ChargePoint in Strong Position to Self-Fund Path to Profitability, Oppenheimer Says

01:45 PM EDT, 09/03/2026 (MT Newswires) -- ChargePoint (CHPT) is working through inventory and is in a strong position to self-fund its path to profitability, Oppenheimer said in a note Thursday. Management expects inventory to continue declining through the year, supporting a path toward positive operating cash flow, the brokerage said. Non-GAAP operating expenses are expected to remain below $50 million in fiscal Q3, according to the note. Analysts said they are encouraged by initial traction with new products and view the company as a leading provider of autonomous vehicle charging infrastructure, which is seen to be nearing a "substantial" inflection point. The brokerage raised its fiscal 2027 revenue estimate to $444 million from $427 million, and lowered its adjusted loss estimate to $2.13 per share from a loss of $2.45. Oppenheimer has a perform rating on ChargePoint. Shares of ChargePoint climbed past 68% in Thursday trading. Price: 8.75, Change: +3.56, Percent Change: +68.59