JPMorgan calls ChargePoint preferred name in charging space

JPMorgan analyst Bill Peterson reiterates an Overweight rating on ChargePoint after hosting investor meetings with management. The analyst came away "incrementally more confident" around ChargePoint’s competitive positioning, margin expansion opportunities and path to profitability. ChargePoint has the right strategy and is putting the pieces in place to be "among a select few charging companies that can grow into profitability and thrive in the coming years," the analyst tells investors in a research note. The firm calls ChargePoint its preferred name in the electric vehicle charging space, and continues to see upside in shares for "patient investors."