ChargePoint Holdings Inc Ordinary Shares - Class A

CHPT: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$8.67	Pwwf	Mgcnmsqf

ChargePoint: Equity Capital Raise Is Prudent but Painful; Lowering Fair Value Estimate

Brett Castelli

Oct 12, 2023

We lower our fair value estimate for no-moat ChargePoint to $5 from $8 following the company's recent equity capital raise. Our lower valuation is driven largely by the share dilution and a slight increase in our discount rate. We view the shares as slightly undervalued in light of our Very High Morningstar Uncertainty Rating.

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