ChargePoint(CHPT) Soars 5.71% on Eaton Partnership

ChargePoint(CHPT) rose to its highest level since March 2025 today, with an intraday gain of 5.71%.

The strategy of buying CHPT shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years, with a 4.61% annualized gain. However, the Sharpe ratio was low at 0.63, indicating that the risk-adjusted returns were modest. The strategy showed a peak-to-trough decline of 52.70% during the worst period, highlighting its vulnerability in downturns. Overall, while the strategy provided some growth, it was not without its risks, as evidenced by the significant drawdowns.

ChargePoint's stock price has been influenced by its recent strategic collaboration with Eaton. This partnership aims to enhance the development and deployment of electric vehicle (EV) charging infrastructure across the United States. The collaboration is focused on creating a new fueling network and improving EV infrastructure, which has led to a positive market reaction. This move is seen as a significant step towards bolstering ChargePoint's position in the EV charging market, despite challenges such as funding threats and market volatility.