ChargePoint (CHPT) Shares Rise 5.6% on EV Charging Partnership Announcement

ChargePoint Holdings (NYSE:CHPT) shares rose 5.6% on January 22, 2026, after announcing a partnership with Midwestern Wheels, an Avis Budget Group licensee, to install public EV charging stations at rental locations in Appleton and Madison, Wisconsin. The move supports broader efforts to expand accessible charging infrastructure for both renters and local users. The stock’s gain follows a year of high volatility, with 54 moves exceeding 5%. While not a fundamental shift, the market responded positively to the new deployment plan. ChargePoint’s shares have declined 2.2% year-to-date and trade at $6.89, down 65.9% from their 52-week high of $20.20 set in January 2025. Earlier, in November 2025, the stock surged 26.8% after reporting Q3 revenue of $105.7 million—6.1% higher than the prior year and above estimates—and a gross margin expansion to 30.7% from 23.8%. GAAP loss per share narrowed to $2.23 from $3.56, though it missed expectations slightly. The company also issued Q4 revenue guidance of $105 million at the midpoint, surpassing Wall Street forecasts.