Latest news with #ChargePoint
Yahoo
2 days ago
- Business
- Yahoo
ChargePoint reverse stock split: EV charging company adjusts share price amid NYSE delisting risk
The stock price for the EV charging company ChargePoint Holdings (NYSE: CHPT) went up dramatically this morning—but for investors, that might not be good news. 5 habits that are making you a worse leader Zillow updates home price forecast for over 400 housing markets: See the map Figma's IPO date is close. The stock could trade even higher after the design startup's latest move ChargePoint just implemented a measure called a 'reverse stock split,' a move intended to artificially increase the share price of a company without actually boosting its overall value. Typically, a reverse stock split is used as an effort to prevent a company from being delisted from a stock exchange, and it often signals that said company is struggling financially. Investors are already demonstrating their wariness: As of this writing, ChargePoint stock is down more than 14% since the market opened this morning. Here's what to know about the company's reverse stock split. What is ChargePoint? ChargePoint Holdings is one of the largest EV charging networks in the world. The company operates more than a million chargers in the U.S. and Europe, many of which are free to use and easy to find via the company's app. In recent years, it's signed partnerships with Starbucks and Airbnb and helped to electrify an entire village in Senegal. Despite these milestones, ChargePoint has been navigating a rocky financial period. It reported a net loss of $282.9 million in the fiscal year ending in January, and, on June 5, the company shared that its first-quarter 2026 revenue was down 9% compared with the previous year. What is a reverse stock split? A reverse stock split happens when a company boosts the price tag of its stock by combining many shares into one. In the case of ChargePoint, the reverse split took place at a ratio of 1 for 20, meaning that the value of one share today is equal to 20 shares last week. A reverse stock split doesn't mean that the company's overall value has increased—it just means that there are now far fewer shares available, each at a higher cost. After the reverse stock split, ChargePoint investors will still own the same total value in the company, consolidated into fewer shares. The reverse split was approved by ChargePoint's shareholders on July 8. What's the point of a reverse stock split? Companies use a reverse stock split when, for a number of reasons, they need to artificially increase the price of their shares. According to a press release, ChargePoint took this measure to 'comply with the minimum trading price criteria for continued listing on the New York Stock Exchange (NYSE).' On the NYSE, listed companies need to maintain an average closing price of at least $1 per share over 30 consecutive trading days in order to meet the exchange's trading price criteria. In July, ChargePoint consistently traded below that $1 threshold—meaning that, without a reverse stock split, it might have been at risk of delisting. What does this mean for investors? ChargePoint's decision, paired with its recently rough financials, is likely to be a red flag for investors. The stock's current plummet shows that lack of confidence playing out in real time, demonstrating that the company is in a rough spot and is taking extreme measures to prevent delisting. In the past several years, other companies including WeWork, Virgin Galactic Holdings, and Nikola have used a similar strategy to continue trading. This post originally appeared at to get the Fast Company newsletter: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Automotive
- Yahoo
ChargePoint Launches Safeguard Care to Proactively Ensure EV Charger Reliability
CAMPBELL, Calif., July 29, 2025--(BUSINESS WIRE)--ChargePoint (NYSE: CHPT), a leading provider of EV charging solutions, today announced Safeguard Care, a new service offering that provides end-to-end reliability monitoring of ChargePoint charging stations. The program, available now in six launch markets, utilizes a network of trained service providers to routinely inspect chargers, identifying and repairing many common issues while onsite. "ChargePoint continues to develop innovative solutions that ensure EV charger reliability, from anti-vandalism measures to monitoring our hardware from our network operations center. Safeguard Care further demonstrates our commitment to delivering a reliable charging experience," said JD Singh, Chief Customer Experience Officer of ChargePoint. "As the original manufacturer of the chargers, we are able to ensure the highest standards of service and support. With Safeguard Care, we are giving station owners and EV drivers peace of mind knowing that chargers will be in pristine working order." Safeguard Care, combined with ChargePoint Assure®, is an ideal solution for charging providers with high traffic and distributed charging stations, such as municipalities, parking garages and workplaces. It is particularly beneficial for station owners who do not have their own dedicated staff to inspect and maintain their stations on a regular basis. Each Safeguard Care visit includes a visual inspection of the charging station and the physical area around the chargers, cleaning, minor repairs or adjustments if necessary, and a test charge to validate functionality after the completion of repairs. Any issues the Safeguard Care inspector cannot address on site will be escalated directly to ChargePoint support for follow up. For more information about Safeguard Care, please visit: