EV Penny Stocks List: From $10 to Under $1

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7. ChargePoint Holdings Inc. (NYSE:CHPT)

Number of Hedge Fund Holders: 14

Share Price as of April 16 2025: $0.60

ChargePoint Holdings Inc. (NYSE:CHPT) is a specialty retail company capitalizing on the proliferation of electric vehicles in North America and Europe. The company specializes in offering charging networks and charging stations in retail, workplace, hospitality and healthcare facilities. While the stock has been under pressure, analysts at Benchmark reiterated a Buy rating on the stock on March 5 with a $3.00 price target. The Buy rating comes on ChargePoint Holdings Inc.’s (NYSE:CHPT) gross profit margin, improving to 24.1% in fiscal 2025 from 5.9% in fiscal 2024.

In addition, it successfully narrowed its net loss to $282.9 million from $457.6 million in fiscal 2024. Revenues in Q4 fiscal 2025 totaled $102 million, well above the expected $101.4 million. ChargePoint expects its Q1 fiscal 2026 revenue to range between $95 million and $105 million, signaling continued growth.

The better-than-expected results came from ChargePoint Holdings Inc.’s (NYSE:CHPT) significant innovation and product development strides, which contributed to its competitive position in the rapidly growing electric vehicle (EV) market. Management remains optimistic about the company bouncing to profitability in fiscal 2026 amid growing demand for charging stations.

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