
EVgo (EVGO) Stock Forecast & Price Target
EVgo (EVGO) Analyst Ratings
Bulls say
EVgo's network throughput has demonstrated significant growth, with a total of 95.0 GWh, reflecting an 8.0% increase sequentially and a remarkable 25.0% year-over-year rise, positioning the company to expect a 35% revenue increase in 2025. The addition of faster 350 kW chargers has led to a 16% increase in average daily throughput per stall, enhancing overall utilization and supporting the company's objective to be EBITDA positive by the fourth quarter of 2025. Furthermore, with plans to deploy up to 5,000 additional charging stalls annually through 2029 and the anticipated growth of ancillary revenue streams from partnerships, EVgo is well-positioned for continued financial growth and operational efficiency.
Bears say
The analysis indicates a negative outlook for EVgo’s stock due to several fundamental challenges, including a projected stagnation in year-over-year revenues and slowed EV adoption, potentially attributed to a shift in consumer sentiment and regulatory changes. Competitive pressures from an increasing supply of DC Fast Charging stations further exacerbate the situation, leading to a forecasted decline in throughput and reduced installations of EV chargers. Additionally, EVgo's recent revenue of $92.3 million fell short of expectations, highlighting a concerning trend of declining sequential revenues and diminishing growth prospects in conjunction with the evolving market landscape.
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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