ChargePoint and the ChargePoint logo are trademarks of ChargePoint, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners. About ChargePoint Holdings, Inc. ChargePoint has established itself as the leader in electric vehicle (EV) charging innovation since its inception in 2007, long before EVs became widely available. The company provides comprehensive solutions tailored to the entire EV ecosystem, from the grid to the dashboard of the vehicle. The company serves EV drivers, charging station owners, vehicle manufacturers, and similar types of stakeholders. With a commitment to accessibility and reliability, ChargePoint's extensive portfolio of software, hardware, and services ensures a seamless charging experience for drivers across North America and Europe. ChargePoint empowers every driver in need of charging access, connecting them to over 1.25 million charging ports worldwide. ChargePoint has facilitated the powering of more than 16 billion electric miles, underscoring its dedication to reducing greenhouse gas emissions and electrifying the future of transportation. For further information, please visit the ChargePoint pressroom or the ChargePoint Investor Relations site. For media inquiries, contact the ChargePoint press office. Forward-Looking Statements This press release contains forward-looking statements that involve risks, uncertainties, and assumptions including statements regarding the usefulness, effectiveness and perceived customer benefits that may be derived from ChargePoint's Safeguard Care service offering. There are a significant number of factors that could cause actual results to differ materially from the statements made in this press release and additional risks and uncertainties that could affect our ability to successfully launch, implement and maintain Safeguard Care, which are included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Form 10-Q filed with the Securities and Exchange Commission (the "SEC") on June 6, 2025, which is available on our website at and on the SEC's website at Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by applicable law. CHPT-IR View source version on Contacts ChargePoint John Paolo CantonVice President, AJ GosselinDirector, Corporate media@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
3 days ago
- Automotive
- Business Wire
ChargePoint Launches Safeguard Care to Proactively Ensure EV Charger Reliability
CAMPBELL, Calif.--(BUSINESS WIRE)--ChargePoint (NYSE: CHPT), a leading provider of EV charging solutions, today announced Safeguard Care, a new service offering that provides end-to-end reliability monitoring of ChargePoint charging stations. The program, available now in six launch markets, utilizes a network of trained service providers to routinely inspect chargers, identifying and repairing many common issues while onsite. 'ChargePoint continues to develop innovative solutions that ensure EV charger reliability, from anti-vandalism measures to monitoring our hardware from our network operations center. Safeguard Care further demonstrates our commitment to delivering a reliable charging experience,' said JD Singh, Chief Customer Experience Officer of ChargePoint. 'As the original manufacturer of the chargers, we are able to ensure the highest standards of service and support. With Safeguard Care, we are giving station owners and EV drivers peace of mind knowing that chargers will be in pristine working order.' Safeguard Care, combined with ChargePoint Assure ®, is an ideal solution for charging providers with high traffic and distributed charging stations, such as municipalities, parking garages and workplaces. It is particularly beneficial for station owners who do not have their own dedicated staff to inspect and maintain their stations on a regular basis. Each Safeguard Care visit includes a visual inspection of the charging station and the physical area around the chargers, cleaning, minor repairs or adjustments if necessary, and a test charge to validate functionality after the completion of repairs. Any issues the Safeguard Care inspector cannot address on site will be escalated directly to ChargePoint support for follow up. For more information about Safeguard Care, please visit: ChargePoint and the ChargePoint logo are trademarks of ChargePoint, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners. About ChargePoint Holdings, Inc. ChargePoint has established itself as the leader in electric vehicle (EV) charging innovation since its inception in 2007, long before EVs became widely available. The company provides comprehensive solutions tailored to the entire EV ecosystem, from the grid to the dashboard of the vehicle. The company serves EV drivers, charging station owners, vehicle manufacturers, and similar types of stakeholders. With a commitment to accessibility and reliability, ChargePoint's extensive portfolio of software, hardware, and services ensures a seamless charging experience for drivers across North America and Europe. ChargePoint empowers every driver in need of charging access, connecting them to over 1.25 million charging ports worldwide. ChargePoint has facilitated the powering of more than 16 billion electric miles, underscoring its dedication to reducing greenhouse gas emissions and electrifying the future of transportation. For further information, please visit the ChargePoint pressroom or the ChargePoint Investor Relations site. For media inquiries, contact the ChargePoint press office. Forward-Looking Statements This press release contains forward-looking statements that involve risks, uncertainties, and assumptions including statements regarding the usefulness, effectiveness and perceived customer benefits that may be derived from ChargePoint's Safeguard Care service offering. There are a significant number of factors that could cause actual results to differ materially from the statements made in this press release and additional risks and uncertainties that could affect our ability to successfully launch, implement and maintain Safeguard Care, which are included under the captions 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' in our Form 10-Q filed with the Securities and Exchange Commission (the 'SEC') on June 6, 2025, which is available on our website at and on the SEC's website at Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by applicable law. CHPT-IR
