Collaborations With GM, Eaton Spark Optimism for ChargePoint’s Growth Prospects

ChargePoint Holdings, Inc. (NYSE:CHPT) is one of the 10 Best EV Stocks to Buy According to Hedge Funds.

Amid the mixed Q2 results and analysts’ opinions, the company progresses with collaborations.

ChargePoint Holdings, Inc. (NYSE:CHPT) reached the top end of its guidance range and beat the analyst estimates by 3.3% with a revenue of $98.59 million in the second quarter of 2025. Though this gains a positive response, the figure still stands at a 9.2% low compared to the same quarter of the previous year. Additionally, the 3% year-over-year increase in Passenger EV sales growth in the U.S. is regarded as slow, giving rise to concerns about vehicles’ future adoption. Ultimately, it resulted in mixed opinions among analysts, with some analysts reducing their price target on the stock. RBS Capital, for instance, lowered the price target from $20 to $10 while keeping a Sector Perform rating on the shares.

Meanwhile, the collaboration with General Motors to deploy up to 500 ultra-fast charging ports at public locations across the U.S. by the end of 2025 and the partnership with Eaton to create joint EV charging and energy management solutions for North America and Europe raise the expectations for the company’s growth.

As per the Insider Monkey database, 19 hedge funds hold an interest in stock ownership, building confidence in the company.

ChargePoint Holdings, Inc. (NYSE:CHPT). headquartered in California and founded in 2007, is a leader in the EV charging industry. It operates one of the world’s largest and most comprehensive EV charging networks.

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