What's Going On With ChargePoint Shares Today?

ChargePoint Holdings, Inc. CHPT shares are trading higher on the bourses Thursday.

The company announced the appointment of a Chief Financial Officer, Chief Development Officer for Software, and a new member of the Board of Directors.

According to Benzinga Pro, CHPT stock has lost over 78% in the past year. Investors can gain exposure to the stock via SPDR S&P Kensho Intelligent Structures ETF SIMS and Invesco WilderHill Clean Energy ETF PBW.

Mansi Khetani has been appointed Chief Financial Officer, effective July 9, 2024. Khetani has been with ChargePoint since 2018, previously leading Financial Planning and Analysis efforts before becoming interim CFO in November 2023.

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Ash Chowdappa has joined ChargePoint as Chief Development Officer for Software, where he will lead the Software team across all regions, products, and segments. 

Mitesh Dhruv has joined ChargePoint’s Board and will serve as a member of the Audit Committee. 

“Each brings unique capabilities that will help us continue to make ChargePoint the platform of choice for everyone who wants to offer EV charging and they share a deep passion to build something that is better than all other alternatives,” said Rick Wilmer, CEO of ChargePoint.

Last month, the company inked a pact with LG Electronics to build a strategic partnership for future innovations in EV charging.

The initial result of this partnership will be commercial charging solutions integrating ChargePoint’s top-tier charger management software with LG’s advanced EV charging hardware, which is set to commence deliveries later this summer.

Recently, the company also inked a pact with Porsche Cars North America that will increase the number of chargers available to Porsche customers to more than 100,000 across North America.

Price Action: CHPT shares are trading higher by 2.09% to $1.95 at last check Thursday.

Photo via Wikimedia Commons

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