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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EVgo (NASDAQ: EVGO ), an electric car charging network, jumped 15% after Delta Electronics agreed to support installation of its network. EVgo says the deal will mitigate supply chain risks and let it reach its fast-charging growth targets.

EVGO Stock Revs Up on Delta Electronics Deal

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO) (EVgo), the nation's largest public fast charging network for electric vehicles (EVs), today announced that it has entered into a new supply agreement with Delta Electronics, a global provider of power and energy management solutions and leader in EV charging solutions. Under the agreement, Delta will supply EVgo with 1,000 fast chargers with up to 350kW power output, which supports EVgo's recently announced project with General Motors (GM)

EVgo and Delta Electronics Announce Strategic Collaboration to Advance Nationwide Access to EV Charging

EVgo, Inc. (NASDAQ:EVGO ) Q2 2022 Results Conference Call August 9, 2022 11:00 AM ET Company Participants Ted Brooks - Vice President of Investor Relations Cathy Zoi - Chief Executive Officer Olga Shevorenkova - Chief Financial Officer Conference Call Participants Gabe Daoud - Cowen Andres Sheppard - Cantor Fitzgerald James West - Evercore David Kelley - Jefferies Bill Peterson - JPMorgan Noel Parks - Tuohy Oliver Huang - Tudor, Pickering, Holt Maheep Mandloi - Credit Suisse Craig Irwin - Roth Capital Partners Operator Greetings, and welcome to EVgo Second Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode.

EVgo, Inc. (EVGO) CEO Cathy Zoi on Q2 2022 Results - Earnings Call Transcript

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (Nasdaq: EVGO) (“EVgo” or the “Company”) today announced results for the second quarter of 2022. The Company continues to execute on its growth plans on the back of continued electric vehicle (“EV”) adoption and market development. Revenue increased to $9.1 million in the second quarter of 2022, compared to $4.8 million in the second quarter of 2021, representing 90% year-over-year growth. Growth in revenue for the quarter was primarily driven by higher r

EVgo Inc. Reports Second Quarter 2022 Results

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LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO), the nation's largest public fast charging network for electric vehicles (EVs), and the South Jersey Transportation Authority (SJTA) today announced the opening of the first EVgo public fast charging station at milepost 21.3 on the Atlantic City Expressway. The addition of four new 200 kW fast charging stalls extends EVgo's collaboration with transportation agencies and total station count to 17 EVgo-owned and operated locations across the

EVgo and the South Jersey Transportation Authority Open New Fast Charging Station on the Atlantic City Expressway at the Farley Service Plaza

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EL SEGUNDO, Calif.--(BUSINESS WIRE)--PlugShare, the world's leading EV community and a part of the EVgo Inc. (NASDAQ: EVGO) family since mid-2021, today announced that the platform has surpassed five million check-ins worldwide. Check-ins are how drivers review their charging experience on PlugShare to help inform the EV community. With more than 600,000 charging stations listed on the platform, PlugShare's announcement comes on the heels of its recent user milestone of reaching over two millio

PlugShare Surpasses 5 Million Check-Ins as Number of EV Stations on App Increases 50%

LOS ANGELES--(BUSINESS WIRE)--EVgo Services, LLC (“EVgo”), a first mover in fleet electrification and owner and operator of the nation's largest public fast charging network for electric vehicles, today announced that it will release its second quarter 2022 financial results before market open on Tuesday, August 9th, 2022. This release will be followed by a conference call hosted by members of the EVgo management team at 11:00 AM Eastern Time. Interested investors and other parties may access a

EVgo Announces Timing of Second Quarter 2022 Earnings Results and Conference Call

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PHILADELPHIA--(BUSINESS WIRE)--The City of Philadelphia's Department of Fleet Services today announced a partnership with EVgo Inc. (NASDAQ: EVGO), a leader in fleet electrification and owner and operator of the nation's largest public fast charging network for electric vehicles (EVs). Through the program, municipal vehicles from the City of Philadelphia will access charging on EVgo's 100% renewable-powered network through a discounted fleet charging plan. The City of Philadelphia aims to trans

City of Philadelphia Partners with EVgo to Support Electrification of Municipal Fleet

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General Motors

EVgo Inc (NASDAQ: EVGO) shares are trading higher by 9.59% to $6.98 Thursday afternoon after the company announced the EVgo eXtend project will deploy 2,000 charging stalls at Pilot and Flying J locations across the country in collaboration with General Motors Company (NYSE: GM) and Pilot Company.

Why EVgo Shares Are Rising After Collaboration Update With GM

Partnerships with Pilot Company and EVgo will allow for up to 500 new stations across the US.

GM Announces Plans for National EV Fast Charging Network

EVgo (EVGO) stock is on the move Thursday following news of a deal between General Motors (GM) and Pilot Company. The post EVGO Stock Moves on New Charging Network Plans appeared first on InvestorPlace.

EVGO Stock Moves on New Charging Network Plans

General Motors is teaming up with Pilot Flying J to build a national fast-charge network for EVs. The partnership between GM and Pilot will help accelerate EV sales by filling in gaps along the charging infrastructure.

GM and EVgo to build fast-chargers at Pilot Flying J gas stations

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO) (EVgo), the nation's largest public fast charging network for electric vehicles (EVs), today announced the first major EVgo eXtend project. The EVgo eXtend project will deploy 2,000 charging stalls at Pilot and Flying J locations across the country in collaboration with General Motors (GM) and Pilot Company. EVgo will install, operate, and maintain the network of 350 kW charging stalls for Pilot Company and GM at up to 500 Pilot and Flying

EVgo Announces EVgo eXtend Project to Deploy High Power Fast Charging Access to Drivers Across the US

General Motors Co. GM, +0.60% announced Thursday a collaboration with Pilot Travel Centers LLC to build out a nationwide elective vehicle (EV) fast-charging network of 2,000 charging stalls. The automaker said the network will be installed, operated and maintained by EVgo Inc. EVGO, +0.95%.

GM, EVgo and Pilot collaborate on building out EV fast-charging network

General Motors Co and travel operator Pilot said Thursday they will develop a national network of 2,000 electric vehicle charging stalls at travel centers to make it easier to recharge near highways.

GM, travel operator Pilot to develop EV charging network

GM and EVgo will install EV fast chargers at 500 Pilot and Flying J locations along US highways, enabling coast-to-coast travel.

General Motors will build a network of EV fast chargers at Pilot travel centers along U.S. highways

Powered by EVgo eXtend, this network will help enable long-distance electric travel across the U.S. DETROIT and KNOXVILLE, Tenn. , July 14, 2022 /PRNewswire/ -- To accelerate the widespread adoption of EVs, increase access to charging and help enable long-distance electric travel of people and vehicles across the U.S., GM and Pilot Company (Pilot and Flying J) are collaborating on a national DC fast charging network that will be installed, operated and maintained by EVgo through its eXtend offering.

GM and Pilot Company to Build Out Coast-to-Coast EV Fast Charging Network

Pilot Co. will install 2,000 electric fast chargers at 500 of its U.S. truck stops over the next few years, creating a coast-to-coast network in partnership with General Motors. Startup EVgo (NASDAQ: EVGO) will install, operate and maintain the chargers.

Pilot and GM plan coast-to-coast EV fast-charging network

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