
EVgo (EVGO) Stock Forecast & Price Target
EVgo (EVGO) Analyst Ratings
Bulls say
EVgo is one of the leading EV fast charging providers in the U.S. and has a strong business model of partnering with various companies for charging infrastructure deployment. With its diverse network and high utilization rates, the company is poised for growth and has shown strong financial performance with a Q2 2021 Network Throughput of 99 GWh and ~20% Average Charger Utilization Rate. Furthermore, EVgo's focus on sustainability and renewable energy aligns with the growing trend towards reducing GHG emissions, making it a favorable investment for long-term growth potential.
Bears say
EVgo is facing several challenges that contribute to the negative outlook on the stock. The company has revised its guidance for FY26, indicating slower EV deployments and a lower expected Adj. EBITDA, as well as a decrease in its total new stalls. While it derives revenue from various sources, its core business of owning and operating a public charging network is underperforming, and its partnership with Tesla to deploy EVgo-branded Superchargers may not be enough to significantly improve its financials. Further risks include intense competition in the market, reliance on government incentives, and potential liquidity and dilution concerns.
This aggregate rating is based on analysts' research of EVgo and is not a guaranteed prediction by Public.com or investment advice.
EVgo (EVGO) Analyst Forecast & Price Prediction
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