CHPT vs EVGO: ChargePoint vs EVgo Stock Comparison: AI Score, Valuation, Performance and Upside
ChargePoint uses a software-and-hardware partnership model where property owners fund the charging stations while ChargePoint provides the network and software, while EVgo owns and operates its fast-charging stations directly. ChargePoint has more ports and a recurring software revenue model; EVgo has more control over network quality and captures full per-session economics.
CHPT vs EVGO is EV charging software platform versus own-and-operate fast-charging network — ChargePoint wins if subscription software scales faster than utilization-dependent station revenue; EVgo wins if own-and-operate allows better customer experience and utilization drives gross profit leverage.
EVGO holds the edge across 3 of 5 key metrics in this comparison. EVGO has delivered stronger 1-year price return (-49.15% vs -50.86%), though CHPT has the better forward P/E setup (-3.11x vs -5.41x for EVGO). Analyst consensus implies meaningfully more upside for EVGO (+138.12%) than for CHPT (+4.50%).
- →prefer ChargePoint's asset-light software platform model vs own-and-operate capex
- →want the largest US charging port count as a network distribution advantage
- →value recurring subscription software revenue as a higher-quality EV charging revenue stream
- →are comfortable with ChargePoint's path to profitability through software gross margin improvement
- →prefer the own-and-operate model for network quality control and per-session economics
- →value EVgo's GM partnership and bundled subscription plans as a built-in demand channel
- →believe DC fast charging utilization will improve with EV adoption driving gross profit leverage
- →are comfortable with heavier site capex in exchange for full ownership of charging revenue
| Metric | CHPT | EVGO |
|---|---|---|
| AI score | 22.5 | 23.5 |
| AI rank | #4090 | #3566 |
| Latest close | $6.30 | $1.78 |
| 1M return | -11.76% | -10.76% |
| 6M return | -10.51% | -42.24% |
| 1Y return | -50.86% | -49.15% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | CHPT | EVGO |
|---|---|---|
| 1Y ago | $4.91K (-50.9%) started 2025-07-14 | $5.08K (-49.2%) started 2025-07-14 |
| 5Y ago | $128.47 (-98.7%) started 2021-07-14 | $1.69K (-83.1%) started 2021-07-14 |
| 10Y ago | $322.75 (-96.8%) started 2019-09-16 | $1.82K (-81.8%) started 2020-11-20 |
Hypothetical — past performance does not guarantee future results.
| Metric | CHPT | EVGO |
|---|---|---|
| Market cap | $163.16M | $560.18M |
| Trailing P/E | N/A | N/A |
| Forward P/E | -3.11 | -5.41 |
| Price/Sales | 0.39 | 1.34 |
| EV/Revenue | 0.76 | 1.81 |
| Analyst target | $6.58 | $4.25 |
| Target upside | +4.50% | +138.12% |
| Metric | CHPT | EVGO |
|---|---|---|
| Revenue growth | 4.30% | 45.50% |
| Earnings growth | N/A | N/A |
| EPS growth | N/A | N/A |
| FCF margin | +7.84% | -27.32% |
| Operating margin | N/A | N/A |
| Profit margin | -49.66% | -11.15% |
| ROIC proxy | -376.81% | -27.38% |
| Return on equity | -376.81% | -27.38% |
| Dividend yield | 0.00% | 0.00% |
| Beta | 1.72 | 2.78 |
| Debt/equity | N/A | 91.44 |
| Current ratio | 1.15 | 2.07 |
| Quick ratio | 0.50 | 1.52 |
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | CHPT | EVGO |
|---|---|---|---|
| 1Y | Growth | -50.86% | -49.15% |
| CAGR | -50.88% | -49.17% | |
| Sharpe ratio | -0.65 | -0.87 | |
| Max drawdown | 66.24% | 66.87% | |
| Max daily drop | 18.90% | 14.66% | |
| Max wkly drop | 32.97% | 21.20% | |
| 5Y | Growth | -98.72% | -83.13% |
| CAGR | -58.15% | -29.95% | |
| Sharpe ratio | -0.74 | -0.06 | |
| Max drawdown | 99.19% | 91.37% | |
| Max daily drop | 35.46% | 25.95% | |
| Max wkly drop | 40.66% | 34.89% | |
| 10Y | Growth | -96.77% | -81.81% |
| CAGR | -39.53% | -26.06% | |
| Sharpe ratio | -0.32 | 0.03 | |
| Max drawdown | 99.51% | 92.48% | |
| Max daily drop | 35.46% | 25.95% | |
| Max wkly drop | 40.66% | 34.89% |
| Category | CHPT | EVGO |
|---|---|---|
| Company | ChargePoint Holdings, Inc. | EVgo Inc. |
| Sector | Industrials | Industrials |
| Industry | N/A | N/A |
| Core business | ChargePoint operates the largest US EV charging network by number of ports, with a software-and-hardware platform approach. ChargePoint sells charging equipment and cloud software subscriptions to commercial property owners, fleet operators, and multifamily housing — the charging station owner pays, not ChargePoint. | EVgo operates a fast-charging network (DC fast chargers) across the US with a network ownership model — EVgo owns and operates its stations. EVgo focuses on public fast charging for retail drivers and has partnerships with GM and dealers. |
| Investor focus | Subscription software and services revenue growth, networked ports growth, fleet charging expansion, and path to profitability as hardware margins improve. | Charging sessions per port, revenue per session, GM partnership and bundled subscription adoption, network expansion cadence, and gross margin improvement from utilization leverage. |
- →Largest US charging network by port count, giving ChargePoint broad geographic coverage and fleet operator distribution
- →Subscription software revenue model is more recurring and higher-margin than charging session revenue
- →Fleet charging is a high-value segment where ChargePoint's software management platform has clear advantages
- →Own-and-operate model gives EVgo direct control over network quality, uptime, and customer experience
- →GM partnership and bundled charging plans provide a direct integration with one of the largest US automakers
- →DC fast charging (DCFC) focus targets the highest-revenue charging segment — drivers pay per session vs AC home charging
- →ChargePoint's hardware revenue is lumpy and margin-constrained — recurring software subscription revenue growth is critical
- →ChargePoint does not own the charging stations — partners own equipment, reducing network control vs Tesla's Supercharger model
- →Cash burn has been significant as ChargePoint scales; path to profitability requires volume leverage on software subscriptions
- →Station utilization rates are still relatively low at many EVgo locations — fixed site costs require more EV adoption to reach breakeven
- →Tesla Supercharger network opened to non-Tesla vehicles, significantly increasing competition in public fast charging
- →Own-and-operate model requires significant capital for each new station vs ChargePoint's partner-funded model
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