Is There Hope for ChargePoint Stock? (CHPT)
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- Опубликовано: 16 окт 2024
- ChargePoint is burning through cash. The stock is near an all-time low. Can ChargePoint's new CEO guide the company to stability? CHPT is trading for $1.90/share, down 80% in the past year. Electric vehicle sales growth has fallen short of expectations in North America, and EV charging hardware sales are caught in this wave. ChargePoint's new leadership believes the company can still see success in the long run. But can they get there before cash runs out?
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Disclaimer:
The content of this video & its comment section is not financial advice. Stock Probe is not accountable for any financial losses of its viewers. Do your own research before making any investment decision.
Disclosure: Calvin does not hold any positions in CHPT stock at the time of publishing this video.
#chargepoint #CHPT #investing #chargepointstock
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Stock Probe by Calvin Moses
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I hope everyone enjoys the video!
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I love chargepoint! they have 12 in my apartment complex and i use it almost everyday. Always has been reliable.
Good stuff! When will you do one about Kempower?
7:13 If demand is the issue, it's only a short-term demand issue. ChargePoint currently has two extremely large customers, one working within CPE's networking (Mercedes) and one working outside CPE's networking (Walmart). Both, however, are looking to install thousands of ChargePoint's most expensive units (the CPE Express Plus) over the next few years, so the bottleneck in demand might simply be a temporary slowdown resulting from site design, permitting, and planning. Walmart alone is looking to build a network larger than Tesla's Supercharger network by site count, and that's going to require a lot of chargers if Walmart is truly going to install high-power DCFC at 4,500+ locations in the United States.
On ChargePoint's latest earnings call, Rick Wilmer seemed to imply that the slowdown in sales was primarily due to the more recent doubts about EV adoption as a whole. I also believe this is temporary.
What are your thoughts on ChargePoint's plan to outsource manufacturing to AcBel and others?
@@stockprobe It's certainly possible that the erroneous claims about slowing EV adoption have impacted Walmart's plans, but that's not the sentiment they have been projecting publicly. Mercedes, on the other hand, has no reason to slow their build out.
In terms of outsourcing, I'm not a fan of it generally, and it could cost CHPT if they try to use that foreign-made equipment domestically (e.g., Build America Buy America Act), and that could be especially problematic with Delta, Kempower, Tritium, and others all starting to produce their own charging equipment stateside.
However, I've visited ChargePoint's headquarters in Campbell, and based on what I've seen, they don't have nearly enough domestic manufacturing capacity to keep up with the current demand for their equipment. So they do have to expand production. I'd prefer that it was domestic, but if all they can do is offshore for the time being, that might have to do. Plus, they have a huge international footprint, so perhaps their AcBel produced equipment can be reserved for their international sites. At that point, they'd just need to find enough domestic production capacity to meet U.S. demand for their equipment.
And I will say that, as an EV driver who has traveled extensively using CCS1 equipment, ChargePoint's is by far the best that's currently deployed. It is as capable as Delta's high-power equipment but more reliable with faster handshakes, and it is years ahead of the equipment Electrify America is using. Tesla needs to hope their V4 equipment is as good as ChargePoint's Express Plus, but based on the designs I've seen, Tesla is still lagging behind in cable management and user interfaces.
the transition to NACS is one of the big disruptions, they are adapting though, i see a oil company acquiring them at some point.
Where I live, all I see is Chargepoint, Blink and EVGO, but mostly Chargepoint.
There's quite a bit of ChargePoint stations where I live too. Seen some Blink chargers as well but they've always seemed to have problems & usually pretty expensive. Of course, maintenance & pricing is set by property owners for ChargePoint and some of Blink's hardware. I don't think I've seen EVgo units in-person but I think there's some in the area.
I'd like to point out that the frequency of chargers doesn't always correlate to how the stock will perform. Plenty of happy Volta and Tritium customers didn't have as good of a time as investors.
@@stockprobe so true
Just like Apple, ChargePoint is smart to find less expensive ways to manufacture their products. This does not mean they are focusing solely on software. That’s like saying Apple is getting out of the cell phone business.
I think Apple and ChargePoint deal with different factors-Apple sells to consumers who value features, brand, etc, while most of ChargePoint's customers are mostly looking for a reliable, cheap solution for charging. And of course there's some overlap between the two, but I don't think it's a direct comparison. I would like to hear your thoughts!
@@stockprobe consumer side of things is a different issue. As a company they both want to find the most cost effective way to get their product to consumers.
How I see from my perspective: I will never buy equipment from a competitor. If CHPT has their own charging business - that’s mean they are competitors.
I'm not sure I understand, could you elaborate?
@@stockprobeIf I have charging business (earn from selling kW), then I never buy equipment from manufacturer who also has a charging business (my concurrent). As I understand CHPT is a company who produces charging equipment AND has their own charging business?
@@priusyt ChargePoint only sells hardware, they don't generate revenue from kW dispensed.
Yay, its up 1 cent this morning.
That is really funny
This is a terrible company and loses its investors money. Reliably.
Own 1000 share at 3.89 I really doubt that it will go back to 4 or 5 per share! Huge mistake
That sucks. Hope it hasn't wiped you out too hard. Sorry to hear that
It will go back up, go look at the amount of shares institutions own and continue to buy. It's many millions. This will recover and go far beyond your buy price, hold it.
Are u gonna make a video after earnings? Looks like it’s ripping
Great video! Thanks
Very good breakdown and explanation
Thanks! I'm glad you enjoyed
You can't even sell gas at a profit there is no hope of selling electricity at a profit. Gas stations make the profit from the store, that's the working business model. Travelers need all those things. They need an air pump for tires, windshield wasters, bathrooms, food, drinks, washer fluid, etc. Just because you drive an EV doesn't mean you don't need those things.
Most pumps in my country don’t have a shop…
@@reapzvanreapz9687 Then the transition to EV will be a lot easier.
What’s ur price prediction by the end of 2024?
There's too many variables to tell. I don't think ChargePoint offers enough upside to justify the risk.
@@stockprobe bankruptcy coming soon?
@saul5716 absolutely.
No one want a slow charger. They want Tesla chargers.
CHPT made 14.3k lets gooo. $3 is coming 💰💰💰💰 🚀
@@saul5716 no it's not. Bankruptcy is coming.
What are your thoughts on BLNK?
I still don't believe BLNK is a better long-term investment than the S&P500. There's too much uncertainty in Blink's future for me.
Please cover charge point again. Huge rally coming that rivian deal is going to sky rocket their revenues. Fair value is around $6 they are burning cash but have a debt to asset ratio well below .5 still which means it’s a great buying zone.
How has this worked for you?
Go Chargepoint Fuk Tesla
Competition is always a good thing.
I think Tesla's done a great job in the charging industry.
Penny stock
$4