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ChargePoint 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 soared more than 70% Thursday 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.