ChargePoint Shares Soar 5.45% on Eaton Partnership, Q1 Results

ChargePoint (CHPT) shares surged 5.45% today, reaching their highest level since March 2025 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 4.47% annualized return and a 22.65% peak-to-trough gain. However, it underperformed the market with a 13.24% loss relative to the S&P 500. The volatility was high, with a maximum drawdown of 57.61% during the period, indicating that this strategy is risky and may not be suitable for all investors..

ChargePoint Holdings, Inc. has recently seen significant stock movement due to a strategic partnership with Eaton, a leading power management company. This collaboration is focused on enhancing the development and deployment of electric vehicle (EV) charging infrastructure across the United States, which has contributed to the increase in ChargePoint's stock price.

Additionally, ChargePoint announced its first-quarter fiscal year 2026 results on May 15, 2025. The announcement of the industry-first EV charging partnership on May 21, 2025, also played a role in ChargePoint's stock performance. This partnership is expected to accelerate the adoption of EV charging solutions, further boosting investor confidence in the company's growth prospects.