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ChargePoint Holdings, Inc.ChargePoint Holdings, Inc.ChargePoint Holdings, Inc.

ChargePoint Holdings, Inc.

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CHPT trade ideas

CHPT is probably one of my favorite setups current unfolding....I'm a retail trader of 4yrs. I've lost a good bit of money over those four years which would either make most people give up, OR dig their heels in and study everything there is to know about the market and trading. I've been on a good run these past few months. So please take all of this into consideration should you choose to follow this strategy. CHPT looks to be in the "spring' phase of the Wyckoff Method (phase-c). Even if I'm incorrect about which phase it's in, it's got some good upside over these next couple of weeks. It's maintaining it's trend line and looks to be bouncing off of support for another run at $3. If it can break and hold $3, I think $3.50 and then back trace to $3 continuing a stepping process up to $4.50/$5. I see a possible Inverted H&S forming around the $6 mark. drive.google.com
NYSE:CHPTLong
by mtodd1002
CHPT - My Lotto-Ticket for ChristmasRule Nr. 1: Take it with a grain of Salt! ;-) OK, it's probably a Lotto Ticket. But IMO one with a monstrous chance of 80% if price trades within the Pitchfork. As we now, price has a 80% chance to reach the Center-Line. So, it's a Lotto Ticket with a good RIsk to Reward. Nothing more, nothing less. I'm in CHPT since over 1 year and got clapped. Ever since I was watching for any sign of a potential recovery. Nothing was showing on my radar. But now, I see a Volume that reminds me of a "Final Puke". Everyone who was long has to be scared out, before the Whales step in. Whales only buy Food for cheap. Is it cheap now? Depends on how you look at CHPT. Technically, I would say yes. Fundamentally I would say it's probably crap? Here's what I get from my fundamental Screener: "Overall CHPT gets a fundamental rating of 2 out of 10. We evaluated CHPT against 88 industry peers in the Electrical Equipment industry. Both the profitability and financial health of CHPT have multiple concerns. CHPT is valued quite expensive... ....but it does show an excellent growth." This last bit of the fundamental evaluation tells me, it's not dead yet. And who knows what they have in their back to recover? (SECULATION!!!). The Mansfield Indicator is clearly showing, that this Stock is way weaker than the S&P500. BUT - It starts to curl up... I have no clue what this Analysis is worth it. But I know what I see in the Volume and the recent Weeks drop. So, that's it for my Coffee-Ground reading. I am long the Stock, and I love the thrill it gives me for a cheap Lotto Ticket to a potential 1000% trade §8-) What ever you do with it, I'm not responsible. This is no trading advice. You will loose money! Don't follow my Analysis. It's all BS and Coffee-Ground reading with no profound reasoning §8-) Happy Christmas...oh, it's too soon...
NYSE:CHPTLong
by Tr8dingN3rd
22
$CHPT Well Positioned to Capitalize on Tesla’s DominanceIn a previous article, we were short on ChargePoint Holdings, Inc. (NYSE: CHPT) after several EV makers struck deals with Tesla, Inc. (NASDAQ: TSLA) to adopt its NACS port to gain access to its expansive supercharger network. Since then, the stock has been in a free fall as it’s down more than 63% and recently reached a new all-time low at $2.38. However, after diving deeper into the topic, ChargePoint may actually further benefit from the Tesla deals given their potential to increase EV adoption. As is, ChargePoint specializes in level 2 chargers located in homes and public spaces, where it’s more convenient and cheaper for EV owners to charge their vehicles. With the stock trading near its all-time low, the risk-to-reward ratio may be more compelling at current levels, which is why CHPT stock could be a good buy. CHPT Fundamentals EV Demand To Reaccelerate in 2024 With interest rates at a multi-decade high, EV demand has been softening, bringing down EV-related equities in the process. As ChargePoint’s business is mainly dependent on increased EV adoption, it’s no surprise that its stock is down nearly 63% YTD. To better understand the implications of this softening demand for EVs, automobile giant Ford (NYSE: F) announced in late October that it’s postponing $12 billion of its EV investments due to soft demand and