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

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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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Some EV drivers will soon be able to ask Alexa to help them find nearby charging stations.

Amazon, EVgo Team Up to Help EV Drivers Find Charging Stations

E-commerce giant Amazon hopes a new partnership with EVgo , powered by its Alexa voice assistant, will help smooth the electric vehicle charging experience for owners.

Alexa, help! Amazon partners with EVgo to ease EV charging pain

LOS ANGELES--( BUSINESS WIRE )--EVgo Inc. (NASDAQ: EVGO), one of the nation's largest public fast charging networks for electric vehicles (EVs), today announced a partnership with Amazon to support an Alexa-enabled EV charging experience. This collaboration will allow drivers to ask Alexa to help them find and navigate to nearby EV charging stations, as well as initiate and pay for charging sessions at EVgo stations seamlessly. The companies plan to roll out the in-vehicle functionality to Alexa-enabled vehicles as well as automotive accessories like Echo Auto later this year.

EVgo and Amazon Partner to Enable EV Drivers to Locate and Pay for Charging with Alexa

Amazon is betting that Alexa, its voice-activated virtual assistant, can help ease one of electric vehicle drivers' biggest worries: finding a charging station while on the road.

Amazon's Alexa will soon help EV drivers find a charger

Blink Charging

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Lion Electric

After a lackluster performance this year, shares of several publicly traded electric vehicle firms decided to end an embattled 2022 on a high note. Specifically, Arcimoto (NASDAQ: FUV ), Blink Charging (NASDAQ: BLNK ), EVgo (NASDAQ: EVGO ) and Lion Electric (NYSE: LEV ) saw significant gains on Friday.

Why Are EV Stocks FUV, BLNK, EVGO, LEV Up Today?

EVgo launched a $200 ATM program to raise additional funds in the future. The EV charging station model remains problematic with low margins and corporations that don't focus on strand financial metrics.

EVgo: Still On The Bleeding Edge

There will be an increasing need for EV charging networks. EVGO has proprietary technology architecture to meet increasing charging requirements.

EVgo: I Expect The Demand For EV Charging Infrastructure To Rise With EV Adoption

Lyft

One of the core advantages of owning an electric vehicle over a gas-powered one is that, despite the higher upfront cost, charging and maintaining it is typically significantly less expensive.  For Lyft (NASDAQ: LYFT) drivers, it just got even cheaper when the company on Tuesday, announced a new discounted charging program with EVgo Inc. (NASDAQ: EVGO), which operates one of the nation's largest networks of fast-charging stations for EVs.

Lyft drivers to receive discounted charging with EVgo

EVgo operates about 850 direct-current, fast-charging locations that serve more than 60 metropolitan areas across 30-plus U.S. states.

Lyft Gives Drivers Another Reason to Go Electric, With EVgo Charging Discount

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 launch of a new EV charging discount program for rideshare drivers on the Lyft platform. This expansion of EVgo and Lyft's collaboration demonstrates the companies' shared commitment to achieving mass EV adoption and increases access to convenient fast charging infrastructure for rideshare drivers.

EVgo and Lyft Launch New Partnership to Accelerate Rideshare Electrification Nationwide

LOS ANGELES--( BUSINESS WIRE )--EVgo Inc. (NASDAQ: EVGO), one of the nation's largest public fast charging networks for electric vehicles (EVs), announced the opening of a new EVgo public fast charging station at Marina Square Shopping Center in San Leandro, California. Located at 1201 Marina Boulevard, the charging station serves up to four vehicles simultaneously through 100kW and 350kW chargers. The new EVgo charging station was unveiled during a ribbon cutting ceremony Monday, November 21 at 2 p.m. PT and featured a lineup of local speakers from the private and public sectors coming together to celebrate the expansion of fast charging access in the area.

EVgo Opens New Fast Charging Station in East Bay to Support Local EV Adoption

EVGO ended the quarter with a growing top line, which comes from its increasing DC stall count and customer base. The company also has new commercial partnerships, contributing to its expanding development pipeline.

