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 2022

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Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 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.

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 Inc (NASDAQ:EVGO) stock is 33.8% higher premarket, looking to open at $5.26 after a bull note from J.P.

EVgo Stock Charges Up After Bull Note

J.P. Morgan analyst Bill Peterson upgraded EVgo stock to Buy, and downgraded ChargePoint stock to Sell.

EVGo Stock Is Soaring. Charging Stocks Aren't All Alike.

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. announced it has received a conditional commitment for a loan guarantee of up to $1.05 billion of debt financing from the U.S. DOE.

EVgo Receives Conditional Commitment for DOE Loan Guarantee of up to $1.05 Billion to Accelerate Buildout of Public Fast Charging Across the U.S.

The United States on Thursday offered EVgo a conditional loan guarantee of up to $1.05 billion to expand public electric vehicle-charging infrastructure across the country, some of which in marginalized urban communities.

US offers EVgo conditional $1.05 billion loan for EV chargers

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 the appointment of Paul Dobson as Chief Financial Officer (CFO), effective October 1, 2024. Dobson has more than 30 years of professional experience in finance and operations roles – including in the energy sector, most recently serving as CFO of Ballard Power Solutions, a global provider of innovative clean ener.

EVgo Appoints Paul Dobson Chief Financial Officer

EVgo (EVGO) stock price has staged a strong comeback in the past few months as other electric vehicle companies and EV charging companies like Blink Charging and ChargePoint plunged. It rose to a high of $4.77 this week, its highest point since August 2023 and 192% from its lowest point this year.

EVgo stock price analysis: risk/reward is very attractive

General Motors

GM & EVgo deepen ties to install 400 fast charging stations in major U.S. cities to meet the growing need for reliable EV charging infrastructure.

General Motors & EVgo to Install 400 Fast Charging Stations Across US

LOS ANGELES--(BUSINESS WIRE)--After years of collaborating to increase public charging access, EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the nation's largest public fast charging networks, and General Motors (“GM”) today announced that they are expanding upon their work together and taking charging to the next level by deploying 400 fast charging stalls at flagship destinations in major metropolitan areas across the U.S. With features such as 350kW fast chargers, ample lighting.

EVgo and GM Take Charging to the Next Level with New Flagship Destinations Set to Optimize the Charging Experience

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 Badar Khan, EVgo's Chief Executive Officer, will be hosting a public virtual town hall on Wednesday, October 2, 2024 at 8:30AM ET. Mr. Khan will answer questions from current and prospective EVgo shareholders about the business, the future of the EV industry, the Company's strategy for shareholder value gen.

EVgo CEO to Host Public Virtual Town Hall on October 2 at 8:30AM ET

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

QuantumScape

Rivian Automotive

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

ChargePoint Holdings

Nuuve

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

Blink Charging

Wallbox NV

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

McDonald's

Powell Industries

The U.S. stock market is currently in the midst of a correction, primarily due to a lower-than-expected increase in jobs last month and some high-profile earnings misses. But on Aug. 2, FactSet reported that 78% of the S&P 500 firms that had delivered their quarterly financial results had generated earnings per share that were above analysts' average estimates.

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

Eaton

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

Beam Global

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

SkyWater Technology

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.

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