high production costs. In addition, General Motors (NYSE: GM) abandoned its target to produce a cumulative 400 thousand EVs from 2022 through the first half of 2024 citing similar reasons. Even Tesla’s CEO Elon Musk shared his worries about the effects of interest rates on EV demand in the future. However, EV demand may reaccelerate in 2024 due to a major overlooked catalyst. In a recent US Department of the Treasury proposal, car dealers would offer EV tax breaks to consumers at the point of sale starting January 1st, 2024. This means that all eligible EV buyers would get an upfront discount of up to $7500 for new EVs, instead of the current system where the tax credit reduces the filer’s federal income tax. In simple terms, a $50 thousand EV becomes immediately $42,500 according to the new proposal. The positive impact of this proposal is that it would expand the pool of consumers, especially lower earners who have smaller tax liabilities, eligible for the full value of the EV tax credit. As a result, EV purchases would become more affordable for interested buyers with lower disposable income. This government rebate could be a game changer when considering that 52% of new car buyers in the US believe EVs cost too much as cost was their most cited concern, according to the 2023 Deloitte Automotive Consumer Study. Therefore, as EV prices become cheaper than they currently are, demand could pick up next year. Return to Office May Boost Sales So with EV demand expected to increase next year, it’s normal to expect demand for EV charging stations to increase as well. In fact, demand for EV charging stations may be more than ever next year with more employees set to return to the office by the end of 2024. According to a report from Resume Builder, 90% of companies plan to implement return-to-office policies by the end of 2024, compared to 64% currently. With that in mind, there is a strong correlation between working from office and demand for EV charging. In a study conducted last March by EVBox, 34% of EV drivers charge at work, while an additional 27% would do so if that option was available. This means that 61% of EV owners would charge their vehicles at work if given the opportunity which shows how significant this potential market is as businesses may start installing charging stations to accommodate their employees ahead of their return to the office next year. As such, ChargePoint could be well-positioned to capitalize on this industry-wide catalyst due to its reputation and reach in the US. Currently, the company has 31 thousand locations in the US and 56 thousand total level 2 and level 3 ports, which makes it the largest EV charging network in the US. In comparison, Tesla, its biggest rival, has only 6000 locations and 33 thousand ports. Followed by Volta, Blink (BLNK), EV Connect, EvGo (EVGO), and Electrify America, respectively. However, while Tesla has fewer locations and ports than ChargePoint, it’s leading in terms of level 3 charging ports, of which it has more than 20 thousand ports. Meanwhile, ChargePoint only has a little more than 2000 level 3 ports. But this discrepancy in level 3 ports isn’t as negative as it seems. Level 3 chargers, or DC chargers, can impressively fully charge an EV in a matter of a few minutes, usually between 20 and 30 minutes. However, there are downsides to using such chargers compared to level 2 chargers which ChargePoint is the undisputed leader in. AC Charging Advantages For starters, it is worth noting that 80% of all EV charging happens at home or work where vehicles spend a lot of time parked. This provides more than enough time to fill up using level 2 AC charging speeds, which provide around 25 miles of range per hour. As such, charging at home or work is considered to be more convenient for EV owners. On the other hand, DC charging is only ideal for road trips, quick stops, and when an EV owner needs to fill up quickly. Therefore, the use of DC charging is limited compared to level 2 charging, especially when considering that frequent use of DC charging can in fact negatively impact battery performance and durability as many EV makers warn, including Tesla. The reason why DC charging can have negative impacts on batteries is due to physics, so I’ll do my best to illustrate it in a simple way. Just like humans, EV batteries prefer to operate at comfortable temperatures, ideally in the 70s and 80s. But what