ChargePoint appoints John Saffrett as Managing Director for Europe

ChargePoint has appointed John Saffrett as executive vice president and managing director of Europe. Saffrett, with 25 years of experience, will lead sales, partnerships, and market expansion. He previously served on ChargePoint's Advisory Council and was global deputy CEO of Ayvens. ChargePoint aims to grow its EV charging business in Europe, targeting fleets, businesses, and drivers.

ChargePoint has appointed John Saffrett as EVP and Managing Director for Europe, aiming to accelerate its growth strategy in the region. Saffrett brings extensive experience to the role.

Santa Monica is investing $56 million to install 130 DC fast-charging ports for its Big Blue Bus fleet, aiming for full electrification by 2032. ChargePoint will provide charging hardware and software, while Eaton supplies electrical equipment. This is one of ChargePoint's largest transit deployments.

Stocks of nLIGHT, AAON, AeroVironment, Kratos, and ChargePoint fell due to U.S.-Canada trade tensions and potential tariffs. nLIGHT dropped 7.4%, AAON 3.4%, AeroVironment 6.5%, Kratos 6.5%, and ChargePoint 4.9%. The breakdown in trade talks may impact industrial and manufacturing sectors.

ChargePoint Holdings (CHPT) said it expanded its partnership with Optimus Energy Solutions to add more than 200 EV charging ports, mainly in the eastern and southeastern U.S. ChargePoint will be the exclusive solutions provider using its hardware, cloud software and services. Optimus will own and fund stations. CHPT is down about 30% from mid-June highs, reported about $43M net loss, and has a $6.58 mean 12-month price target.

ChargePoint Holdings (CHPT) shares fell 10.8% in the afternoon after UBS kept a Neutral rating, citing ongoing cash burn and “policy-related headwinds” that could slow EV adoption. UBS raised its price target to $8 from $7, noting improving cost discipline and potential revenue growth after fiscal 2027, but said risks outweigh the upside.