And while EPS increased, it was still negative overall. Although its revenue and EPS saw YoY increases, it saw decreases in all other areas. Overall, this quarter was not the best for ChargePoint. Those two figures came in at -$74 million and -151%. Both operating income and net profit margin were down YoY, at -50% and -216%, respectively. Diluted EPS was up nearly 96% but was negative at 0.29. However, net income was down 141% YoY, for a net loss of $85 million. ![]() Its revenue was up 61% year-over-year, bringing in $56 million for the quarter. The most recent earnings call for ChargePoint paints an interesting picture. Its IPO was the result of a special purpose acquisition (SPAC) in which it merged with Switchback Energy Acquisition Corporation. It operates in 14 countries including the U.S., Mexico, Canada and Australia.ĬhargePoint stock went public in late 2020 and is now available on the New York Stock Exchange. And while that is the latest figure, ChargePoint continues to expand rapidly and the number will likely be much higher before long.ĬhargePoint headquarters is located in Campbell, California. If you include stations with roaming integrations, the number comes to 133,000. However, there are some risks facing the company, and we must take a closer look before deciding whether ChargePoint stock is a buy.įounded in 2007, ChargePoint has over 114,000 charging locations in operation as of September 2020. Since ChargePoint is the largest network, it’s naturally attractive to those looking to invest in EVs and charging infrastructure. And with more EVs in development, the demand for charging will inevitably increase. ChargePoint is the largest charging network in the world.Įlectric vehicles are generating a lot of interest from investors these days as a slew of new EVs hits the market. The plus sign, in this case, refers to positive and negative charges. ![]() Anyone who has driven an electric vehicle is probably familiar with ChargePoint stock and the plus sign that is seen throughout its branding.
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