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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Earnings data Q1 2024

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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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Electric Vehicle (EV) stocks have largely diverged this year, with Blink Charging (BLNK) and ChargePoint (CHPT) falling by over 46% and 20.5% this year while EVGo (EVGO) has risen by more than 25%.

Here's why EVGo stock is beating Blink Charging and ChargePoint

EVgo's Q2 results show rapid growth, with charging network revenue up 146% YOY and overall sales up 32% YOY. The firm's charging network margin increased to 34.2%, indicating growing profitability and a positive trajectory towards adjusted EBITDA turning breakeven in 2025. Rising demand from rideshare and autonomous vehicle sectors, along with the deployment of NACS connectors, are key growth catalysts for EVgo.

Rapidly Growing EVgo Is A Strong Buy

EVgo shows impressive revenue growth and network expansion, but profitability remains elusive. The company faces challenges in charging infrastructure costs and stiff competition from established players like Tesla and ChargePoint. The EV charging market's growth is tied to overall EV adoption, which is currently experiencing a slowdown. EVgo's future success depends on overcoming infrastructure installation costs and navigating economic uncertainties. Despite strong sales, EVgo's valuation remains high compared to peers. With a target price of $4.2-$4.4 per share, reflecting current levels, the stock is rated as a Hold pending future.

EVgo: Struggles To Revitalize Its Profitability Despite Growing Charging Infrastructure Revenue

EVgo is recommended as a buy rating for investors looking to benefit from the long-term growth of electric vehicles without choosing a specific OEM. EVGO operates a DCFC network across the US, with strong revenue performance and growth potential, driven by structural share gains and ridesharing services. Management's revenue target of $640 million in 3 to 5 years seems achievable, with a potential upside of 17% based on conservative valuation assumptions.

EVgo: Attractive Way To Invest In The EV Industry

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EVgo is posting strong growth and recruiting high-end talent. QuantumScape's solid-state batteries could be game changing.

Prediction: These Could Be the Best-Performing EV Stocks Through 2030

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 several significant network enhancements through EVgo ReNew™, the Company's comprehensive program created to elevate the customer experience. In addition to network advances, EVgo has debuted the Canary Model™, a powerful performance monitoring tool designed to automatically identify and analyze patterns and supp.

EVgo Announces Major Network Enhancements Across Nationwide Fast Charging Network

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It has been a catastrophic period for Electric Vehicle (EV) charging stocks. For one, the Global X Autonomous & Electric Vehicles ETF (NASDAQ: DRIV ) and the Global X Lithium & Battery Tech ETF (NYSEARCA: LIT ) have both shed asymmetrical value in the past month, showing the systematic headwinds baked into the EV market.

3 EV Charging Stocks to Buy on the Dip: August 2024

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The electric vehicle industry is experiencing challenging times. Macroeconomic headwinds have impacted growth, and intense competition has translated into margin compression.

3 EV Charging Stocks to Buy Before EBITDA Breakeven Is Achieved

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3 Earnings Season Winners to Buy on Strength: Q2 Edition

This has not been a great year for the electric vehicle industry. But despite a slowdown in the global electric vehicle industry in 2024, S&P Global expects the general trend to progress upwards.

Q3's Rising Stars: 3 EV Charging Stocks for Your Must-Watch List

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For many years, the electric vehicle (EV) industry, including EV charging stocks, has been plagued by two main adoption obstacles. Those include cars looking awkward and high upfront cost.

The Top 3 EV Charging Stocks to Buy Now: Summer 2024

EVgo, Inc. (NASDAQ:EVGO ) Q2 2024 Earnings Conference Call August 1, 2024 11:00 AM ET Company Participants Heather Davis - VP, IR Badar Khan - CEO Stephanie Lee - CFO Conference Call Participants Chris Dendrinos - RBC Capital Markets Bill Peterson - JPMorgan Craig Irwin - Roth Capital Partners William Griffin - UBS Chris Pierce - Needham & Company Andres Sheppard - Cantor Fitzgerald Operator Thank you for standing by and welcome to the EVgo Second Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise.

