On February 19, 2025, ChargePoint Holdings, Inc. (CHPT) received a warning from the New York Stock Exchange (NYSE) for failing to meet the minimum $1.00 average closing price over 30 consecutive trading days. While this does not immediately impact the company’s stock listing, ChargePoint has six months to regain compliance. If the stock does not recover, the company may consider measures like a reverse stock split, pending shareholder approval.
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Aiming to Grow Despite Delisting Threat
Despite this financial hurdle, ChargePoint continues to expand its presence in the EV charging industry. In December 2024, the company partnered with General Motors (GM) to install up to 500 DC fast-charging stations across the U.S. by the end of 2025. These stations, featuring ChargePoint’s high-speed Express Plus technology, will support both CCS and Tesla’s NACS charging ports, making them widely accessible to EV drivers.
At the same time, ChargePoint has been tackling a growing problem: vandalism and cable theft at charging stations. To combat this, the company introduced cut-resistant cables designed with reinforced steel and launched ChargePoint Protect, a security system that alerts station owners of tampering attempts in real time.
This is not the first time ChargePoint has been in the headlines for the wrong reasons. In November 2023, ChargePoint was hit with a class-action lawsuit alleging misleading financial statements. This latest NYSE notification adds another layer of complexity as the company works to stabilize its stock, expand its infrastructure, and secure its charging network for the future.
Is CHPT a Buy, Hold, or a Sell?
Turning to Wall Street, ChargePoint is considered a Hold. The average price target for CHPT stock is $1.61, implying a 111.81$ upside potential.
