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.

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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LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO), one of the nation's largest public fast charging networks for electric vehicles (EVs), today announced it has been selected for proposed awards of $6.6 million from the California Energy Commission's (CEC) California Electric Vehicle Infrastructure Project (CALeVIP) 2.0 program.

EVgo Selected by California Energy Commission for Proposed Awards of $6.6 Million to Deploy More Than 100 New DC Fast Charging Stalls Across 17 Locations

Electric vehicles need charging stations, and EVgo is helping to supply them. The company's revenue, in turn, is soaring.

Why EVgo Stock Skyrocketed This Past Week

EVgo Inc. (NASDAQ:EVGO ) Q4 2022 Results Conference Call March 30, 2023 11:00 AM ET Company Participants Heather Davis - VP, IR Cathy Zoi - CEO Olga Shevorenkova - CFO Jonathan Levy - Chief Commercial Officer Conference Call Participants James West - Evercore ISI Gabe Daoud - TD Cowen Maheep Mandloi - Credit Suisse Andres Sheppard - Cantor Fitzgerald David Kelley - Jefferies Alex Vrabel - Bank of America Bill Peterson - JP Morgan Operator Good day, and welcome to the EVgo Fourth Quarter and Full Year 2022 Earnings Call. Today's call is being recorded.

EVgo Inc. (EVGO) Q4 2022 Earnings Call Transcript

If you've been watching the short interest in EVGo (NYSE: EVGO) and wondering when and if a squeeze will happen, it is. The company's q4 results and outlook affirm the business potential and have the stock up 25%.

The Squeeze Is On For EVGo, Rally To Follow

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EVgo surprised analysts with quarterly revenue that grew more than 280% year over year. Its contract with truck stop operator Pilot drove the increase.

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EVgo (NASDAQ: EVGO ) stock is on the rise Thursday following the release of its earnings report for the fourth quarter of 2022! That earnings report starts out positive with earnings per share of -6 cents.

Why Is EVgo (EVGO) Stock Up 25% Today?

The shares of electric vehicle (EV) firm EVgo Inc (NASDAQ:EVGO) are surging this morning, after the company reported fourth-quarter revenue that rose 282.4% year-over-year -- nearly four-fold -- vastly beating expectations.

EVgo Stock Surges on Impressive Revenue

EVgo's revenue surged over 283% from a year ago as a new initiative to provide chargers for businesses boomed.

EVgo shares are surging after fourth-quarter results trounce Wall Street estimates

The electric-vehicle charging company reports fourth-quarter sales of $27.3 million, better than analysts' estimates of $20 million.

EVgo Crushes Sales Estimates and Guidance Is OK. The Stock Is Rising.

Shares of EVgo Inc. EVGO, +3.23% surged 3.5% in premarket trading Thursday, after the electric-vehicle charging infrastructure company reported fourth-quarter revenue that soared nearly 4-fold to beat expectations, while losses narrowed sharply. The net loss for the quarter to Dec. 31 was $4.4 million, or 6 cents a share, after a loss of $12.0 million, or 18 cents a share, in the year-ago period.

EVgo stock surges and revenue grows nearly 4-fold to beat expectations

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (Nasdaq: EVGO) (“EVgo” or the “Company”) today announced results for the fourth quarter and full year ended December 31, 2022. Management will host a conference call today at 11:00 a.m. ET / 8:00 a.m. PT to discuss EVgo's results and other business highlights. Revenue increased to $27.3 million in the fourth quarter of 2022, compared to $7.1 million in the fourth quarter of 2021, representing 283% year-over-year growth.

EVgo Inc. Reports Fourth Quarter and Full Year 2022 Results

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LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO) (EVgo), one of the nation's largest public fast charging networks for electric vehicles (EVs), today announced its latest collaboration in partnership with Warner Bros. Pictures, in conjunction with the release of Shazam! Fury of the Gods, available only in theaters beginning March 17.

EVgo and Warner Bros. Pictures Bring the Power of Shazam!

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), announced today that it will report results for its fourth quarter and full year 2022 on March 30, 2023 and will host a conference call to discuss those results at 8:00 a.m. PT/11:00 a.m. ET on March 30, 2023.

EVgo Inc. to Report Fourth Quarter and Full Year 2022 Results on March 30, 2023

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EVgo Layoffs 2023: What to Know About the Latest EVGO Job Cuts

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 a reorganization to direct resources towards the Company's highest priorities for 2023.

EVgo Inc. Aligns Organization Around Growing Its Charging Network

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LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO), one of the nation's largest public fast charging networks for electric vehicles (EVs), today announced that EVgo Advantage™ is now available at select Cumberland Farms and Wawa locations in Massachusetts, Connecticut, New York, Pennsylvania, Maryland, Virginia and Florida.

EVgo Advantage™ Expands to 22 Locations Providing Instant Offers and Promotions for EV Drivers

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News for EVgo Stock (EVGO)