happens during fast charging is that the battery receives a lot of power which can create heat. This heat would then stress batteries more than AC charging which could impact battery life over time. In fact, experts suggest that home charging with a level 2 charger is better for batteries as the cycling in fast charging can kill batteries. Knowing this information, it appears that relying on level 2 for day-to-day charging is better, which shows that the DC charging market is very limited. Another advantage of AC charging is that is affordable. In fact, AC charging is 7-10 times cheaper than DC charging with the same performance. At the same time, AC chargers are smaller and their installation is simpler, faster, and less expensive than their DC counterparts. This is an additional advantage for ChargePoint if we take its business model into account. How To Capitalize on Tesla’s Dominance? As is, the company’s customer base is property owners not drivers as it generates revenue by selling the hardware to network operators, who then decide whether to charge EV owners or not for using the port. The company also generates revenue from the sale of subscriptions and for the maintenance of the chargers it sells. This comes in handy when considering the growing wave of EV makers adopting Tesla’s NACS port. ChargePoint currency adopts the CCS port in its network, and given the potential increase in demand for NACS ports, its network operators would have to retrofit or upgrade their stations to be NACS enabled in order to meet the anticipated demand. Doing so would benefit ChargePoint in the form of increased revenue since it charges fees for the maintenance of its stations as aforementioned. In this way, ChargePoint may benefit from more EV makers adopting the NACS port. Risks While there are many reasons to be bullish on CHPT stock with the anticipated reacceleration in EV demand as well as more EV makers adopting Tesla’s NACS port, there are risks to consider. The first risk is if network operators don’t upgrade their stations to accommodate the NACS port in case more EVs adopt it. This would mean that there would be less demand for ChargePoint’s chargers while also not leading to the expected revenue growth. Another risk to consider is ChargePoint’s cash burn. In 2 quarters only, the company burned $190.6 million in operating cash flow. Given its cash balance of $233.4 million, capital raises may occur in the near term similar to the offering it recently closed for $232 million in net proceeds. It is also worth noting that in addition to the capital raise, the company amended the terms of some of its convertible notes by extending the maturity date from 2027 to 2028. However, it also raised cash interest from 3.5% to 7% and payment in kind interest from 5% to 8.5%, while adjusting the conversion price of the notes from $24.03 to $12. As a result, the company’s bottom line will be impacted in the coming quarters due to the increased interest payments. Technical Analysis On the hourly chart, CHPT stock is in a neutral trend as it is trading in a sideways channel between $2.42 and $3.25. Looking at the indicators, the stock is below the 200 and 50 MAs which is a bearish sign, however, it is testing the 21 MA as support. Meanwhile, the RSI is neutral at 51 and the MACD is neutral as well. As for the fundamentals, CHPT stock appears to be poised to rebound soon with the expected reacceleration in demand for EVs and charging stations. Given that the company specializes in level 2 charging which is cheaper and more convenient for EV owners, its revenues may grow substantially as more EV makers adopt Tesla’s NACS port. With the stock trading near all-time lows, investors could start building a long position in the stock below $2.7. CHPT Forecast Despite our earlier bearish view on CHPT stock, the company appears to be well-positioned to capitalize on the expected reacceleration of EV and charging station demand driven by return-to-office policies. The company also has the potential to benefit from the growing trend of EV makers adopting Tesla’s NACS port since more network operators may ask it to upgrade and retrofit their stations, leading to more realized revenues. Given the advantages of AC charging compared to DC charging, the company is not competing with Tesla in the EV charging scene, instead, both AC and DC chargers serve a need and can co-exist in the market.
