ChargePoint Holdings, Inc. (CHPT) shares pushed higher in Wednesday's premarket session, riding a wave of data that paints a compelling picture: people want to charge their electric vehicles faster than new charging stations are popping up. That's the kind of supply-demand imbalance that gets investors excited.

The positive momentum comes as the company released figures showing charging demand continues to significantly outpace the growth of available charging ports, adding fuel to bullish sentiment even as broader markets showed mixed performance.

The Numbers Tell an Interesting Story

Here's where things get interesting. ChargePoint's latest data reveals that EV charging sessions jumped 34% while new charging ports grew by just 16%. That's more than double the infrastructure growth rate, which tells you something important about where the market is heading.

Even more striking: nearly 60% of the electric miles enabled across ChargePoint's nearly 18-year history happened in just the last two years. Think about that for a second. Almost two decades of building infrastructure, but more than half the actual usage crammed into a 24-month window. That's acceleration.

The broader automotive picture supports this trend. Global EV sales climbed 20% in 2025, with European sales surging 33% and the U.S. notching its second-best year of EV sales ever. ChargePoint now serves more than one million drivers every month, according to the company.

What the Charts Are Saying

The technical picture is decidedly mixed. ChargePoint currently trades 0.4% above its 20-day simple moving average, which sounds fine until you zoom out. The stock sits 10.9% below its 50-day SMA, 26.9% below its 100-day SMA, and 39.9% below its 200-day SMA. Shares have dropped 53.33% over the past year and are hovering much closer to their 52-week lows than highs.

The RSI stands at 47.83, landing in neutral territory, while the MACD sits above its signal line, suggesting bullish momentum. So you've got neutral sentiment meeting bullish signals—a classic case of mixed momentum that makes technical traders scratch their heads.

• Key Resistance: $7.00
• Key Support: $5.50

ChargePoint pulls most of its revenue from the United States, and the company's latest data underscores its central role in the EV infrastructure buildout. As demand for charging continues to outstrip supply, ChargePoint positions itself as a critical player in the electric mobility transition, making it worth watching for investors betting on the EV trend.

What Wall Street Expects

ChargePoint Holdings, Inc. is scheduled to report its next earnings on March 3, 2026. Here's what analysts are penciling in:

• EPS Estimate: $-1.34 (an improvement from $-1.40 year-over-year)
• Revenue Estimate: $104.78 million (up from $101.89 million year-over-year)

Analyst Consensus and Recent Moves: The stock carries a Hold rating with an average price target of $33.66. Recent analyst actions include:

• UBS: Neutral (lowered target to $9.00 on Dec. 22, 2025)
• B. Riley Securities: Neutral (lowered target to $11.00 on Dec. 10, 2025)
• Goldman Sachs: Sell (raised target to $10.00 on Dec. 8, 2025)

Performance Scorecard

Looking at ChargePoint's market performance metrics reveals some clear weaknesses compared to the broader market:

• Momentum: Weak (Score: 2.48) — The stock is underperforming the broader market.

The Bottom Line: ChargePoint's performance signal reveals a classic weak momentum setup. While the score indicates underperformance relative to the market, the company's strong strategic position in EV charging infrastructure suggests potential for future growth as demand continues to outstrip supply.

ETF Exposure Worth Noting

• SPDR S&P Kensho Intelligent Structures ETF (SIMS): 3.13% weight
• WisdomTree Battery Value Chain and Innovation Fund (WBAT): 3.87% weight

Why This Matters: Because CHPT carries significant weight in these funds, any major inflows or outflows will likely trigger automatic buying or selling of the stock, creating price pressure independent of company fundamentals.

CHPT Price Action: ChargePoint shares were up 1.57% at $6.47 during premarket trading on Wednesday.