ChargePoint shares rise 7 percent as September rally continues while EVgo and Blink Charging decline
By Eve
ChargePoint stock climbed 7 percent to $10.16 on Wednesday, extending a multi-week September advance driven by second quarter results that showed $116 million in revenue, an 18 percent year over year increase, alongside improved margins and a smaller than expected loss. EVgo shares fell 3 percent to $1.29 and Blink Charging slipped 0.45 percent to $0.56, highlighting divergent performance among listed charging operators. Analysts note ChargePoint's rally has outpaced the broader sector despite ongoing concerns over cash burn and balance sheet pressure.
Why it matters
The widening performance gap between ChargePoint and its publicly traded rivals signals shifting investor confidence in individual operators' financial trajectories, a dynamic that may influence capital allocation decisions and partnership strategies for site hosts and fleet buyers evaluating long term charging infrastructure partners.
Source
- Original title
- “ChargePoint Jumps 7% as Electric September Run Persists; EVgo Falls 3%, Blink Charging Slips”
- Published
- 30 September 2026
- Updated
- 1 October 2026
In this story
- Topic
- EV Charging
- Place
- United States
- Tags
- ChargePoint · EVgo · Blink Charging
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