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.

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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.

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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 that it will release its second quarter 2023 financial results on Wednesday, August 2, 2023. This release will be followed by a webcast hosted by members of the EVgo management team at 2:00 p.m. PT (5:00 p.m. ET). EVgo Second Quarter 2023 Webcast When: Wednesday, August 2, 2023 Time: 2:00 p.m. PT (5:00 p.m. ET).

EVgo to Report Second Quarter 2023 Results on August 2, 2023

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Shares of EVgo (NASDAQ: EVGO ) stock are trending on Monday, with EVGO stock is up more than 8% as of this writing. At today's high, shares were up about 16%, but bulls remain optimistic this afternoon.

EVGO Stock Pops as EVgo Strikes New Deal in Ohio

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 that the company and its eXtend partners were selected by DriveOhio, a division of the Ohio Department of Transportation, for proposed awards of $13.8M in funding to deploy 20 fast charging stations. Fourteen of the 20 locations are owned by EVgo eXtend partner Pilot Company, and all EVgo and EVgo eXtend stations.

EVgo and Partners Selected by Ohio Department of Transportation for Proposed Awards of $13.8M in NEVI Funding for 20 Fast Charging Stations Along Interstate Corridors

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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 the commissioning of a new station in Carteret, New Jersey that is the latest EVgo site to leverage funding from a utility EV charging incentive program. Utility charging incentive programs, often referred to as “Make-Ready,” are designed to support the development of electric vehicle charging infrastructure by r.

EVgo Crosses $10M Milestone in Utility Incentive Funding Awarded Since 2022

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Why Are EV Charging Stocks CHPT, EVGO, BLNK, WBX Down Today?

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EV charging industry leaders adopt Tesla's NACS connectors, ushering in a pivotal era of fast and convenient charging solutions.

EV Charging Space in for a Paradigm Shift With Tesla's NACS

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 that the company will be adding North American Charging Standard (NACS) connectors to its fast charging network across the country following the recent announcements by Ford and General Motors (GM) that they will be leveraging NACS starting some time in 2025. "EVgo first deployed integrated Tesla connectors in 20.

EVgo Announces Plans to Expand NACS Deployments

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Electric-vehicle-charging stocks are falling again Monday after a dropping Friday. GM adopting Tesla's charging plug has caused all the volatility.

Tesla-GM Pact Slams EV-Charging Stocks for Second Day

The electric vehicle (EV) charging sector has been thrown into a whirlwind following General Motors' GM announcement of plans to embrace Tesla's TSLA charging network. The U.S. legacy automaker's intent to adapt its EVs to make them compatible with Tesla's vast Supercharger network seems to have shaken the dynamics of the EV charging landscape and resulted in significant stock price declines for various EV charging stocks.

GM-TSLA Pact Jolts EV Charging Stocks: An Overblown Reaction?

EVgo shares plummeted following Tesla's announcement for expanded non-Tesla access to its Supercharger network across North America. The downtrend became more prominent after Tesla and GM, a key EVgo partner, inked a partnership that implied making the Supercharger port an industry standard. Not only would the continued expansion of non-Tesla access to the Supercharger network risk derailing EVgo's fundamental prospects, but the development also implies a potential write-off to its technological advantage.

Is EVgo's Success At Risk?

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Ford announced an alliance with Tesla to charge its electric vehicles last month. GM announced a similar alliance last night.

Why Blink Charging, EVgo, and ChargePoint Stocks All Crashed Today

Tesla Inc. has inked another fast-charging deal with a major U.S. automaker, this time with General Motors Co., sending shares of both EVgo Inc. and ChargePoint Holdings Inc. lower. But only one of those two EV-charging companies needs to worry.

Here's why Tesla's latest EV-charging deal is more problematic for EVgo than ChargePoint

Shares of some electric-vehicle charging companies were moving lower in Friday's premarket trading after Tesla Inc. TSLA, +4.58% said it would open its charging network to General Motors Co. GM, -1.02% ChargePoint Holdings Inc. shares CHPT, -1.74% were down more than 3% premarket, while EVgo Inc. shares EVGO, -0.23% were down more than 4%. Blink Charging Co.'s stock BLNK, +0.30% was down 0.5%.

ChargePoint, EVgo stocks fall after Tesla and GM ink charging deal

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EL SEGUNDO, Calif.--(BUSINESS WIRE)--PlugShare, the world's leading electric vehicle (EV) community and a part of the EVgo Inc. (NASDAQ: EVGO) family since mid-2021, celebrates the platform exceeding 6.5 million user check-ins. The PlugShare user base also grew more than 40% in the last year, adding 1 million new users to reach over 3.5 million registered users around the globe. This rapidly growing community of EV drivers provides up-to-date, helpful information on over 750,000 charging statio.

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The transition to electric vehicles is underway, and it will benefit various suppliers, such as electric car makers, software providers, battery producers, EV charging stocks, and lithium miners. Investors can choose to invest directly in electric car stocks or companies that manufacture EV batteries to benefit from this megatrend.

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News for EVgo Stock (EVGO)