Why ChargePoint Shares Are Moving Higher
Why ChargePoint Shares Are Moving Higher
ChargePoint Inc. (NYSE:CHPT) shares are moving higher Tuesday after BofA Securities upgraded the stock to Buy.
What To Know: BofA analyst Alex Vrabel upgraded ChargePoint from Neutral to Buy and lowered the price target from $15.50 to $14.
The analyst noted that ChargePoint has exhibited proof of execution, improved its line of sight to profitability and shown consistency since its PIPE offering.
Vrabel also highlighted the scale and diversity of the company as a key to sustainable growth.
ChargePoint is the leading provider of networked EV chargers in the U.S. with approximately 70% market share. The BofA analyst expects ChargePoint to hold its market share and growth which should continue to drive strong sales.
Vrabel also believes ChargePoint stands to benefit from a potential spillover of Tesla's already crowded SuperCharger network.
"Anchor positions in both the US and European EV charging market offer an elegant but unconcentrated way to play electrification trends," the analyst said.
Related Link: ChargePoint's Path To Profitability Recognized By Analyst, Upgrades Stock To Buy
CHPT Price Action: Shares of CHPT were up 14.3% at $9.71 at the time of publication, according to Benzinga Pro.
Photo: courtesy of ChargePoint.
ChargePoint Inc. (NYSE:CHPT) shares are moving higher Tuesday after BofA Securities upgraded the stock to Buy.
ChargePoint 公司 紐約證券交易所代碼：CHPT）週二股價走高，此前美國銀行證券將股票上調至買入。
What To Know: BofA analyst Alex Vrabel upgraded ChargePoint from Neutral to Buy and lowered the price target from $15.50 to $14.
要知道甚麼： 美國銀行分析師 亞歷克斯·弗拉貝爾 將ChargePoint從中性上調至買入，並將目標價從15.50美元下調至14美元。
The analyst noted that ChargePoint has exhibited proof of execution, improved its line of sight to profitability and shown consistency since its PIPE offering.
這位分析師指出，自推出PIPE以來，ChargePoint已經證明了執行力，提高了盈利能力，並表現出一致性。
Vrabel also highlighted the scale and diversity of the company as a key to sustainable growth.
弗拉貝爾還強調了公司的規模和多元化是可持續增長的關鍵。
ChargePoint is the leading provider of networked EV chargers in the U.S. with approximately 70% market share. The BofA analyst expects ChargePoint to hold its market share and growth which should continue to drive strong sales.
ChargePoint是美國網絡電動汽車充電器的領先提供商，市場份額約爲70％。美國銀行分析師預計，ChargePoint將保持其市場份額和增長，這將繼續推動強勁的銷售。
Vrabel also believes ChargePoint stands to benefit from a potential spillover of Tesla's already crowded SuperCharger network.
弗拉貝爾還認爲，ChargePoint將受益於特斯拉本已擁擠的SuperCharger網絡的潛在溢出效應。
"Anchor positions in both the US and European EV charging market offer an elegant but unconcentrated way to play electrification trends," the analyst said.
這位分析師說：“在美國和歐洲電動汽車充電市場的主導地位爲推動電氣化趨勢提供了一種優雅但不集中的方式。”
Related Link: ChargePoint's Path To Profitability Recognized By Analyst, Upgrades Stock To Buy
相關鏈接：ChargePoint的盈利之路得到分析師的認可，將股票升級爲買入
CHPT Price Action: Shares of CHPT were up 14.3% at $9.71 at the time of publication, according to Benzinga Pro.
CHPT 價格走勢： 根據Benzinga Pro的數據，在發佈之時，CHPT的股價上漲了14.3％，至9.71美元。
Photo: courtesy of ChargePoint.
照片：由 ChargePoint 提供。
譯文內容由第三人軟體翻譯。
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