ChargePoint Holdings, Inc. (CHPT) is a top electric vehicle supply chain stock to consider. TD Cowen maintained a Hold rating, lowering the price target to $11, with a 12.9% implied upside. Q2 earnings missed EPS expectations, but non-GAAP gross margin improved to 33%. Management focuses on long-term growth and innovation despite market challenges.

The company’s Q2 FY2026 results showed a loss of $1.42 per share, with revenue of $98.59 million, down 9% year-over-year. Non-GAAP gross margin improved to 33%, driven by product mix and efficiencies. ChargePoint remains focused on growth and margin expansion, pushing its breakeven target beyond FY2026.

While CHPT shows investment potential, some AI stocks may offer greater upside with less downside risk. Management remains committed to growth and innovation despite market challenges. ChargePoint aims for margin expansion and long-term growth, extending its EBITDA breakeven target beyond FY2026.

Read more at Yahoo Finance: TD Cowen Cautious on ChargePoint (CHPT) After Q2 Earnings Disappoint