TSLA - Despite OEM-Tesla Agreements Analyst Sees CHPT Gaining In North American Public Charging Market | Benzinga
Oppenheimer analyst Colin Rusch reiterated an Outperform rating on the shares of ChargePoint Holdings Inc (NYSE: CHPT) and lowered the price target from $14 to $13.
Last week, CHPT announced a commitment by investors to purchase $175 million of common stock and raised net proceeds of $57 million under the at-the-market (ATM) facility during Q3 FY24.
CHPT also extended the due date of its convertible debt to 2028 (from 2027) and adjusted the convertible price from $24.03/share to $12/ share.
Thus, the analyst has changed the estimates to account for additional ...