What's Going On With ChargePoint Stock Today?

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

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.

Yesterday, the company’s peer Blink Charging Co. BLNK reported worse-than-expected second quarter financial results.

Today, ChargePoint announced the launch of ChargePoint Omni Port, an EV connector solution that ensures any EV can charge in any parking space, regardless of its connector type, and without an expensive additional cable.

“With Omni port, ChargePoint solved the challenges associated with a multiple connector environment, ensuring Tesla and non-Tesla drivers can continue to expect a world-class driver experience,” said Rick Wilmer, CEO of ChargePoint.

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Omni Port removes the need for drivers to carry an adapter and eliminates the need for dedicated parking spots for specific connector types.

The company said Omni Port is the sole public solution addressing North America’s EV connector issues for both AC and DC charging.

It allows drivers of any vehicle make to use the same charging station by integrating the most common connector types into each port.

The company said it is included at no extra charge as a standard feature with ChargePoint’s compatible chargers.

Omni Port will begin shipping by the end of the year, and can be retrofitted onto ChargePoint CP6000 and Express Plus Power Link 2000 models at a nominal cost.

Price Action: CHPT shares are trading higher by 9.44% to $1.74 at last check Thursday.

Photo via Wikimedia Commons

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