ChargePoint Holdings Inc (CHPT)
ChargePoint Holdings Inc (CHPT) entered the public market in March 2021 through a SPAC merger, launching at a reference price of $10 per share. Almost immediately, it gained traction among traders looking for exposure to the booming electric vehicle (EV) industry. While automakers were grabbing headlines, ChargePoint was quietly building the infrastructure behind the revolution. As the world shifts toward clean energy, CHPT continues to offer high-volatility setups backed by real momentum. So, how do you trade it?
What Is ChargePoint Holdings Inc (CHPT) and How It Moves
ChargePoint builds and manages one of the largest networks of EV charging stations across North America and Europe. But it’s not just a hardware company. In fact, its business model is built around a combination of charging hardware, cloud-based software subscriptions, and fleet management services. This means it earns revenue not only from selling stations, but also from recurring SaaS fees tied to usage, analytics, and support.
From a trading perspective, CHPT reacts to a wide range of catalysts. For example, government policy changes, major EV adoption announcements, or infrastructure spending bills can trigger sharp price movement. Additionally, technical traders love this stock because it often respects chart structure and reacts well to volume shifts.
Why Traders Focus on ChargePoint Holdings Inc (CHPT)
Direct EV infrastructure exposure
Rather than betting on one automaker, traders use CHPT to gain exposure to the entire EV charging ecosystem.
Strong reaction to macro headlines
Because of its connection to clean energy funding, CHPT rallies fast on stimulus news, especially around green infrastructure.
Increased volatility around earnings
Earnings reports tend to bring aggressive swings, especially when forward guidance is tied to new legislation or funding trends.
Sympathy play on EV sentiment
When Tesla, Rivian, or Lucid spike, CHPT often follows due to sector rotation and ETF flow.
Clear technical patterns
Support and resistance zones form cleanly, giving swing traders solid entry and exit points.
Retail favorite during risk-on cycles
Because it trades with high volume and strong narrative, CHPT tends to draw in retail traders during speculative waves.
Growth name with long-term upside
Although still unprofitable, ChargePoint is seen as a foundational piece of EV infrastructure, which keeps institutions watching.
Macro Forces Behind ChargePoint Holdings Inc (CHPT) Moves
ChargePoint’s stock price is heavily influenced by the macro narrative around energy transition. Whenever policymakers push for cleaner transportation or announce major EV incentives, CHPT tends to pop. For instance, federal infrastructure bills or EV rebate programs often create multi-day rallies, especially when charging networks are named specifically.
Moreover, interest rates affect CHPT just like other unprofitable growth stocks. When rates rise, future cash flows are discounted more heavily, which drags down the stock. However, when the Fed softens its stance or market sentiment turns risk-on, CHPT usually rebounds quickly — often faster than traditional tech or industrial names.
Beyond U.S. policy, international adoption of electric mobility also matters. As European countries roll out stricter emissions laws, demand for scalable charging networks grows — and that can boost sentiment even when the U.S. market is flat.
Swing Trading ChargePoint Holdings Inc (CHPT)
CHPT is tailor-made for swing traders — but only when timing aligns with volume and macro drivers. It doesn’t trend smoothly, but when it moves, it moves fast. Therefore, it’s crucial to wait for confirmation.
Trade momentum from government headlines
When legislation passes or spending plans are announced, CHPT typically breaks out. Wait for volume confirmation and jump in on the move.
Play post-earnings reactions carefully
Earnings swings are unpredictable. Sometimes the stock gaps up but fades hard. Other times, it gaps down and squeezes. Let the first 30 minutes settle, then follow volume.
Use EMAs for structure
The 21-day and 50-day EMAs often act as decision points — especially during broader EV sector rallies.
Capitalize on sector rotation
When money flows into green energy or infrastructure ETFs, CHPT benefits. Use those inflows as a signal for long entries.
Fade overextensions with caution
If the stock runs 30%+ in a week on news hype, expect a retracement. Watch RSI and volume tapering to fade safely.
Watch Tesla and the EV complex
Strong moves in larger EV names can create sympathy tailwinds for CHPT. Especially when they mention charging needs in earnings calls.
Frequently Asked Questions
What does ChargePoint Holdings Inc (CHPT) actually do?
ChargePoint builds EV charging stations and offers cloud software that manages those networks for residential, commercial, and fleet use cases.
Is CHPT stock correlated with EV adoption?
Absolutely. As EV sales rise, the demand for charging infrastructure grows — which directly benefits ChargePoint’s top line.
Is ChargePoint profitable?
Not yet. CHPT continues to operate at a loss, but its recurring revenue model and government-aligned growth plan keep investors interested.
Why is CHPT so volatile?
Because it trades on both speculative future growth and government policy, CHPT often sees sharp swings even on minor headlines.