ChargePoint Stock Rises Despite Broader Market Declines; Earnings Due Next Week
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ChargePoint Holdings (CHPT) stock rose 1.55% on a day when broader markets fell. It has lagged indexes over the past month.
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CHPT is expected to report earnings on December 6th, with projections of a revenue decline and wider losses.
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Full-year expectations are for narrower losses but a double-digit revenue increase. Recent estimate revisions have been negative.
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CHPT currently has a Zacks Rank #4 (Sell), putting it in the bottom 39% of all stocks covered.
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Automotive-Original Equipment industry ranks low at #156 out of 250+ industries, underperforming the broader market.