ChargePoint CEO says 50% stock surge 'is the beginning of the momentum'

A ChargePoint electric vehicle charging station in Hudson, New York, US, on Tuesday, Sept. 3, 2024.Angus Mordant | Bloomberg | Getty ImagesChargePoint Holdings CEO Rick Wilmer believes a surge in the electric vehicle charging company's stock Thursday is just "the beginning of the momentum," he told CNBC.Shares of ChargePoint increased more than 50% during early trading after the company significantly beat Wall Street's second-quarter expectations for its 2027 fiscal year and guided toward continued improvements in its performance. It's the most notable increase since it underwent a reverse stock split last year to raise its share price and maintain compliance with the New York Stock Exchange's minimum trading price requirement of $1 per share."The growth is starting to accelerate," Wilmer told CNBC during an interview Thursday morning. "It'll be driven substantially by the new products and technology we're putting into the market."ChargePoint, unlike some EV charging companies, does not actually own and operate its chargers. It provides hardware, software and services to customers, such as businesses, that want to offer chargers to their employees or customers.The company after mar...