CHARGE POINT DRIVERS
Businesses, fleets and drivers turn to the ChargePoint team for EV charging education, resources and technology as they look. To ensure that the change is as seamless as possible for customers like you, GE selected the industry leader to take over its charging business. ChargePoint is a market leader and has helped pioneer networked fueling, offering one of the industry’s most comprehensive portfolios of hardware, software and services for commercial, fleet and residential customers. We’ll publicly announce the acquisition later today. The $13.50 ask price is only 16 cents as of the time of this writing. ChargePoint is the world’s largest EV charging network, offering solutions for every place drivers need to charge. EV charger locations can be found easily through the ChargePoint app or website. Currently, ChargePoint’s network consists of over 100,000 car charging stations that span across all 50 states. That could make these options extremely profitable. ChargePoint facilitates the largest EV charging network in the U.S. The $11.50 and $13.50 strike prices are close to the existing price and the investors hope that the results will produce a blowout revenue number. Obviously, that is what the investors in the two large tranches of CHPT call options are hoping for. Up to 4 hours of active charging Monday thru Friday, 7 a.m. It could lead to less negative net income and less negative FCF burn. Submit a ChargePoint Connection Request to receive the 1/hour rate. So any revenue number higher than this will significantly boost CHPT stock. That is roughly on par with the $75.9 million in made in the Jan. Right now analysts expect the company to produce $75.66 million in revenue ( 15 analysts surveyed by Refinitiv) for the quarter ending April 30. That said, at some point, it has to become cash flow positive in order to not blow through its cash and have to raise more equity.
For example, last quarter its free cash flow was negative $52 million.īut the market is not that concerned about this cash burn since the company has $315 million in cash on its balance sheet. So far it is not profitable and is bleeding cash. ChargePoint has a growing number of EV charging stations and the company is in a huge ramp-up phase.
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