ChargePoint shares rose after the company entered into a partnership with Onvo, a travel plaza brand headquartered in Scranton, Pa., to deploy ultra-fast EV charging stations at travel plazas along major highways across the northeastern U.S.
The stock was 8% higher, at $6.53, in midmorning trading, and is 49% lower in the past 12 months.
The initial planned rollout includes twelve Onvo locations in Pennsylvania and New York, each featuring ChargePoint Express Plus fast charging stations.
The company said the Onvo sites are located near major highways, designed to serve drivers during longer trips. The fast-charging stations are planned to be located at amenities such as food, retail, and other conveniences to enhance the driver's experience.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
July 14, 2026 10:58 ET (14:58 GMT)
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