The latest forecast for ChargePoint stock prices in 2040 and 2050

ChargePoint, one of the leading companies in the electric vehicle (EV) charging industry, has experienced a turbulent journey since going public in 2021. The fluctuations in ChargePoint’s stock price reflect broader trends in the EV industry and overall market sentiment. In this article, we will forecast ChargePoint’s stock price for 2040 and 2050 based on three different scenarios.

1. ChargePoint stock price history

Founded in 2007, ChargePoint has been a pioneer in the EV charging sector. However, the company only officially entered the stock market recently, through a merger with a special purpose acquisition company (SPAC) called Switchback Energy Acquisition Corporation in March 2021. This deal attracted significant investor attention as it valued ChargePoint at $2.4 billion, making it one of the most notable SPAC mergers at the time.

ChargePoint’s stock (ticker symbol: CHPT) began trading on the NYSE on March 1, 2021, at an initial price of $31.50 per share. Initially, the stock experienced strong growth, reaching an all-time high of $49.48 within just two weeks of its listing. Investor enthusiasm for the potential of the EV charging industry fueled this rapid surge.

However, market sentiment quickly shifted. Throughout 2021, ChargePoint’s stock price steadily declined, closing the year at around $18 per share. The downward trend continued into 2022, with ChargePoint’s stock plummeting by more than 95% from its peak, trading at approximately $1.30 per share. As of now, the company’s market capitalization has dropped to just $564 million.

2. ChargePoint stock price prediction for 2040

Looking ahead, the key question is: what will ChargePoint’s stock price be in 2040? To make a projection, we have developed three different scenarios based on various growth assumptions. You can also use our future return calculator to explore potential profitability based on your initial investment.

• Scenario 1: modest growth (5% per year)

Assuming ChargePoint’s stock grows at an annual rate of 5% over the next 16 years, its price could reach $2.84 by 2040.

• Scenario 2: growth in line with the S&P 500 (11.8% per year)

If ChargePoint’s stock follows the historical growth rate of the S&P 500 (approximately 11.8% per year), its price could rise to $7.74 by the end of 2040. This trajectory aligns with the long-term performance of major stock market indices.

• Scenario 3: high growth similar to NASDAQ-100 (17.5% per year)

Under this scenario, ChargePoint’s stock grows at an average annual rate of 17.5%, similar to stocks in the NASDAQ-100 index. If this happens, ChargePoint’s stock price could reach $17.16 by 2040.

3. ChargePoint stock forecast for 2050

Looking further into the future, the next question is: what will ChargePoint’s stock price be in 2050? To make this projection, we continue using three scenarios as before, but this time, we extend the timeframe to 26 years.

In the first scenario, if ChargePoint’s stock grows at a rate of 5% per year, its price could reach $4.62 by 2050. This growth rate reflects a stable and conservative trajectory.

If ChargePoint’s stock follows the historical growth of the S&P 500 (approximately 11.8% per year), its price could reach $23.63 by 2050. This scenario represents strong long-term growth and aligns with the overall stability of the stock market.

If ChargePoint’s stock mirrors the historical growth of the NASDAQ-100 (approximately 17.5% per year), its price could soar to $86.09 by 2050. This scenario highlights the company’s high-growth potential, especially if ChargePoint continues to innovate and lead in the EV charging industry.

While predicting ChargePoint’s stock price with absolute accuracy is impossible, these scenarios provide a clearer picture of the company’s long-term growth potential. Monitoring market trends and key influencing factors will be crucial for making well-informed investment decisions.