ChargePoint Shares Soar 5.10% on Strategic Partnership

ChargePoint (CHPT) shares surged 5.10% today, marking the second consecutive day of gains, with a total increase of 5.90% over the past two days. The stock price reached its highest level since March 2025, with an intraday gain of 5.48%.

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 return and a 28.46% peak-to-trough gain. However, it underperformed the market, as evidenced by the 7.26 percentage points below the S&P 500's annualized return and the 14.78 percentage points below its peak-to-trough gain. This suggests that while the strategy provided some growth, it lacked the broader market's momentum.

ChargePoint has recently formed a strategic partnership with Eaton, marking an industry-first collaboration in the EV charging sector. This alliance is expected to bolster their charging infrastructure, potentially boosting investor confidence and driving stock price growth.

Investors are eagerly awaiting ChargePoint's first quarter fiscal year 2026 financial results, scheduled for release on June 4, 2025. The anticipation of these results could lead to increased volatility as investors adjust their positions based on market expectations.

Evercore ISI recently downgraded ChargePoint from an "outperform" rating to an "in-line" rating, while also significantly lowering their price target from $4.00 to $1.00. This downgrade reflects a reduced confidence in the company's future performance, which could negatively impact the stock price.