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CHPT Surges As ChargePoint Earnings Beat Triggers Massive Rally

JACK KELLOGG•UPDATED SEP. 6, 2026, 11:05 AM ET
Reviewed by Ellis Hobbsand Fact-checked by Matt Monaco

ChargePoint Holdings Inc. stocks have been trading up by 9.63 percent amid upbeat sentiment on expanding EV charging infrastructure demand.

What Traders Need To Know

  • Shares ripped 71–74% on heavy volume after ChargePoint narrowed its Q2 loss, posted double-digit revenue growth, and beat expectations on both EPS and sales.
  • Management guided Q3 revenue to $105M–$115M, with the high end slightly above Street expectations, signaling confidence in near-term demand.
  • Oppenheimer flagged progress on inventory reduction and a path to self-funded profitability with operating expenses held below $50M, helping drive an intraday jump of nearly 69%.
  • B. Riley lifted its CHPT price target from $6 to $8 but kept a Neutral stance, noting that recent strength was boosted by short covering even as EBITDA visibility improves.
  • A new overhead fast-charging system at Portland International Airport shows ChargePoint’s ability to win complex fleet deployments and scale airport rental electrification.

Candlestick Chart

Weekly Update Aug 31 – Sep 04, 2026: On Sunday, September 06, 2026 ChargePoint Holdings Inc. stock [NYSE: CHPT] is trending up by 9.63%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

Consumer Discretionary industry expert:

Analyst sentiment – positive

ChargePoint remains a scale leader in networked EV charging but with stressed fundamentals. Trailing revenue of ~$411M masks a recent top-line downtick (3-year CAGR negative) and deeply loss-making profile: EBIT margin -44%, EBITDA margin -37%, and ROA -25%. Q1 FY27 revenue of $101.8M carried 29% gross margin but operating margin near -46%. Cash burn is material (Q1 FCF -$37.7M) against ~$96M cash and negative equity, with leverage effectively elevated via $224M long-term debt and large deferred revenue obligations.

Technically, CHPT has transitioned from a low-volatility base around $5.20–5.60 into a momentum breakout. The 5.19→10.09 weekly range, with closes stepping from 5.30 to 9.95, confirms a sharp, high-volume upside reversal driven by short covering and earnings re-rating. The dominant trend is now bullish but extended. First actionable level is $8.50–8.75 as initial pullback support; a break below would invite a retrace toward $7, while sustained closes above $10 open room toward the $11.50–12 zone.

Recent results and news validate improving execution: double-digit revenue growth, record non-GAAP gross margin, narrowed losses, and guidance slightly above consensus, with Oppenheimer highlighting a credible path to self-funded profitability. Strategically, European leadership hires and airport fleet wins strengthen its competitive moat versus Consumer Discretionary and Retail-Discretionary peers, which generally exhibit far stronger profitability but less structural growth. I expect CHPT to remain high-beta; fair value sits in the $8–9 range near term, with key support ~$8.50 and resistance ~$10.50–11.

More Breaking News

Quick Financial Overview

ChargePoint Holdings Inc. just shifted sentiment with a textbook “fundamentals meet squeeze” move. Q2 brought double-digit revenue growth to about $101.8M in the latest reported quarter, helping underpin trailing revenue of roughly $411.2M. The company beat analyst expectations on both EPS and sales while posting a record non-GAAP gross margin, backed by a 30.6% overall gross margin. That is the good side of the story: demand is real, pricing power exists, and new products like Express Solo are gaining traction.

The downside is that CHPT is still far from profitable. EBIT margin sits around -44.3%, EBITDA margin near -36.9%, and net income for the quarter was a loss of about $43.2M with free cash flow at roughly -$37.7M. Return on equity is deeply negative, and book value per share is below zero, reflecting heavy accumulated losses and leverage from prior capital raises. Cash and equivalents near $96.2M give some cushion, but operating cash flow was about -$36.6M, so the clock is ticking on execution.

On the chart, CHPT exploded from the low-$5s to just under $10 in a matter of days. Weekly data show a move from a $5.19 low to a $9.95 close, with a huge gap and follow-through after earnings and guidance. Intraday, a 5-minute candle shows a rip from the high-$9s toward $10.28 before closing just under $9.90, a classic post-spike range that often precedes either consolidation or a sharp retrace. For traders, this is now a high-volatility name where entries and risk levels matter more than ever.

Conclusion

This is stock news, not investment advice. Timothy Sykes News delivers real-time stock market news focused on key catalysts driving short-term price movements. Our content is tailored for active traders and investors seeking to capitalize on rapid price fluctuations, particularly in volatile sectors like penny stocks. Readers come to us for detailed coverage on earnings reports, mergers, FDA approvals, new contracts, and unusual trading volumes that can trigger significant short-term price action. Some users utilize our news to explain sudden stock movements, while others rely on it for diligent research into potential investment opportunities.

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The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

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Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”