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Brokers give thumbs up to ChargePoint Holdings' (NYSE: CHPT) Q1FY24 earnings, retain Buy rating

Fri 16 Jun 23, 10:05 AM | Akanksha Vashisht

Is ChargePoint Holdings Inc. (NYSE: CHPT) a ‘Buy’ despite losses in Q1 FY24?

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ChargePoint Holdings (NYSE: CHPT) released its results for the first fiscal quarter ended April 30, 2023, on June 02, 2023. The company reported a revenue of US$ 130 million, which was 59% higher than the company’s revenue in the same quarter of the previous year.

ChargePoint trimmed its net loss to US$ 79.4 million for the quarter, as against a net loss of US$ 89.3 million during the same period of the prior year.

These results were followed by reviewed broker recommendations on CHPT, with most brokers maintaining their previous ratings despite the reported net loss of US$ 79.4 million.

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