NYSE:CHPT
by Penny_Stocks_Today
100 % more return potential with half the risk First of all if they raise the cash and reduce the convertible price it is very good for the balance sheet and debt situation, I agree it is dilutive but we talk already at 12 so we talk 300 % above current price before you worry about dilution for the convertible note !!!! selling shares at markets for so much is a good sign to me and give the company more flexibility , it also shows existing shareholders that institutional investors are taking huge risk in this company, why would they do if they did not think it has good upside ? Sure it is highly dilutive but hey I am entering now and the dilution effect is priced in at around 15-20 % reduce financial risk for a while Bought a 20 deep ITM long option strike 2 may 24 for 1,95 each so total 3900 dollar after fees and delta close two 1 so basically it is like owning 8000 dollar of chPT but half the downside risk I intend to sell OTM call at 80 delta so today I sold 20 contract call 5 @ 0,20 so 400 dollars in for 44 days Return of +- 10% each month if you keep repeating until exercise if you get exercise no worries bingo for you if you don't your return on the 3900 will be roughly 60-70% til May 24 PLUS THE CAPITAL APPRECIATION OVER 3,95 DOLLAR PER SHARE ON 2000 SHARES
NYSE:CHPT
by PhilippeDelpCFA
4
CHPT | Bearish Continuation hence ShortBULLISH INDICATOR (Sep 09) 1. After consolidation phase reversal is expected but price is continuously falling so no chance of bullish move in the near future. BEARISH INDICATOR (Sep 09) 1. A sequence of LLs, LHs and negative momentum is expected. The negative earning report on Sep 6th, further dropped stock to 4.96 but closed at 5.72. 2. Price as gone all times LOW and hit 4.96, creating a new lowest support level. 3. Bearish trend line is very strong. No signs of trend line break, hence not a good buy so far. 4. On Fib, price has touched the -38.2% (5.67) and can further hit -61.8% (5.05) level strong sell and no entry situation. 5. Bearish Flag (Continuation Pattern) spotted, hence strong prediction that rice can further fall to 5.05. 6. No bullish divergence. 7. On Weekly charts, 10-EMA is below 20-EMA, strong single to exit and no entry time so far. 8. Price is also below 200-EMA, hence no option for buy. 9. All Fundamental based ratios are on negative trajectory PREDICTIONS 1. Multiple bearish indications. No signs of bullish reversal so far. 2. Price has not entered into a consolidation zone, and further falling. 3. Hence sell your positions if you are holding. 4. If you want to buy then hold so far now buying indications. BIAS 1 = SHORT- PLAN A (Now @ Market or SL at 5.05) BIAS 2 = BUY- PLAN B, (Low Probability @ Buy Stop at 8.40)
NYSE:CHPTShort
by haroonraees
1
ChargePoint After Filling a Gap is Back at the PCZ and Ice LineChargePoint has come back to the PCZ of the Bullish Bat and The Ice Line of the Range; presumably to fill a gap that it had created several days ago when it gapped up from this level. Now that the gap has been filled, I would expect to see this level hold much the way it did last time and go for the Bullish Breakout of the Descending Supply Line from which could in time lead to it trading up to anywhere between $20 and $30
NYSE:CHPTLong
by RizeSenpai
1
Watchlist 2023-05-31 $CHPT $CPRI $AMBA $PDSB $AAP AMEX:SPY lower ahead of an imminent vote in Congress later today, coupled with disappointing quarterly revenue results from Hewlett Packard Enterprise adding to the negative sentiment. Key Res for today is 420.50, PD inflection and pivot high. Key support today is 416. Friday had the characteristics of a positive trend day. If you saw the internals it could have given you the confidence needed to stay in the longs the whole day and possible even add on pullbacks. For further confirmation of a trend day, watch for: USI:ADD pinned near +\-2000 USI:VOLD ratio over +/- 3 INDEX:TICK cumulating past 0 wicking to +/-900 NYSE:CHPT - ChargePoint stock rallies 11% after BofA says EV charging company is 'best in class. Looking for support to for at two potential areas 9.50 and 9.25 to risk off a long trade for a day 2 continuation. Breaking over the 9.25 range and seeing the 9 ema curve over the 21 ema is a bullish sign. Support 9.25. 9.50 Resistance 9.80 Inflection 9.50 NYSE:CPRI - Michael Kors parent Capri's stock falls after company swings to loss as revenue slides 10.5%. CPRI has a nice volume void between 39 to 37. if we see weakness of the open, look for a pullback under VWAP to get short. Unsure were the risk will be as it could possibly be very spready judging from the PM action. However, really interested in the trade as the market appears to be weak and CPRI had a fadeout PD on high vol, and PM vol is already 2.4 and has only moved. .80 ATRS so far. Keep this on watch. NASDAQ:AMBA - Ambarella stock drops nearly 14% on weak outlook. PM RVOL 4.5, down 20% or 5.5 ATRs (which is a hell of a lot). However, don’t have a bias yet, let the price action confirm. If the first move is a huge green bar that holds, will likely have to join that trend as it can last for another hour before any shorts step in. NYSE:AAP - Advance Auto Parts's stock suffers record plunge after big profit miss, dividend slashed by more than 80%, Looking for pullback to get short until 73 support is reach. Also, open to any potential trend changes intraday to get long. NASDAQ:PDSB - day 3continuation long as long as we stay above 8.17 and the tape is bullish (bids are being supported). PDS Biotechnology Shares Rise After Releasing Early Drug Data Chips: Profit taking PD for chips as NASDAQ:NVDA , NASDAQ:MRVL , NASDAQ:MU all heading lower. Looking for dips into key levels, and BO's from consolidations where there is at least 2 touches of a level. Comment what you are watching!
