ChargePoint Surges on Strong Earnings, EV Charging Industry Growth

ChargePoints stock soared by nearly twenty-seven percent following their third-quarter earnings report, which exceeded Wall Streets expectations. Revenues reached one hundred five point seven million dollars, a six percent increase from last year, and gross margin expanded to thirty point seven percent. Despite a slight loss per share, it was a significant improvement from the previous year. ChargePoint also forecasted optimistic revenue for the upcoming quarter. This positive news coincided with broader growth in the electric vehicle charging industry, with CCS one chargers deployment increasing by thirty-seven percent since the beginning of the year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.