ChargePoint CEO says 50% stock surge 'is the beginning of the momentum'
The infrastructure company is toward the end of a three-year business plan that has boosted revenue and significantly cut the company's losses.
ChargePoint Holdings Inc. has seen a significant surge in its stock, with the company's CEO attributing this to growing momentum. The infrastructure company is nearing the end of a three-year business plan that has led to increased revenue and substantially reduced losses.
In the company's fiscal second-quarter 2027 results, ChargePoint delivered solid performance, with revenue beating expectations and gross margin expansion contributing to a narrowed adjusted EBITDA loss of approximately $9 million, down from $19 million previously. The company's gross profit margin stands at 31% over the last twelve months.
Despite being unprofitable with an EBITDA loss of $169 million and negative free cash flow of $71 million for the same period, ChargePoint's results have been viewed positively by some analysts. According to TD Cowen, the company's beat provides greater visibility for achieving positive EBITDA, and the firm expects a positive stock reaction.
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