Out Fox The $treet

ChargePoint reported a big miss for FQ4 numbers. The charging station company guided FQ1'23 sales $31 million below analyst estimates. CHPT stock trades at 40x subscription revenues with the market applying valuations to charging station revenues sold virtually at cost. After the close,  ChargePoint Holdings  ( NYSE: CHPT ) appears to have reset the expectations for charging station growth in the year ahead. The company continues to face supply and shipment challenges and the financials never seem to improve with surging  revenue growth. My  investment thesis  remains ultra Bearish on the stock with the company burning cash at an alarming rate and already raising additional capital. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details. 

  ChargePoint continues to spit out large revenue growth from selling EV charging stations at limited positive margins. The subscription revenue base is only ~$85 million despite the company spending over $330 million in annual operating expenses. The stock still has a market cap topping $4 billion while burning all the SPAC cash with substantial cash flow burn each quarter. This idea was discussed in more depth with members of my private investing community, Out Fox The Street.  Learn More »   ChargePoint Holdings  ( NYSE: CHPT ) is still reporting fast revenue growth without much in the way of gross profits. The EV charging space is still too focused on throwing up charging stations without much in the way of actual demand  for usage. My  investment thesis  remains ultra Bearish on the stock at just about any valuation until the business model changes. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the...

  ChargePoint still has an amazing $4.3 billion market cap, despite selling charging stations mostly at cost. The company still has no meaningful gross profit from subscriptions. The stock is far too expensive at 6x FY24 sales, despite the business burning tons of cash each quarter. This idea was discussed in more depth with members of my private investing community, Out Fox The Street.  Learn More »   Even though  ChargePoint Holdings  ( NYSE: CHPT ) is trading closer to the lows now, the stock is still living off EV hype. The stock constantly rallies up to $20 providing a better opportunity for longs to dump shares, but another rally isn't guaranteed as  the quarter ahead will ultimately highlight cash burn concerns. My  investment thesis  remains Bearish on the EV charging station stock. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details.  Update - Dec. 2 Cha...

  Volta recently reported another quarter with large losses. The EV charging station company has an intriguing business concept, but the digital ad market isn't delivering the necessary revenues. The company faces a cash crunch while having an interim CEO and needing to hire a CFO. This idea was discussed in more depth with members of my private investing community, Out Fox The Street.  Learn More »   While EV charging continues to garner more interest and government funding,  Volta  ( NYSE: VLTA ) still doesn't have a workable business plan for the short term. The company has lost most key executives despite what previously amounted to a promising business  model in EV charging stations. My  investment thesis  remains Neutral with the stock trading at $2 now, but Volta could keep falling. Read the full article on Seeking Alpha.  Disclosure: No positioned mentioned. Please review the disclaimer page for more details.  Update - Sept. 28 ...