EVgo: Keeping Its Fast-Charging Stalls And Customer Base Growing

LOS ANGELES--( BUSINESS WIRE )--EVgo Inc. (NASDAQ: EVGO) (EVgo), one of the nation's largest public fast charging networks for electric vehicles (EVs), announced a commercial agreement with Subaru of America, Inc. to provide drivers of the 2023 Solterra EV SUV with the option to receive a $400 charging credit on the EVgo public fast charging network. This announcement follows the company's previous news of becoming Subaru's preferred EV charging partner in the beginning of 2022.

EVgo and Subaru Announce $400 Charging Credit for 2023 Solterra Customers

BLOOMFIELD, N.J.--( BUSINESS WIRE )--The newly renovated Brookdale ShopRite today hosted a ribbon cutting ceremony to debut an EVgo Inc. (NASDAQ: EVGO) (EVgo) electric vehicle (EV) fast charging station at its 1409 Broad Street parking lot in Bloomfield, NJ.

Brookdale ShopRite and EVgo Unveil New Fast Charging Station

LOS ANGELES--( BUSINESS WIRE )--EVgo Inc. (NASDAQ: EVGO) (EVgo), one of the nation's largest public fast charging networks for electric vehicles (EVs), today unveiled a new promotional charging plan exclusively for Tesla Model S, 3, X and Y drivers and announced that Autocharge+ is available for Tesla drivers with the CCS Combo 1 Adapter at nearly all EVgo DC fast charging locations.

EVgo Announces New Promotional Offer for Tesla Drivers, Enables Seamless Charging Experience with EVgo Autocharge+

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EVgo, Inc. (NASDAQ:EVGO ) Q3 2022 Earnings Conference Call November 2, 2022 5:00 PM ET Company Participants Heather Davis - Vice President of Investor Relations Cathy Zoi - Chief Executive Officer Olga Shevorenkova - Chief Financial Officer Conference Call Participants Gabriel Daoud - Cowen Gavin Kennedy - Jefferies Jon Lopez - Vertical Group Stan Shpetner - Pickering Energy Partners Operator Good day and welcome to EVgo's Third Quarter Earnings Results Call. All lines have been placed on mute to prevent any background noise.

EVgo, Inc. (EVGO) Q3 2022 Earnings Call Transcript

EVgo Inc. (EVGO) delivered earnings and revenue surprises of -18.75% and 22.45%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

EVgo Inc. (EVGO) Reports Q3 Loss, Lags Revenue Estimates

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (Nasdaq: EVGO) (“EVgo” or the “Company”) today announced results for the third quarter of 2022.

EVgo Inc. Reports Third Quarter 2022 Results

EVgo's common shares have been faltering year-to-date as the risk-off trade continued into its second year. The company's TAM is fast growing and is set to accelerate on the back of the Inflation Reduction Act.

EVgo: Charging The EV Surge

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO) (EVgo), a leader in fleet electrification and owner and operator of the nation's largest public fast charging network for electric vehicles (EVs), today announced a partnership with MHX, LLC, a full-service logistics operator in California, providing a unique transload and transportation service which partners in moving product via truck, rail, or ocean vessel, to support MHX's first-ever fleet electrification project.

EVgo and MHX, LLC Partner to Power Class 8 Electric Truck Fleet

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO), the nation's largest public fast charging network for electric vehicles (EVs), today announced that more than 500,000 customer accounts have been created on its platform, a significant milestone for the rapidly growing EV community in the United States.

EVgo Celebrates 500,000 Customer Account Milestone by Partnering with One Tree Planted

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO), the nation's largest public fast charging network for electric vehicles (EVs), today announced the hiring of Tanvi Chaturvedi as Chief Revenue Officer (CRO).

EVgo Hires Consumer Technology Executive Tanvi Chaturvedi as Chief Revenue Officer

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (“EVgo”), the nation's largest public fast charging network for electric vehicles (EVs), today announced that it will release its third quarter 2022 financial results after market close on Wednesday, November 2, 2022.

News for EVgo Stock (EVGO)