Welcome to our dedicated page for Chargepoint Holdings news (Ticker: CHPT), a resource for investors and traders seeking the latest updates and insights on Chargepoint Holdings stock.
ChargePoint Holdings Inc (CHPT) stands at the center of the electric vehicle infrastructure buildout, making its news flow particularly relevant for investors tracking the EV transition. As one of the largest charging network operators in North America and Europe, ChargePoint announcements often signal broader trends in fleet electrification, workplace charging adoption, and commercial EV infrastructure spending.
ChargePoint news typically covers quarterly earnings that reveal hardware sales trends and software subscription growth, new customer deployments across retail and commercial properties, fleet electrification contracts with delivery companies and municipalities, and product launches introducing new charging hardware or software capabilities. The companys partnerships with automakers, utilities, and property developers also generate significant coverage.
Because ChargePoint sells to site hosts rather than owning stations directly, its financial results reflect enterprise demand for charging infrastructure investment. Strong hardware sales indicate businesses are committing capital to EV charging, while software subscription metrics show the recurring revenue base from network management fees.
This page aggregates press releases, earnings announcements, partnership news, and analyst coverage for ChargePoint. Bookmark this page to follow developments in EV charging infrastructure as the transportation sector continues its transition from internal combustion to electric powertrains.
ALD Automotive has partnered with ChargePoint Holdings (NYSE: CHPT) to launch a new electric vehicle (EV) charging business in Europe. This initiative aims to enhance corporate fleet electrification by offering a unique electric Mobility Service Provider (eMSP) that simplifies charging access for corporate clients. Powered by ChargePoint's technology, the service will feature a network of over 485,000 charging ports and provide consolidated reporting for fleet managers. Headquartered in Paris, the eMSP is set to launch in Q4 2023, starting in France and the Netherlands, with plans to expand to eight European countries by 2025.
ChargePoint Holdings reported Q4 2023 revenue of $153 million, a 93% increase year-over-year, while full fiscal year revenue reached $468 million, up 94%. The annualized subscription revenue surpassed $100 million. GAAP gross margin improved to 22% in Q4, with a non-GAAP gross margin of 23%. However, Q4 GAAP net loss widened to $78 million from $60 million in the prior year, driven by increased stock-based compensation. ChargePoint expects Q1 2024 revenue guidance between $122-$132 million, indicating a 56% anticipated growth compared to the same quarter last year.
Fisker Inc. (NYSE: FSR) has partnered with ChargePoint (NYSE: CHPT) to enhance public charging solutions for Fisker electric vehicle (EV) owners in North America. This collaboration provides access to over 210,000 activated charging ports managed by ChargePoint, including over 16,700 DC fast charge ports. Fisker drivers will benefit from easy access to local chargers and a streamlined payment system. The partnership aims to ensure that Fisker Ocean owners enjoy convenient and efficient charging experiences upon delivery. This strategic alliance aligns with Fisker's commitment to sustainable mobility and innovation in the electric vehicle sector.
ChargePoint (NYSE: CHPT) and Fisker (NYSE: FSR) have formed a partnership to enhance the EV charging experience for Fisker Ocean drivers. The agreement aims to offer seamless access to ChargePoint's extensive network—including over 210,000 active ports and 16,700 DC fast charge ports in North America—making it easier for users to locate and pay for charging. The collaboration emphasizes ChargePoint's commitment to sustainable mobility, having achieved over five billion electric miles driven, avoiding 200 million gallons of gasoline, and 940,000 metric tons of greenhouse gas emissions. This partnership highlights the focus on user convenience and robust charging infrastructure.
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