2028, positioning it well financially. Looking ahead, ChargePoint anticipates first-quarter fiscal 2026 revenue between $95 million and $105 million, with an expectation of margin expansion throughout the year.
Benchmark analysts maintained a Buy rating for ChargePoint with a $3.00 target, citing confidence in the company’s growth prospects and path to adjusted EBITDA profitability by fiscal 2026. Stifel analysts held a Hold rating with a $2.00 target, noting the company’s better-than-expected gross profit and significant improvement in non-GAAP adjusted EBITDA loss. ChargePoint’s strategic initiatives, such as expanding its charging network and enhancing product offerings, are expected to support future revenue growth. The company has also been focusing on operational excellence, as evidenced by reduced operating expenses and improved financial metrics.
ChargePoint’s recent collaboration with General Motors aims to open GM Energy branded DC fast charging locations, further expanding its market presence. The company continues to innovate, introducing anti-vandalism technology to combat charger cable theft, which is offered industry-wide. Despite regulatory uncertainties, ChargePoint remains optimistic about its growth trajectory in the expanding electric vehicle market.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.