ChargePoint CAO Novruzova sells $14,632 of company stock

ChargePoint Holdings, Inc. (NASDAQ:CHPT) reported strong financial results for its fiscal second-quarter 2027, surpassing Wall Street expectations. The company's adjusted loss per share was narrower than anticipated, with an adjusted loss of $1.35 compared to the forecasted $1.60. Revenue for the quarter reached $116 million, an 18% increase from the previous year, surpassing the estimated $105.43 million.

ChargePoint's non-GAAP gross margins hit a record 38%, narrowing the adjusted EBITDA loss to $5 million from $19 million in the prior quarter. Analysts at UBS raised their price target for ChargePoint stock to $9.00 from $8.00, maintaining a Neutral rating and adjusting revenue estimates for the upcoming fiscal years. TD Cowen reiterated a Hold rating with a $7.50 price target, praising the company's solid second-quarter results and improved EBITDA trajectory.

Oppenheimer maintained its Perform rating, highlighting that ChargePoint's revenue, gross margin, and cash flow exceeded expectations, with effective inventory reduction. The company reported essentially zero cash burn, maintaining $96 million in cash reserves, and is positioned to self-fund its path to profitability. These developments reflect a positive outlook for ChargePoint, with analysts acknowledging the company's improved financial performance.