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

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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 hopes to have 3,000 charging stalls by the end of the year, as it waits for the American electric car market to develop. The post EVGo Stock Should Remain in a Holding Pattern, For at Least the Next Two Years appeared first on InvestorPlace.

EVGo Stock Should Remain in a Holding Pattern, For at Least the Next Two Years

EVgo Inc. (EVGO) CEO Cathy Zoi on Q4 2021 Results - Earnings Call Transcript

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO), a first mover in fleet electrification and owner and operator of first electric vehicle (EV) network powered by 100% renewable electricity, today announced that the company was selected for proposed awards for two California Energy Commission (CEC) Charging Access for Reliable On-Demand Transportation Services (CARTS) grants to directly support its partnership with Uber. Using the proposed award funds of over $3.6M, EVgo will develop twin

EVgo Selected by California Energy Commission for Two Regional Project Proposed Awards to Support CA Rideshare Electrification

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (Nasdaq: EVGO) (“EVgo” or the “Company”) today announced results for the fourth quarter and full-year 2021 ending December 31, 2021. The Company generated continued growth in revenue, network throughput and customer accounts. EV adoption has accelerated with approximately 142,000 EVs sold in the U.S. during the fourth quarter of 2021 and 475,000 in full year 2021, illustrating the continued expansion of the EV sector and bringing more drivers onto the EVg

EVgo Inc. Reports Fourth Quarter and Full-Year 2021 Results

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The Zacks Consensus Estimate for EVgo's (EVGO) Q4 bottom and top lines is pegged at a loss of 6 cents per share and $5.90 million, respectively.

Key Factors Influencing EVGO's Fate This Earnings Season

While the crowd may be starting to catch on, it's still early enough to buy EVGO stock, which is well ahead of having its breakout moment. The post EVgo Stock Is All Charged Up and Ready to Go appeared first on InvestorPlace.

EVgo Stock Is All Charged Up and Ready to Go

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Try a pure play on the rapidly expanding fast-charging network for electric vehicles with still-affordable EVGO stock. The post Toyota Collab Will Give EVgo Stock a Much-Needed Charge appeared first on InvestorPlace.

Toyota Collab Will Give EVgo Stock a Much-Needed Charge

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO), the nation's largest public fast charging network for electric vehicles (EVs) and first powered by 100% renewable electricity, today announced an expansion to their EVgo Advantage™ program in partnership with The Save Mart Companies, California's largest regional, family-owned grocer operating in more than 200 stores throughout California and Northern Nevada. The EVgo Advantage platform enables drivers to use promotions delivered from EVgo

EVgo and The Save Mart Companies Expand EVgo AdvantageTM Program Partnership, Introduce Promotions at Seven Additional Stores

LOS ANGELES--(BUSINESS WIRE)--EVgo, Inc. (“EVgo”), the nation's largest public fast charging network for electric vehicles (EVs) and first powered by 100% renewable electricity, today announced that it will release its fourth quarter and full-year 2021 financial results before market open on Wednesday, March 23rd, 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 li

EVgo Announces Timing of Fourth Quarter and Full-Year 2021 Earnings Results Conference Call

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc, the nation's largest public fast charging network for electric vehicles (EVs) and Wawa Inc., a regional convenience store retailer, yesterday announced the opening of the first live EVgo public fast charging station at a Wawa store in Pennsylvania. The new charging station, located at 3901 Aramingo Ave in Philadelphia, Pennsylvania, powers four charging stalls through two 100 kW fast chargers and one 350 kWh fast charger, capable of simultaneous charging.

EVgo Energizes New Station at Wawa in Philadelphia Bringing Evgo Chargers to 6 Stores Across the Convenience Retailer's Chain

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EVGO stock has performed very well year-to-date compared to the broader stock market, but whether that can continue remains to be seen. The post Fast-Charging EVgo Is a Good Business Waiting to Become Profitable appeared first on InvestorPlace.

Fast-Charging EVgo Is a Good Business Waiting to Become Profitable

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EVgo Inc. (EVGO) closed the most recent trading day at $10.54, moving +1.44% from the previous trading session.

EVgo Inc. (EVGO) Gains As Market Dips: What You Should Know

HOUSTON, March 3, 2022 /PRNewswire/ -- Rhythm Energy, the Texas-based renewable energy provider, announced today the launch of its new Simply Drive energy plan in partnership with EVgo (Nasdaq:EVGO), the nation's largest public fast charging network for electric vehicles (EVs). Texans who sign up for Rhythm's Simply Drive plan support renewable energy production through their home energy choice and with $100 in charging credit for on-the-go charging on EVgo's network powered by 100% renewable electricity.

Rhythm Energy Launches New Electric Vehicle Energy Plan in Partnership with EVgo

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LOS ANGELES--(BUSINESS WIRE)--EVgo today announced the opening of a new public fast charging site at King Plaza in Seattle, Washington.

EVgo Continues Network Expansion and Push for “Electric for All” in EV Charging with New Fast Charging Station in Seattle

LOS ANGELES--(BUSINESS WIRE)--EVgo announced an agreement with Toyota to provide drivers of the new Toyota bZ4X battery electric SUV with complimentary charging for one year.

EVgo and Toyota Announce New Agreement to Provide Fast Charging for bZ4X Customers

PLANO, Texas, Feb. 24, 2022 /PRNewswire/ -- When the 2023 Toyota bZ4X battery electric SUV arrives at dealers later this year, it will come with more than just stylish looks and emissions-free utility. The all-new EV will also mark the start of a collaboration between Toyota Motor North America, Inc. (Toyota) and EVgo to provide new bZ4X customers with on-the-go access to DC fast charging stations.

Toyota to Provide bZ4X Customers with DC Fast Charger Access Through EVgo

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO), the nation's largest public fast charging network for electric vehicles (EVs) and the only U.S. public charging network powered by 100% renewable electricity, today released a new guide featuring best practices gleaned from over a decade of operating experience designed to help state Departments of Transportation (DOTs) and their partners with administering funds from the recently announced $5 billion National Electric Vehicle Infrastructu

EVgo Releases Best Practices Document for EV Charging Infrastructure Public Funding Ahead of Federal Funds Being Released to State Departments of Transportation (DOTs)

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Fast-charging stations will be part of the EV revolution, and EVGO stock offers low-priced exposure to this high-potential niche market. The post EVgo Stock Could Have the Long-Term Juice to Boost Your Portfolio appeared first on InvestorPlace.

EVgo Stock Could Have the Long-Term Juice to Boost Your Portfolio

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