Why ChargePoint Holdings Shares Are Trading Higher Today

Benzinga2021-09-02

ChargePoint Holdings, Inc. (NYSE:CHPT) shares are trading higher after the company reported better-than-expected second-quarter financial reasults and raised its full-year guidance.

ChargePoint Holdings reported quarterly sales of $56.12 million which beat the analyst consensus estimate of $49.06 million.

The company raised its full-year 2022 sales guidance from a range of $195 million - $205 million to $225 million - $235 million which is above the estimate of $206.6 million.

The company also issued third-quarter sales guidance in the range of $60 million - $65 million which is also above the estimate of $54.6 million.

"We achieved record revenue, significantly grew our commercial, fleet and residential businesses, launched a charging integration with Mercedes, announced our agreement to acquire e-mobility technology provider has·to·be and acquired eBus and commercial vehicle management provider ViriCiti," said Pasquale Romano, President and CEO of ChargePoint.

ChargePoint Holdings Inc operates electric vehicle charging networks.

ChargePoint's stock was trading about 12.5% higher at $23.89 per share on Thursday at the time of publication. The stock has a 52-week high of $49.48 and a 52-week low of $10.19.

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Comments

JFK23
2021-09-02
JFK23
Back to 36[財迷] [財迷] [財迷]
Dazhu
2021-09-02
Dazhu
Up up and away
Niknaks
2021-09-02
Niknaks
With infrastructure spending on the way , I am long on this stock
terry89
2021-09-02
terry89
Ok
NatYong
2021-09-02
NatYong
ChargePoint Holdings Inc operates electric vehicle charging networks.
Winwin8
2021-09-02
Winwin8
Long hold stock

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