9 Best EV Charging Stocks to Buy Now

5. ChargePoint Holdings, Inc. (NYSE:CHPT)

Stock Upside Potential: 57.26%

Number of Hedge Fund Holders: 11

ChargePoint Holdings, Inc. (NYSE:CHPT) is one of the best EV charging stocks to buy now. ChargePoint Holdings, Inc. (NYSE:CHPT) has a Hold consensus from 11 analysts, with an average target of $12.88 versus the current $8.19, implying a 57.26% upside.

On November 25, ChargePoint Holdings, Inc. announced a collaboration with Dabaja Brothers Development Group to deploy more than 40 fast-charging ports at properties owned and operated by Dabaja Brothers. The stated objective is to address limited EV charging access in Michigan.

The first site opened in Canton, Michigan, featuring a ChargePoint Express Plus station that delivers ultra-fast charging up to 500 kW. Further deployments will include sites in Dearborn and Livonia, Michigan, to expand coverage across Metro Detroit. All new stations integrate with the ChargePoint Platform, which provides real-time performance monitoring and insights.

The collaboration comes two weeks after ChargePoint unveiled its re-engineered ChargePoint Platform on November 13. The platform now features AI-powered tools to simplify management of EV charging networks. It includes an AI data assistant that analyzes usage patterns, energy conditions, and station health to provide predictive insights, optimize charging schedules, and forecast maintenance needs. The platform also has a new virtual queue system, Waitlist, which handles high-demand periods by lining up drivers digitally and alerting them when spots open.

ChargePoint Holdings, Inc. (NYSE:CHPT) is a leading provider of EV charging solutions. It develops and operates one of the largest charging networks in North America and Europe, offering hardware, cloud-based software, and services for residential, commercial, and fleet customers.