ChargePoint shares lose nearly 13% over one week

what happened

Seeking Alpha reported that ChargePoint stock dropped about 7.20% on Monday to roughly $7.35, taking its one-week decline to almost 13%. The shares have been under pressure for a week and have lagged the S&P 500, with a reading of 10.39% versus 14.11% for the broader benchmark. The retreat followed a September advance of around 90% after the company released its second-quarter results.

Quarterly revenue came to $116.1M, an 18% year-over-year increase and $10.87M above analyst forecasts. However, management’s next-quarter range of $105M–$115M points to a possible sequential deceleration. Second-quarter gross margin also benefited by four percentage points from tariff refunds; excluding that effect, non-GAAP gross margin was about 35%.

Seeking Alpha analyst Disruptive Investor kept a Buy rating in September, pointing to possible margin expansion, subscription income and the anticipated increase in Express Solo sales. The analyst also highlighted funding concerns: ChargePoint held $95.7M in cash and used $40.8M in operating activities during the first half of fiscal 2027. On TradingView’s 15-minute chart, the stock fell through its roughly $8.00 consolidation area toward $7.35 on heavier selling volume. The 14-period RSI reached 18.55, while MACD stayed negative. Support is near $7.20; resistance stands at $7.50 and then $7.85. Seeking Alpha’s Quant system continues to rate the stock Hold, with a score of 3.39.

why it matters

The weaker forward outlook, liquidity concerns and bearish chart setup leave ChargePoint shares particularly sensitive to upcoming company updates.

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