CHPT vs EVGO: Which Is the Better Buy in 2026?

Same yardstick, side by side (as of August 2026). Valuation lined up like this is most meaningful for two names in the same corner of the market, which these are. Figures are approximate; verify before investing.

The metrics above tell you which is the marginally better business. The bigger risk for most people is not picking the slightly worse stock, it is over-concentrating. CHPT and EVGO share themes, so owning both, or adding either to what you already hold, can quietly push a large share of your portfolio into one bet.

This is the part a generic comparison page cannot answer, because it depends on what you own. Connect your brokerage and Walnut shows your real, combined CHPT and EVGO exposure, flags overlap with your existing positions, and tells you if adding one would tip you past a concentration you are comfortable with, read-only by default, with your login staying at your broker. Walnut is not an investment adviser.

ChargePoint Holdings, Inc. operates one of the largest EV charging networks, primarily selling charging hardware to businesses, workplaces, fleets, and property owners, and pairing it with recurring software subscriptions that manage and monetize the stations. Unlike operators that own the chargers, ChargePoint largely sells equipment and network services to site hosts, so its revenue mixes one-time hardware sales with growing, higher-margin subscription revenue. It operates across North America and Europe and serves a broad base including commercial, fleet, and residential customers.

Full CHPT guide

EVgo, Inc. operates one of the largest public fast-charging networks for electric vehicles in the United States, running thousands of DC fast-charging stalls concentrated in metropolitan areas. Its revenue comes from several sources: fees drivers pay to charge, revenue from partnerships and fleet customers, and network and services agreements with automakers and other companies. Because fast charging is infrastructure, EVgo spends heavily up front to build and expand stalls, and its economics improve as more drivers use each site, spreading fixed costs across more sessions.

Full EVGO guide

Both fit overlapping themes, but they are not interchangeable. The useful comparison is which set of drivers and risks you want exposure to.

• CHPT drivers: Path to profitability and cost discipline; Recurring subscription revenue.
• EVGO drivers: EV adoption and charging demand; Network expansion and utilization.

A faster-growing, richer-valued name usually swings harder, so it suits a longer horizon and a higher tolerance for volatility; a steadier, more cash-generative business suits a more conservative or income-minded investor. The honest test is which set of risks you could hold through a drawdown: The dominant risk is that ChargePoint is still unprofitable and depends on both cost cuts and a recovery in EV demand to reach breakeven; if EV adoption stays soft, revenue and its path to profitability could disappoint. For EVGO, the dominant risk is that EVgo is not yet profitable and burns cash while building infrastructure, so it depends on financing and on EV adoption accelerating enough to lift utilization and margins.

Growth-minded investors who believe the theme has years to run tend to accept the richer multiple for more upside; value-minded investors lean toward the cheaper forward earnings and steadier profile. Pick CHPT if you believe its drivers more; EVGO if you believe its. Many investors hold both, but since they share themes, that is a concentrated bet, not diversification. Decide deliberately and check overlap. For the full detail, see the CHPT and EVGO guides.

CHPT. Figures are approximate and tied to the asOf date; verify live numbers before acting. Because ChargePoint is unprofitable, a P/E ratio does not apply; investors focus on revenue growth, gross-margin improvement, subscription-revenue mix, cash burn, and the timeline to breakeven. The stock trades largely on the EV-adoption narrative and on evidence that cost cuts are working, which makes it speculative and sensitive to sentiment on electrification. Watch quarterly margins and cash levels as the clearest signals of turnaround progress.

EVGO. Figures are approximate and tied to the asOf date; verify live numbers before acting. Because EVgo is unprofitable, a P/E ratio does not apply; investors focus on revenue growth, charging-network revenue, stall count, utilization, and the path toward positive cash flow. The stock trades largely on the EV-adoption narrative and financing developments rather than current earnings, which makes it speculative and sensitive to sentiment on the broader EV transition. Watch cash burn and the DOE loan drawdown as key markers of financial health.

Headline figures (approximate, Jul 2026): CHPT shows fy2026 revenue Roughly $411 million, down slightly year over year, recent quarterly revenue Around $102 million in Q1 FY2027, up about 4% year over year, subscription revenue Around $41 million recently, up about 7% and higher-margin, gross margin Improved into the low 30s percent as cost cuts took hold; EVGO shows q1 2026 revenue Record of around $110 million, up roughly 45% year over year, charging-network revenue About $56 million in Q1 2026, with continued double-digit growth, profitability Still unprofitable; reported a per-share loss (around negative $0.12 in Q1 2026), network scale Roughly 5,280 charging stalls (up about 25%); throughput around 91 gigawatt-hours.

CHPT and EVGO are related but distinct: same themes, different businesses and risks. Neither wins in the abstract; the right pick is whichever thesis you actually believe, sized so you are not over-concentrated in one theme. Walnut can show your combined CHPT and EVGO exposure against your real portfolio. It is not an investment adviser.