NYSE:CHPT
by UnclePennybagss
$CHPT EV Charging Network GiantChargePoint Holdings, Inc. (NYSE: CHPT) is a goliath in the EV charging space with it operating the largest online network of independently owned charging stations in the US. Despite the company’s status as a leader in the EV charging space, CHPT stock has fallen 70% since its IPO. However, the CHPT stock forecast could improve as the company expands throughout Europe and develops its partnership with the automotive juggernaut, Mercedes, to expand across the US as well. CHPT Fundamentals Chargepoint already operates the largest network of independent EV charging stations in the US, putting it at the forefront of the EV revolution. Since 2017, the company has steadily expanded its charging station network from 42.9 thousand, reaching 225 thousand this year. Specializing in key verticals such as commercial, fleet, and residential, CHPT positions its charging stations in frequently visited areas or locations with high traffic such as apartment complexes, public libraries, parks, hotels, stores, and other businesses. Thanks to this, 80% of CHPT’s customer base included 2021’s Fortune 50 companies. Meanwhile, demand for EVs is rising around the world, causing the number of EVs on the road to jump from 22 thousand to more than 2 million over the last decade. The International Energy Agency expects that the sale of EVs will reach 60% of total automotive sales by 2030 which is a tailwind for EV stocks like Lucid Group, Inc. (NASDAQ: LCID), Polestar (NASDAQ: PSNY), and Mullen Automotive Inc. (NASDAQ: MULN),. But as new policies promoting the use of EVs are rolled out across Europe and the USA, investors should also keep in mind the EV charging stocks which will also see swelling demand in the coming years. CHPT stands to directly benefit from the $7.5 billion allocated to building a nationwide charging network and the transition of government and corporate vehicles to EVs. Rather than trying to select the EV company with the greatest potential to dominate the market, investing in companies developing charging technology like CHPT may offer more upside because its products can be utilized by any EV. As the EV market continues to expand, demand for EV charging spaces will too which is why CHPT stock could have the most to gain from the EV revolution. As is, EV adoption is expected to rapidly increase as the EPA proposes limits to tailpipe emissions, potentially causing 67% of new vehicles sold in the US to be electric by 2032. At the same time, the European Parliament voted to support a ban on the sale of diesel and petrol vehicles starting in 2035 which would substantially increase demand for EVs across Europe. Considering that CHPT operates in the US and Europe, policymakers’ rising interest in protecting the environment could signal a shift in the CHPT stock forecast over the coming years. Competition However, the EV charging space is highly competitive with many companies offering the same services as CHPT. While CHPT faces competition from Tesla, Electrify America, and Blink, CHPT has an edge thanks to its network of 27,000 stations offering nearly 50,000 individual charging ports across the US. This gives it approximately 70% of North America’s publicly available AC charging market. For comparison, Blink has 1,606 EV stations for a total of 5 thousand public chargers in the USA and Electrify America offers 800 charging stations with 3,500 individual chargers. On the other hand, Tesla boasts a network of around 16,822 Superchargers and Tesla destination chargers. Some of these can be used by other types of vehicles with an adapter but considering that not all drivers own this adapter its not exactly comparable. Based on this, CHPT does have significant market share based on how widespread its network is alone. Despite this, CHPT does face a disadvantage. Most of CHPT’s chargers are level 2 AC chargers which take around 8 hours to fully charge a vehicle. According to its 2022 annual report, CHPT offers 18,900 direct current fast charging ports of which only 1,867 appear to be in the USA. Blink offers DC fast charging stations which take only 30 minutes to charge a vehicle and Electrify America’s network mainly utilizes these fast chargers. However, Tesla clearly has the edge when it comes to fast charging since it can charge up to 200 miles in only 15 minutes using its Superchargers. For this reason, CHPT is working with Mercedes-Benz and MN8 Energy – one of the US’ biggest renewable energy producers – to offer more DC chargers in the US and Canada. At