Yahoo
3 days ago
- Business
- Yahoo
Why ChargePoint (CHPT) Shares Are Plunging Today
What Happened? Shares of EV charging solutions provider ChargePoint Holdings (NYSE:CHPT) fell 19.7% in the afternoon session after the company implemented a 1-for-20 reverse stock split. The strategic decision was intended to increase the market price per share to ensure ChargePoint remained in compliance with the New York Stock Exchange's minimum trading price criteria. However, such moves are often viewed negatively by the market as they do not alter a company's fundamentals and can indicate underlying financial distress. In this case, reports highlighted that the electric vehicle charging provider faced significant challenges, including a concerning cash burn rate and a decline in revenue, which likely fueled the sell-off. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy ChargePoint? Access our full analysis report here, it's free. What Is The Market Telling Us ChargePoint's shares are extremely volatile and have had 65 moves greater than 5% over the last year. But moves this big are rare even for ChargePoint and indicate this news significantly impacted the market's perception of the business. The previous big move we wrote about was 7 days ago when the stock gained 4% as the stock benefited from a positive mood in the broader market and specific optimism within the electric vehicle sector. There was no major company-specific news released to account for the move. However, the EV charging sector received a boost after competitor Blink Charging announced an expanded collaboration in Europe to increase its charging infrastructure. This type of expansion highlights the growing demand for EV charging solutions. Also, investors were expecting a heavy slate of earnings reports from major companies during the week. Notably, the earnings season got off to a strong start: More than 85% of the S&P 500 stocks that reported earnings exceeded expectations, according to FactSet data. This robust performance fueled positive sentiment, suggesting that corporate profitability remained resilient despite ongoing economic uncertainties. ChargePoint is down 56.1% since the beginning of the year, and at $9.84 per share, it is trading 77.3% below its 52-week high of $43.40 from July 2024. Investors who bought $1,000 worth of ChargePoint's shares 5 years ago would now be looking at an investment worth $47.86. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
Yahoo
4 days ago
- Business
- Yahoo
Why ChargePoint Stock Crashed Today
Key Points ChargePoint stock just reverse-split its stock 20-for-1. The shares now cost $10-plus, and won't be immediately delisted. A reverse share split is almost always a clue something's seriously wrong with a company. 10 stocks we like better than ChargePoint › Shares of ChargePoint (NYSE: CHPT), the electric car charging company, tumbled 14.3% through 10:50 a.m. ET Monday morning after conducting a 1-for-20 reverse stock split. What is a reverse split? Like the name suggests, a reverse stock split is the opposite of a stock split. Instead of taking one share of stock and slicing it into several smaller shares, each costing less and representing a smaller ownership stake in the company, a reverse split merges several existing shares into one larger, higher-priced share. From a shareholder's perspective, after a reverse split happens, you own fewer shares than you started with, but they have a higher price. Your actual ownership stake in the company, however, doesn't change after a reverse stock split (or for that matter, after an ordinary stock split, either). Why reverse split? So what's the point of a reverse split? ChargePoint explains: "The reverse stock split is intended to increase the market price per share of the Company's common stock and help the Company comply with the minimum trading price criteria for continued listing on the New York Stock Exchange." Simply put, ChargePoint shares were selling below the $1-per-share requirement for remaining listed. To fix that, the company squished 20 shares together to create one big super-share costing more than $1 (in fact, more than $10 right now). As a result, it's no longer in danger of immediate delisting. Is ChargePoint stock a buy? No, ChargePoint stock is not a buy. The fact that ChargePoint wasn't able to boost its stock price by, say, growing its sales or reporting a profit, and saw no alternative but to reverse-split its way out of its listing dilemma, tells me this company is not performing at all well. It's almost certainly a sell. Should you buy stock in ChargePoint right now? Before you buy stock in ChargePoint, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and ChargePoint wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 28, 2025 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why ChargePoint Stock Crashed Today was originally published by The Motley Fool
