Switchback Energy Acquisition Corp

Switchback Energy Acquisition Corp Stock Forecast & Price Prediction

Live Switchback Energy Acquisition Corp Stock (CHPT) Price
$1.22

17

Ratings

  • Buy 3
  • Hold 12
  • Sell 2
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$1.22

P/E Ratio

-0.97

Volume Traded Today

$6.4M

Dividend

Dividends not available for CHPT

52 Week High/low

3.13/1.05

Switchback Energy Acquisition Corp Market Cap

$526.5M

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CHPT Summary

From what 17 stock analysts predict, the share price for Switchback Energy Acquisition Corp (CHPT) might increase by 73.84% in the next year. This is based on a 12-month average estimation for CHPT. Price targets go from $1.2 to $4. The majority of stock analysts believe CHPT is a buy. Please note analyst price targets are not guaranteed and could be missed completely.

CHPT Analyst Ratings

About 17 Wall Street analysts have assigned CHPT 3 buy ratings, 12 hold ratings, and 2 sell ratings. This means that analysts expect Switchback Energy Acquisition Corp to outperform the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on CHPT. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.

CHPT stock forecast by analyst

These are the latest 20 analyst ratings of CHPT.

Analyst/Firm

Rating

Price Target

Change

Date

Michael Legg
Benchmark

Buy

$3

Reiterates

Nov 20, 2024
Stephen Gengaro
Stifel

Hold

$2

Maintains

Oct 30, 2024
Robert Jamieson
UBS

Neutral

$1.5

Maintains

Oct 15, 2024
Bill Peterson
JP Morgan

Underweight


Downgrade

Oct 3, 2024
Mark Delaney
Goldman Sachs

Sell

$1.25

Maintains

Sep 6, 2024
Chris Pierce
Needham

Buy

$2

Maintains

Sep 5, 2024
Gabe Daoud
TD Cowen

Hold

$2

Downgrade

Sep 5, 2024
James West
Evercore ISI Group

Outperform

$4

Maintains

Sep 5, 2024
Chris Dendrinos
RBC Capital

Sector Perform

$2.5

Maintains

Sep 5, 2024
Michael Legg
Benchmark

Buy

$3

Reiterates

Sep 5, 2024
Michael Legg
Benchmark

Buy

$3

Maintains

Jun 28, 2024
Gabe Daoud
TD Cowen

Buy

$3

Maintains

Jun 6, 2024
Chris Pierce
Needham

Buy

$3

Reiterates

Jun 6, 2024
Mark Delaney
Goldman Sachs

Sell

$1.5

Downgrade

Apr 9, 2024
Chris Pierce
Needham

Buy

$3

Reiterates

Apr 4, 2024
Colin Rusch
Oppenheimer

Perform


Maintains

Mar 6, 2024
Chris Dendrinos
RBC Capital

Sector Perform

$3

Downgrade

Mar 6, 2024
Matt Summerville
DA Davidson

Buy

$4

Maintains

Mar 6, 2024
Michael Legg
Benchmark

Buy

$4.25

Reiterates

Mar 6, 2024
Jaime Perez
RF Lafferty

Hold

$3

Maintains

Mar 6, 2024

CHPT Company Information

What They Do: Provides electric vehicle charging networks and solutions.

Business Model: The company generates revenue by offering a comprehensive EV charging network and solutions tailored for various sectors, including commercial, fleet, and residential customers. It serves a diverse clientele, from retail and hospitality to logistics and multi-family residences, ensuring accessibility and convenience for electric vehicle users.

Other Information: Founded in 2007 and headquartered in Campbell, California, the company operates in both North America and Europe, positioning itself in a growing market as demand for electric vehicles increases. ChargePoint Holdings is well-placed to benefit from the global shift towards sustainable transportation and the expansion of EV infrastructure.
CHPT
Switchback Energy Acquisition Corp (CHPT)

When did it IPO

2020

Staff Count

1,650

Country

United States

Sector/Industry

Consumer Cyclical/Specialty Retail

CEO

Mr. Richard Wilmer

Market Cap

$526.5M

Switchback Energy Acquisition Corp (CHPT) Financial Data

In 2023, CHPT generated $0 in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that CHPT's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

N/A

Revenue From 2021

N/A

0.00 %
From Previous Year

Revenue From 2022

N/A

0.00 %
From Previous Year

Revenue From 2023

N/A

0.00 %
From Previous Year
  • Revenue TTM $441.7M
  • Operating Margin TTM -57.8%
  • Gross profit TTM $30.1M
  • Return on assets TTM -21.0%
  • Return on equity TTM -155.6%
  • Profit Margin -89.1%
  • Book Value Per Share 0.54%
  • Market capitalisation $526.5M
  • Revenue for 2021 N/A
  • Revenue for 2022 N/A
  • Revenue for 2023 N/A
  • EPS this year (TTM) $-0.97

Switchback Energy Acquisition Corp (CHPT) Latest News

News Image

Wed, 27 Nov 2024

Sentiment - NEGATIVE

Source - Zacks Investment Research

Summary - ChargePoint (CHPT) is not expected to have the necessary factors for a potential earnings beat in its upcoming report, indicating cautious investor sentiment.

Why It Matters - ChargePoint's potential earnings miss may impact its stock price and investor sentiment, signaling weakness in performance and possibly affecting future growth projections.

News Image

Tue, 26 Nov 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Glancy Prongay & Murray LLP is investigating ChargePoint Holdings, Inc. (NYSE: CHPT) for potential state law violations by the company and its directors. Investors seeking more information can contact GPM.

Why It Matters - The investigation into ChargePoint's potential legal violations could lead to regulatory scrutiny, impacting stock performance and investor confidence.

News Image

Fri, 22 Nov 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - ChargePoint Holdings, Inc. (CHPT) closed at $1.15, reflecting a 1.77% increase from the previous trading day.

Why It Matters - ChargePoint's 1.77% gain signals positive market sentiment, potentially attracting more investors and impacting future stock performance and volatility.

News Image

Thu, 14 Nov 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - ChargePoint (NYSE:CHPT) will release Q3 FY2025 financial results on December 4, 2024, and hold a conference call at 1:30 PM PT to discuss the results.

Why It Matters - ChargePointโ€™s upcoming earnings report could influence stock performance and investor sentiment, reflecting the company's growth and market position in the EV sector.

News Image

Thu, 14 Nov 2024

Sentiment - NEUTRAL

Source - Zacks Investment Research

Summary - ChargePoint Holdings, Inc. (CHPT) closed at $1.12, up 1.82% from the previous trading day.

Why It Matters - ChargePoint's stock increase indicates positive market sentiment, potentially attracting more investors and impacting future trading volumes and valuations.

News Image

Tue, 12 Nov 2024

Sentiment - POSITIVE

Source - The Motley Fool

Summary - An out-of-favor EV charging company may have potential for stock recovery in the future. Investors should monitor developments for opportunities.

Why It Matters - Potential for recovery in a struggling EV charging company may indicate a buying opportunity, signaling market sentiment shifts and future growth in the EV sector.

...

CHPT Frequently asked questions

The highest forecasted price for CHPT is $4 from Chris Pierce at Needham.

The lowest forecasted price for CHPT is $1.2 from from

The CHPT analyst ratings consensus are 3 buy ratings, 12 hold ratings, and 2 sell ratings.