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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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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In Tuesday morning trading, the Dow Jones industrials were up 0.30%, the S&P 500 down 0.04% and the Nasdaq down 0.52%.

Earnings Previews: EVgo, Manchester United

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Charging stocks like BLNK, CHPT and EVGO should be on your watchlist as President Biden administration is delivering on its promise to expand the U.S. EV charging network.

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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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Layoffs have been a defining market trend of 2023 and they aren't stopping yet. Yesterday, electric vehicle (EV) charging company EVgo (NASDAQ: EVGO ) announced it will be laying off 40 workers.

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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Shares of ABB are up big, with the company issuing rosy guidance for 2023.

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EVgo Inc. (EVGO) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Strength Seen in EVgo Inc. (EVGO): Can Its 5.4% Jump Turn into More Strength?

Why Rivian, Lucid, and EV Stocks Were on Fire This Week

EVgo Inc. (NYSE: EVGO) operates a growing clean energy network of direct current (DC) fast charging stations. The Company offers both level 2 and level 3 charging stations located throughout the U.S. It competes with charging networks operated by ChargePoint Holdings Inc. (NYSE: CHPT), Blink Charging Co. (NASDAQ: BLNK), and Telsa Inc. (NASDAQ: TSLA) supercharging network.

EVgo Stock is Charged Up to Ride the EV Adoption Wave

Global leaders want millions of electric vehicles on the road by 2030. President Biden, for example, wants 50% of all new autos sold in the U.S. to be electric vehicles by 2030.

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TROY, Mich.--( BUSINESS WIRE )--OWL Services™, a premier sales, installation, program management, compliance, and service partner to industrial, commercial fleet, and electrical vehicle charging and fueling companies, today announced that it is a proud recipient of an award for Deployment Excellence from EVgo in the first-ever class of awardees in the National EV Charging Recognition Program. OWL has been recognized as an ‘EV Charging Hero' for the category of Contractors and Design/Build Partners.

OWL™ Services Receives Award for Deployment Excellence from EVgo as Part of the Connect the Watts™ National EV Charging Recognition Program

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Heavily shorted stocks are gaining momentum at the start of the year. Easing inflationary pressures and signs the economy remains resilient can be bullish for stocks in 2023.

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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 the awardees of its first annual National EV Charging Recognition Program, presented by Connect the Watts™. This recognition program recognizes ‘EV Charging Heroes' across different sectors within the EV charging ecosystem based on an evaluation of their commitment to, and results in, achieving widespread public EV fast charger deployment. The leaders being recognized as EV Charging Heroes will be celebrated at a virtual event for the Connect the Watts™ community on Thursday, January 19 at 11 a.m. PT.

EVgo Announces Awardees of First Annual National EV Charging Recognition Program, Presented by Connect the Watts™

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Shares of electric vehicle charging companies fell ahead of Thursday's open, after Wallbox N.V. WBX, +1.10% said it was cutting about 15% of its workforce to reduce costs.

EV charging stocks fall after Wallbox's job-cut announcement

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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 EVgo ReNew™, an enhanced and comprehensive maintenance program designed to ensure stations across EVgo's charging network meet its quality and technology standards. Through the program, EVgo plans to replace, upgrade, or in some cases retire, hundreds of stations over the coming year with the goals of enhancing charger availability and building range confidence for EV drivers of all types.

EVgo Launches “EVgo ReNew™” to Enhance and Improve Fast Charging Experience Nationwide

News for EVgo Stock (EVGO)