ChargePoint Holdings, Inc. (NYSE:CHPT) stock is up during Wednesday’s premarket session as the company highlights a growing demand for electric vehicle (EV) charging infrastructure.
This positive movement follows the release of data showing that charging demand continues to outpace the growth of charging ports, adding to the bullish sentiment surrounding the stock as broader markets experienced mixed performance.
What Does The Data Show?
ChargePoint’s recent data indicates that the number of EV charging sessions increased by 34%, significantly outpacing the 16% growth in new charging ports.
The company emphasized that nearly 60% of the electric miles enabled over its nearly 18-year history occurred in the last two years, underscoring the accelerating demand for charging infrastructure.
Automotive industry data indicates that global EV sales increased 20% in 2025, with European sales growing 33% and the U.S. experiencing its second-best year of EV sales ever.
ChargePoint is enabling more EV drivers than ever, with more than one million drivers using ChargePoint every month, the company said in a statement.
Technical Analysis
ChargePoint is currently trading 0.4% above its 20-day simple moving average (SMA) but is 10.9% below its 50-day SMA, 26.9% below its 100-day SMA, and 39.9% below its 200-day SMA. Shares have decreased by 53.33% over the past 12 months and are positioned closer to their 52-week lows than highs.
The RSI is at 47.83, which is considered neutral territory, while the MACD is above its signal line, indicating bullish momentum. The combination of neutral RSI and bullish MACD suggests mixed momentum.
- Key Resistance: $7.00
- Key Support: $5.50
ChargePoint derives the majority of its revenue from the United States.
The company’s recent data release highlights its significant role in the EV market, especially as demand for charging infrastructure grows faster than the installation of new charging ports. This positions ChargePoint as a key player in the transition to electric mobility, making its stock an important consideration for investors looking to capitalize on the EV trend.
Earnings & Analyst Outlook
ChargePoint Holdings, Inc. is slated to provide its next financial update on March 3, 2026.
- EPS Estimate: $-1.34 (Up from $-1.40 YoY)
- Revenue Estimate: $104.78 million (Up from $101.89 million YoY)
Analyst Consensus & Recent Actions: The stock carries a Hold Rating with an average price target of $33.66. Recent analyst moves include:
- UBS: Neutral (Lowers Target to $9.00) (Dec. 22, 2025)
- B. Riley Securities: Neutral (Lowers Target to $11.00) (Dec. 10, 2025)
- Goldman Sachs: Sell (Raises Target to $10.00) (Dec. 8, 2025)
Benzinga Edge Rankings
Below is the Benzinga Edge scorecard for ChargePoint Holdings, highlighting its strengths and weaknesses compared to the broader market:
- Momentum: Weak (Score: 2.48) — Stock is underperforming the broader market.
The Verdict: ChargePoint Holdings’ Benzinga Edge signal reveals a classic ‘Weak’ setup. While the Momentum score indicates underperformance, the company’s strong market position in EV charging infrastructure suggests potential for future growth as demand continues to rise.
Top ETF Exposure
- SPDR S&P Kensho Intelligent Structures ETF (NYSE:SIMS): 3.13% Weight
- WisdomTree Battery Value Chain and Innovation Fund (NASDAQ:WBAT): 3.87% Weight
Significance: Because CHPT carries significant weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.
CHPT Price Action: ChargePoint shares were up 1.57% at $6.47 during premarket trading on Wednesday, according to Benzinga Pro data.
Photo by YuniqueB via Shutterstock
