In October, ChargePoint announced that it had completed the acquisition of electric mobility platform has-to-be, a Austria-based charging network provider that operates over 40,000 charging points across Europe. The group has been growing globally through acquisitions over the past few years, and operates more than 150,000 charging ports in North America and Europe. While ChargePoint is not the only charging network provider in the US, it is an “undisputed front-runner in a market that is poised for explosive growth with the US government’s backing,” said analyst David Moadel.ĬhargePoint started operation in 2007 and is focussed solely on providing EV charging. Want to learn more about ChargePoint stock market? Read this ChargePoint stock analysis to find out the latest CHPT stock news and CHPT stock price prediction. With more countries rolling out electrification programs to meet their net-zero emission targets, several analysts are bullish on ChargePoint’s future stock price. Since the listing, ChargePoint share prices hit a record-high at $36.86 on 29 June and fell in the third quarter before rebounding in October. The company listed on the NYSE on 1 March and raised approximately $480m in net proceeds from its initial price offering. In March 2021, ChargePoint (CHPT) became the world's first charging network provider to publicly trade. Although prices have since dropped and last closed at $23.52 on 1 December, ChargePoint stock value was still 21.8% above where it traded at the beginning of October.
The New York Stock Exchange (NYSE)-listed company’s stock price jumped to a four-month high to close at $27.69 a share on 17 November, up 43.4% from the $19.31 on 1 October. US-based electric vehicle (EV) charging network infrastructure provider ChargePoint Holdings’ stock prices rose at the beginning of the fourth quarter, as the global electrification movement gathers pace. ChargePoint (CHPT) stock forecast: will prices be lifted? – Photo: Shutterstock
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