ChargePoint Plunges 11.45% on Weak Guidance

Generated by AI AgentAinvest Pre-Market Radar
Thursday, Jun 5, 2025 4:40 am ET1min read

On June 5, 2025, ChargePoint's stock experienced a significant drop of 11.45% in pre-market trading, reflecting investor concerns over the company's recent financial performance and outlook.

ChargePoint reported its first quarter fiscal 2026 results, which showed earnings that exceeded estimates but fell short on revenue. The company's weak guidance for the upcoming quarter contributed to the stock's decline, as investors reacted negatively to the lower-than-expected projections.

Despite strong subscription growth and record gross margins,

faced macroeconomic headwinds and revenue declines in key areas. The company reported revenue of $102 million for the fourth quarter, surpassing the midpoint of their guidance range, but the overall financial performance did not meet investor expectations.

ChargePoint's financial health remains stable, with cash and cash equivalents totaling $196.3 million as of April 30, 2025. The company's $150.0 million revolving credit facility remains undrawn, providing a financial cushion during challenging times.

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