EVgo, Inc. (EVGO) Q2 2024 Earnings Call Transcript

EVgo Inc. (EVGO) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.08 per share a year ago.

EVgo Inc. (EVGO) Reports Q2 Loss, Tops Revenue Estimates

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (Nasdaq: EVGO) (“EVgo” or the “Company”) today announced results for the second quarter ended June 30, 2024. Management will host a conference call today at 11 am ET / 8 am PT to discuss EVgo's results and other business highlights. Revenue reached $66.6 million in the second quarter of 2024, compared to $50.6 million in the second quarter of 2023, representing 32% year-over-year growth. Revenue growth was driven by year-over-year increases in charging ne.

EVgo Inc. Reports Record Second Quarter 2024 Results

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With more people buying electric vehicles, there's been substantial demand for accessible EV charging stations. While we aren't near the 500,000 EV charging stations the Biden Administration wants installed, we are seeing investments from public and private institutions.

3 EV Charging Stocks That Could Make Your Summer Unforgettable

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MONTREAL--(BUSINESS WIRE)--As uncertainty and disruptions continue to impact Canadian travellers, Flygreen, a Montreal-based private aviation charter company, offers reliable and seamless performance. Recent industry reports and expert insights underline the challenges facing travellers today, making Flygreen's commitment to passengers' journeys and overall satisfaction more pertinent than ever. According to a recent report commissioned by AirHelp, a German claims management company that looks.

Travel Confidently with Flygreen Amid Industry Challenges

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 it has expanded its leadership team with a strong bench of experienced talent from Tesla and General Motors. Former Tesla charging team leaders Martin Sukup and Jeff Inhofer joined EVgo earlier this month, with Sukup taking on the role of Executive Vice President of Engineering and Inhofer serving as the Vice Pre.

EVgo Expands Leadership Team with Seasoned Industry Talent

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 that it will release its second quarter 2024 financial results on Thursday, August 1, 2024. This release will be followed by a webcast hosted by members of the EVgo management team at 8 a.m. PT (11 a.m. ET). EVgo Second Quarter 2024 Webcast When: Thursday, August 1, 2024 Time: 8 a.m. PT (11 a.m. ET) Live Webcast.

EVgo to Report Second Quarter 2024 Results on August 1, 2024

The many pundits who prognosticated that electric vehicle sales would tumble in the U.S. alongside EV charging stocks, appear to have been, in line with my previous predictions, very much mistaken. That's because, last quarter, the number of EV sales jumped 11.3% versus the same period a year earlier to a record total of 330,463, according to Cox Automotive, which cited data from Kelley Blue Book.

3 EV Charging Stocks to Buy on the Dip: July 2024

EVgo, a provider of direct current fast charging for electric vehicles, has earned a ‘Neutral' rating and a $4 price target from UBS analysts in their initial coverage of the stock. Shares of EVgo traded hands at $3.65 in the early afternoon on Tuesday.

EVgo to benefit from electrification trends but lacks near-term catalysts: analysts

There are a few reasons I'm bullish on EV charging stocks for growing one's wealth this year and the future. One big reason is that EV charging stocks are releasing technologies to make their processes more efficient.

3 EV Charging Stocks That Could Grow Your Wealth

If electric vehicles are the future, we desperately need more charging stations, I said in June. “As we wait for that to happen, now may be the time to buy some of the best EV charging stocks,” I added.

3 EV Charging Stocks to Buy Now: Q3 Edition

The underdog charging stock has more than doubled since late April. Its latest gain came as analysts at Benchmark raised their target for the price.

EV Charging Stock EVgo Is Surging. Why Investors Are Pumped.

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If electric vehicles are the future, we desperately need more charging stations. As we wait for this to happen, now may be the time to buy some of the best EV charging stocks.

News for EVgo Stock (EVGO)