ChargePoint Holdings Inc. stock surged after beating Q3 expectations, despite overall year-to-date decline.

From StockTwits: 2024-12-05 08:30:17

ChargePoint Holdings Inc. shares soared over 10% in pre-market trading after posting better-than-expected third-quarter results. The company reported a narrower net loss of $77.6 million compared to $158.2 million last year, with revenue at $99.6 million, exceeding estimates. Despite an adjusted loss of $0.18 per share, ChargePoint forecasts fourth-quarter revenue between $95 million and $105 million. Retail sentiment for ChargePoint turned ‘extremely bullish’ on Stocktwits, with speculation of analyst upgrades and optimism about long-term prospects. The broader EV market saw record growth in Q3, with 346,408 EVs sold in the U.S.

ChargePoint’s stock remains down over 43% year-to-date despite recent progress in the company and the broader EV industry.



Read more at StockTwits: Wall Street And Retail Aligned In Cheer