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ChargePoint Earnings Preview: Mixed Sentiment Ahead of Q2 Report
ChargePoint Earnings Preview: Mixed Sentiment Ahead of Q2 Report
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BTCCSquare news:
ChargePoint prepares to release Q2 earnings amid tempered expectations. Analysts project a loss of $2.02 per share on $96.41 million revenue, marking slight improvement from last year's $3.20 loss but representing a sequential revenue decline. The EV charging specialist has beaten estimates in just half of its last 16 quarters.
JPMorgan maintains a bearish stance, citing commoditization risks in the charging sector. While acknowledging potential from ChargePoint's Eaton partnership, the firm highlights intensifying competition's threat to pricing power and customer retention. Their $9 price target suggests 20% downside from current levels.
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