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ChargePoint Holdings (NYSE: CHPT) posted fiscal second-quarter revenue of $116.1 million, up 18% year over year and ahead of the roughly $105 million analysts expected, and Thursday's session has repriced the stock sharply higher.
Shares were up 74% to $9.05 Thursday afternoon after the company cleared consensus on adjusted EBITDA and per-share loss in the same print. The positioning backdrop matters here.
No short interest data is available to confirm whether a covering dynamic is amplifying the move, and the size of Thursday's reprice runs well ahead of what the reported figures alone account for.
ChargePoint closed down 22% year to date and down 6% over the past month through Wednesday. Even after the rally, the stock trades below its 52-week high of $12.61.
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