EVgo

EVgo, Inc. engages in the provision of electric vehicle charging station services. It offers the EVgo network, home charging solutions, work charging solutions, and freedom station plans to electric car owners. The company was founded in October 2010 and is headquartered in Los Angeles, CA.

Earnings data Q2 2021

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EVgo reports record revenue in 2022, expands partnerships for growth

EVgo's strong revenue growth in 2022 and deepening partnerships position it well in the evolving EV market. While facing challenges like supply chain disruptions, the company is focused on expanding its charging network and optimizing operational efficiency for future growth.

EVgo reports stellar Q1 earnings, poised for growth in EV market

EVgo's Q1 2023 performance reflects strong revenue growth, operational progress, and strategic partnerships positioning the company for future success.
While facing challenges in network utilization fluctuations and higher CapEx, EVgo's focus on technology and partnerships presents growth opportunities in the expanding EV market.
With a reaffirmed revenue guidance, successful first quarter, and a focus on network expansion and customer experience, EVgo's strategy is showing early signs of success.

EVgo excels in Q2, eyes collaborations for EV market dominance

EVgo's strong Q2 performance and strategic initiatives position the company as a key player in the EV market, driving revenue growth and operational efficiency
Challenges in revenue diversification and profitability require careful navigation, while opportunities in collaboration and technological advancements offer avenues for sustained growth
Increased investments in growth areas and extended liquidity into 2025 demonstrate EVgo's commitment to innovation, market leadership, and long-term sustainability

EVgo reports stellar Q3 results, eyes growth through partnerships

EVgo's Q3 2023 performance showcased exceptional revenue growth and improved EBITDA, with a strong focus on network expansion and customer satisfaction.
The company's strategic partnerships, financial guidance raise, and cost-saving innovations position it well for future growth and operational efficiency.
While facing challenges in CapEx reduction and regulatory advocacy, EVgo's financial strength, market optimization, and customer-centric approach present opportunities for sustained success.
With a clear path to profitability, EVgo's focus on network utilization, financing strategies, and regulatory engagement underpin its resilience and growth prospects.

EVgo achieves record revenue in Q4 2023, targets profitability

EVgo's Q4 2023 performance reflects strong revenue growth, operational efficiency, and a path towards profitability by 2025.
The company's strengths lie in its business model, financial discipline, strategic focus, and transparent asset-level profitability calculations.
Challenges include ongoing negative EBITDA, energy cost uncertainties, competition, and balancing expansion with profitability.
Opportunities exist in margin expansion, NEVI funding, OEM/commercial charging growth, and rideshare customer adoption of EVs.

EVgo doubles revenue, eyes EBITDA breakeven in 2025

EVgo's strong Q1 performance, focus on growth drivers, and strategic initiatives position the company for success.
Challenges in transitioning to Level 3 charging and managing seasonality require careful navigation.
Opportunities from industry shifts, site acquisitions, and identified expansion sites offer avenues for growth.
Maintaining margins, improving pricing strategies, and enhancing customer experience are key focus areas for sustained growth.

EVgo reports record revenues, secures DOE loan for growth

EVgo's Q3 performance reflects strong revenue growth and operational expansion
Strategic strengths include securing DOE loan, partnerships, and CapEx reduction plans
Challenges lie in achieving profitability and navigating competitive EV market dynamics
Opportunities exist in leveraging federal funding, partnerships, and expanding customer base

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EVgo (EVGO 1.87%), a leading builder of EV charging networks, went public in July 2021 by merging with a special purpose acquisition company (SPAC). The combined company's stock opened at $15.05 on its first day, but it now trades at about $4.

EVgo Stock: Buy, Sell, or Hold?

Shares of electric vehicle (EV) charging company EVgo (EVGO -4.04%) fell as much as 30.4% in trading this week, according to data provided by S&P Global Market Intelligence, after an insider sold 23 million shares for $5 apiece.

Why EVgo Stock Plunged This Week

EVGo (EVGO -29.51%) stock tumbled 27% through 10:05 a.m. ET Tuesday after the operator of charging stations for electric vehicles announced last night that EVgo Holdings, LLC, will sell at least 23 million new shares of common stock (and perhaps as many as 26.5 million) in a secondary offering.

Why EVgo Stock Crashed 27% Today

Shares of EVgo (EVGO) shorted out when the electric vehicle (EV) charging station operator announced a secondary public offering of its stock by its largest investor.

EVgo Stock Plummets as Biggest Investor Sells 23M Shares

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U.S. stock futures were lower this morning, with the Dow futures falling around 150 points on Tuesday.

Mama's Creations Posts Weak Earnings, Joins EVgo, Red Cat Holdings And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”) announced today the pricing of the previously announced underwritten public secondary offering by EVgo Holdings, LLC, an affiliate of LS Power Equity Partners IV, L.P. (“LS Power”), of 23,000,000 shares of Class A common stock, par value $0.0001 per share (the “Class A Shares”), of the Company, at a public offering price of $5.00 per share. LS Power has granted the underwriters a 30-day option to purchase up to an.

EVgo Inc. Announces Pricing of Secondary Offering of Class A Common Stock

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”) announced today that EVgo Holdings, LLC, an affiliate of LS Power Equity Partners IV, L.P. (“LS Power”), intends to offer for sale in an underwritten public secondary offering 23,000,000 shares of Class A common stock, par value $0.0001 per share (the “Class A Shares”) of the Company. LS Power expects to grant the underwriters a 30-day option to purchase up to an additional 3,450,000 Class A Shares at the public of.

