11 Best Penny Stocks to Invest in Under $1

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7. ChargePoint Holdings Inc. (NYSE:CHPT)

Share Price as of April 10: $0.6

Number of Hedge Fund Holders: 14

ChargePoint Holdings Inc. (NYSE:CHPT) provides EV charging networks and charging solutions in North America and Europe. It serves the commercial sector which includes retail, workplace, hospitality, healthcare, fueling & convenience, and parking lot operators. It also serves fleets such as municipal buses, and delivery & work vehicles, among other applications.

The company’s network charging systems and subscription services are supported by its expansive network of managed charging ports and help drive its growth. The company made a total of $102 million in revenue for FQ4 2025, where the subscription revenue increased by 14% year-over-year to $38 million. This came from the increasing number of charging ports managed by the company’s software, which reached 342,000 globally and included 33,000 DC fast chargers.

ChargePoint Holdings Inc. (NYSE:CHPT) is collaborating with GM Energy to open several GM Energy-branded DC fast-charging locations. This partnership uses ChargePoint Holdings Inc.’s (NYSE:CHPT) market position and industry relationships to accelerate network growth. For FQ1 2026, the company expects revenue between $95 and $105 million. To support this, it’s also developing next-gen software and hardware, such as anti-vandalism technology.

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