ChargePoint Holdings, Inc. (CHPT)

ChargePoint's stock price has experienced significant fluctuations over the past six months. In Q1 Fiscal Year 2026, revenue decreased by 9% year-over-year, attributed to seasonal factors and macroeconomic headwinds, while subscription revenue grew by 14%. In Q2 Fiscal Year 2026, revenue was down 9% year-over-year, but at the top end of guidance, and non-GAAP gross margin improved. ChargePoint strengthened its balance sheet through debt reduction and was awarded a Sourcewell contract to provide EV charging infrastructure for public agencies. The company also released a next-generation software platform. The share price has seen a significant drop over the past year.

ChargePoint's revenue is impacted by seasonal factors, particularly in the first fiscal quarter, which can lead to sequential declines. Implied volatility for CHPT stock tends to rise in February and decline in September, which could be indirectly related to market expectations around seasonal business performance. The company's Q1 fiscal 2026 revenue decline was attributed in part to these seasonal factors, alongside macroeconomic headwinds.

ChargePoint Holdings, Inc. is a provider of EV charging networks and solutions, operating in North America and Europe. The company designs, develops, and markets networked EV charging system infrastructure, offering hardware, software, and services for commercial, fleet, and residential customer segments. ChargePoint's major products include networked charging systems, Level 2 AC chargers, DC fast chargers, cloud services, and related services.

ChargePoint has a significant global market presence, with a strong leadership position in North America and a growing presence in Europe. The company manages over 352,000 charging ports globally, with more than 122,000 located in Europe. Through roaming partnerships, ChargePoint expands its network reach to over 1.25 million charging ports worldwide.

ChargePoint has maintained a positive brand image through strategic partnerships and industry recognition. The company's CEO was named to the 2025 TIME100 Climate List. The company's collaboration with GM is progressing, bringing numerous fast charging ports online, and a new partnership with Eaton is expected to drive demand and expand distribution channels.

The ownership structure of ChargePoint Holdings includes retail, institutional, and individual investors. Retail investors hold 49% of the company, while institutions own 43%. Insiders hold approximately 46.21% of the stock. Major institutional owners include The Goldman Sachs Group, Inc., Toronto Dominion Bank, Susquehanna International Group, Llp, Vanguard Group Inc, BlackRock, Inc., Citadel Advisors Llc, Millennium Management Llc, Nomura Holdings Inc, Geode Capital Management, Llc and Citigroup Inc. Philippe Laffont owns the most shares of ChargePoint Holdings.