Oppenheimer Reiterates Perform Rating on ChargePoint Holdings Inc. (CHPT)

Oppenheimer analyst Colin Rusch reiterated a Perform rating on ChargePoint Holdings Inc. (NYSE: CHPT).

The analyst commented: "While CHPT delivered results slightly below consensus and guided revenue 12% below Street estimates for JulQ25, we see important signs of industry rationalization and CHPT executing on the opportunity to be the dominant player in the space. We are encouraged by its relationship with Eaton and expect the partnership to introduce solutions for grid stability and potentially rate arbitrage. At the same time, we believe its AC solution will support incremental sales growth. As competition continues leaving the market we expect CHPT picks up incremental share in both NA and EU. While industry headwinds are substantial, we believe the move toward autonomous vehicles will help drive EV production and the need for charging infrastructure. As we adjust estimates, we remain on the sidelines for now."

For an analyst ratings summary and ratings history on ChargePoint Holdings Inc. click here. For more ratings news on ChargePoint Holdings Inc. click here.

Shares of ChargePoint Holdings Inc. closed at $0.87 yesterday.

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