the beginning of the year the three companies began working on more than 400 charging hubs which would offer over 2500 CHPT DC fast charging ports. While CHPT must close the gap between itself and its competitor’s fast charging capabilities, its latest decision could help position in it to compete in the EV charging space long-term – ultimately improving the outlook for CHPT stock. European Expansion CHPT is focused on expansion in both markets since the company has also entered a joint venture with the French fleet managing and car leasing company, ALD automotive, for expansion in Europe. Through this partnership, the companies will create an electric Mobility Service Provider focused on services for corporate fleets. This new EV charging business is expected to start operating in Q4 2023 and will provide corporate fleets not only with charging solutions but payment and reimbursement reports as well. The JV could encourage wider adoption of CHPT’s network and app since fleet drivers will gain access to CHPT’s network of more than 485 thousand charging ports across Europe. As CHPT continues to gain market share in Europe, CHPT stock could benefit from the additional users brought on by this expansion. CHPT Financials According to CHPT’s annual report, as of January 2023 the company had HKEX:1 billion in assets, including HKEX:264 million in cash and cash equivalents, HKEX:105 million in short term investments and HKEX:30 million in restricted cash. CHPT has FWB:725 million in liabilities, FWB:284 million of which are current liabilities. Looking into CHPT’s revenues, the company reported $448 million in revenues. Finally the company’s operating expenses totaled $427 million and it reported HKEX:345 in net losses. Technical Analysis CHPT stock is trading in a sideways channel between $9.05 and $11.40. Looking at the indicators, CHPT stock is currently trading beneath the 21, 50, and 200 MAs on the hourly timeframe – a bearish sign. The stock also broke through its $9.02 support. There was recently a death cross of the 50 and 200 MAs which is another sign that CHPT stock may continue to decline. CHPT stock reached an all time low of $8.10 in December 2022 and may retest this low as bearish market sentiments affect growth stocks in the EV ecosystem. However, the RSI is currently oversold at 30 and the MACD is bearish. Therefore CHPT stock may bounce slightly as the indicator recalibrates. Fundamentally, CHPT stock has had no other catalysts besides its announced JV with ALD automotive. However. if the EPA’s proposed restriction on tailpipe emissions is approved that could be a catalyst for not only EV stocks but charging companies like CHPT as well. Looking at the options flow for premiums over HKEX:50 ,000 expiring in April, there has been some bullish activity with a whale buying calls with a strike of HKEX:10 on April 5th. However, bearish premiums make up 54% of the activity. CHPT Forecast With the US and Europe continuously pushing towards EV adoption, CHPT stands to benefit from greater demand for its services. However, CHPT stock has been impacted by the company’s unprofitability with expectations that profitability is still years away. Despite this, the CHPT stock forecast could be set to improve as the company blamed the affects of supply-chain limitations for some of its turmoil in Q4. As supply chain conditions improve for certain hardware products, things could normalize for the company going forward. Additionally, CHPT has achieved impressive growth in key areas such as increasing its sales by 93% YoY and bringing in 70% of its billings from existing customers. This means that CHPT’s current customers are satisfied with its services, creating a strong customer base for the company’s continued growth. For these reasons, analysts are optimistic about CHPT stock giving it a median price target of HKEX:16 and an overall buy rating. Based on future cash flow estimates, CHPT stock is currently trading below its fair value which also indicates the stock’s upside potential. If CHPT is able to accelerate its sales growth, the CHPT stock forecast could continue to improve. Considering that demand for EVs is likely to surge by the start of the next decade, CHPT’s decision to partner with Mercedes Benz and MN8 to increase its number of DC chargers will help strengthen its position against competitors. CHPT’s partnership with ALD automotive will also increase the company’s grip on the European market – potentially putting it on track for better sales growth in the future.
NYSE:CHPT
by Penny_Stocks_Today