Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
ChargePoint is a leader in EV charging infrastructure, with a large and growing network and recurring SaaS revenue. Despite its scale and strategic positioning, the stock has dropped ~50% over the past year and trades with low valuation multiples (EV/Sales ~1.1×). With EV adoption expected to continue globally—even amid short-term EV sales slowdowns—the combination of scale, cash runway, and future infrastructure investment positions CHPT as a potential long-term turnaround candidate.
Metric | Value |
---|---|
Revenue (TTM) | $407.7M |
Gross Margin | ~25.8% |
Operating Loss | –$229.9M |
Net Loss | –$262.4M |
Cash Balance | ~$200M (end Q1) |
Expected Cash Burn | <$50M over next three quarters |
EV/Sales | ~1.11× |
P/S Ratio | ~0.76× |
Debt/Equity | ~2.8× |
Institutional Ownership | ~36% |
Beta (5‑yr) | ~2.24 |
Short Interest | ~19.8% |
Forward P/E & PEG | N/A (no expected profitability) |
Low revenue base (~$408M) limits multiples; EV/Sales at ~1.1× indicates the market may be pricing in conservative expectations.
Negative earnings, so no P/E or PEG usable; losses are structural as the firm invests in expansion.
Cash runway: ~$200M on hand with <$50M expected burn over next year — capital-efficient but will likely need new funding by late 2026 if no path to breakeven.
Risk | Reward |
---|---|
Ongoing losses; potential dilution | Scale, network effects, and industry leadership |
Funding risk if cash burns through | Recovery with EV adoption and margin improvement |
EV sales/incentive drag | Large addressable market; macro tailwinds persist |
High short interest (~20%) | Potential for squeeze or sentiment swing |
High-risk, high-reward asymmetric trade — not a traditional value play.
May be considered suitable for a speculative turnaround bucket, entry under $1/share.
A staggered allocation approach could be considered, adding as EV/Sales expands >2× or partnerships materialize.
Exit consideration may be warranted if cash burn accelerates or core partnerships dissolve.
ChargePoint is a leading EV charging network operator with large-scale reach and recurring revenue potential. While current financials reflect investment mode with no profitability, the network position, partnerships, and industry growth could enable a meaningful inflection in coming years. It represents a speculative turnaround opportunity with potential upside if EV infrastructure rebounds — but may require conviction in the EV thesis and careful capital risk management.
Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. The author is not a registered investment advisor. All opinions are the author’s own. Readers are encouraged to do their own research and consult with a licensed financial professional before making investment decisions.