Its operations are dominant in North America, but it has begun gradually penetrating the European market. By opening one ChargePoint account, a customer is given access to hundreds of thousands of places to charge their EV. The company generates its revenue through its Networked Charging Systems, subscription services and other services. It owns one of the largest EV charging networks and provides a comprehensive portfolio of charging solutions. It is here that ChargePoint comes into the picture.Ĭhargepoint is in the business of creating a fueling network to move people and goods on electricity. For EVs to function well, a system of charging has to exist. In light of the above, there has been a massive adoption of electric vehicles (EVs). And deadlines have been set to reach net-zero emission by 2050. Burning fossil fuels for electricity, heat, and transportation is among the highest emitters of greenhouse gases. In the world’s drive towards a more climate-friendly environment, individuals, businesses, organizations, and governments have consciously made an effort to reduce the emission of greenhouse gases into the atmosphere. Will this momentum continue, and should I add the ChargePoint shares to my portfolio? On the other hand, the share price is up over 33% in the past month as it has gained some positive momentum. ChargePoint stock is down nearly 30% in the past year.ĬhargePoint (NYSE:CHPT) stock is down nearly 30% in the last twelve months.The EV charging infrastructure investment is expected to reach $192bn by 2040.There are over 174,000 ChargePoint ports in the US and Europe.

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