EVgo Inc. Announces Secondary Offering of Class A Common Stock

EVgo's path to EBITDA breakeven by late 2025 is significantly strengthened by approval of the $1.25 DoE loan with favorable terms. The company faces significant cash burn but has seen revenue grow 10x since 2021, supported by rising EV adoption and ride-share electrification. EVgo's future profitability hinges on increasing throughput and utilization, with a fair valuation at $7 today and potential long-term value at $29 by 2035.

Buy EVgo On Approved DoE Loan Unlocking New Revenue Growth

EVgo (EVGO) shares went on a roller coaster ride Friday after the electric vehicle charging station maker received $1.25 billion in loan guarantees from the federal government to build more chargers.

EVgo Investors Get 'Holiday Gift' As Company Closes $1.25 Billion DOE Loan

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OVERLAND PARK, KS / ACCESSWIRE / December 13, 2024 / Tortoise Capital today announced upcoming additions and deletions to its indices as part of its regular quarterly rebalancing for the fourth quarter of 2024. Following the close of trading on Friday, Dec. 20, 2024, the indices will be rebalanced according to their stated methodologies and as a result, the following changes will become effective.

Tortoise Capital Announces Index Updates for Fourth Quarter 2024

Evgo Inc (NASDAQ: EVGO) is up 10% in premarket on Friday after securing a $1.25 billion guaranteed loan facility from the US Department of Energy (DOE). Evgo will use this loan to set up another 7,500 fast-charging stalls across the United States.

What made Evgo stock pop 10% on Friday?

EVGO finalizes a $1.25 billion guaranteed loan from the U.S. Department of Energy to support the construction of 7,500 new fast-charging stalls across the country.

EVgo Secures $1.25B Loan to Build Fast-Charging Stalls Across US

EVgo stock jumped near a buy point after finalizing a Department of Energy loan that will finance construction of 7,500 EV charging stalls. The post EVgo Gets DOE Loan To Triple Network Without Issuing Shares; Stock Eyes Buy Point appeared first on Investor's Business Daily.

EVgo Gets DOE Loan To Triple Network Without Issuing Shares; Stock Eyes Buy Point

EVgo Inc EVGO electrified investors by securing a $1.25 billion Department of Energy (DOE) loan guarantee.

EVgo: $1.25B 'Holiday Gift' Propels It To JPMorgan's Top Pick List

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”) today announced the closing of its $1.25 billion guaranteed loan facility from the U.S. Department of Energy (“DOE”) Loan Programs Office (“LPO”) under its Title 17 Clean Energy Financing Program to support EVgo's forthcoming efforts to build convenient, reliable public charging infrastructure for electric vehicles (EVs) with the construction of 7,500 new fast charging stalls nationwide. This buildout will bring EV.

EVgo Closes $1.25 Billion Guaranteed Loan Facility from U.S. Department of Energy

EVgo stock price has bounced back this year, helped by its balance sheet improvement and its growing business. It has soared by about 300% from its lowest level in May, and was trading at $6.60.

Here's why EVgo stock price could surge by 92% in 2025

ChargePoint Holdings

EV charging stocks hit the brakes in November, down 21% over the past month, trailing both broader market indices and the EV sector average.

EVgo Surges With $1 Billion Boost As ChargePoint Stumbles In Tough Market

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the nation's largest providers of public fast charging infrastructure for electric vehicles (EVs), and General Motors (GM) have surpassed 2,000 public fast charging stalls opened through their ongoing metropolitan charging collaboration. To date, EVgo and GM have built fast charging stalls in more than 390 locations in 45 metropolitan markets across 32 states as part of a longstanding collaboration to broad.

EVgo and GM Surpass 2,000 Public Fast Charging Stalls in the U.S.

Initiating coverage on EVgo with a “Buy” rating, citing strong Q3 2024 results and potential for growth in the EV charging sector. EVgo reported a 92% year-on-year revenue growth and significant margin expansion, with a positive outlook for operating cash flows and capital investment. The impending DOE loan approval and achieving EBITDA breakeven in 2025 are key catalysts for EVGO's stock price appreciation.

EVgo: Q3 Results Likely To Support Reversal Rally

Plug Power

As sustainable investing faces mixed signals heading into 2025, select stocks are well-positioned to benefit from ESG catalysts.

Plug Power, EVgo Among JPMorgan's Top Sustainable Picks For 2025

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The end of the year, a typically bullish period for the S&P 500 Index (SPX), is quickly approaching.

3 EV Stocks Making Outsized Moves

The electric vehicle charging stock could skyrocket if this happens.

Why EVgo Stock Surged Over 25% This Week and Could Rally Even Higher

The looming threat of the removal of the clean energy tax credit has rattled some, but JPMorgan analyst Bill Peterson says EVgo Inc. EVGO is set up for success.

EVgo Powers On Despite Trump Shake-Up: Analyst Projects 16% US Battery EV Penetration By 2030

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the nation's largest public fast charging networks for electric vehicles (EVs), today announced an expansion to its longstanding partnership with Meijer, a Midwest grocery retailer, to bring more public fast charging infrastructure to Meijer store locations throughout its six-state footprint. As part of this expanded relationship, EVgo plans to deploy up to 480 new public fast charging stalls at Meijer prop.

EVgo and Meijer Expand Partnership to Install up to 480 New Fast Charging Stalls at Meijer Locations Across Midwest

Lucid Group

Why Electric Vehicle Stocks Were on Fire on Monday

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