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

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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Why EVgo Stock Is Surging Today

EVgo, Inc. reported Q3 '24 earnings with a 92.4% y/y sales increase but still faces inefficiencies and profitability challenges, leading to a hold rating. The company's gross margins improved to 9.4%, and it holds $153.4m in cash with zero debt, positioning it well for growth. EVgo's future expansion includes a potential $1B loan guarantee and plans to build 7,500 high-powered charging stalls over five years.

EVgo Q3 Results: The Potential To Succeed Is There, But It'll Take Time

EVgo, Inc. (NASDAQ:EVGO ) Q3 2024 Earnings Conference Call November 12, 2024 8:00 AM ET Company Participants Heather Davis - VP, IR Badar Khan - CEO Paul Dobson - CFO Conference Call Participants Bill Peterson - J.P. Morgan Andres Sheppard - Cantor Fitzgerald Craig Irwin - Roth Capital Partners Christopher Dendrinos - RBC Capital Markets Chris Pierce - Needham & Company William Grippin - UBS Operator Thank you for standing by.

EVgo, Inc. (EVGO) Q3 2024 Earnings Call Transcript

EVgo Inc. (EVGO) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to loss of $0.09 per share a year ago.

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

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (Nasdaq: EVGO) (“EVgo” or the “Company”) today announced results for the third quarter ended September 30, 2024. Management will host a conference call today at 8 a.m. ET / 5 a.m. PT to discuss EVgo's results and other business highlights. Revenue for the third quarter of 2024 reached $67.5 million, compared to $35.1 million in the third quarter of 2023, representing 92% year-over-year growth. Revenue growth was driven by year-over-year increases in charg.

EVgo Inc. Reports Record Third Quarter 2024 Results

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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 third quarter 2024 financial results on Tuesday, November 12, 2024. This release will be followed by a webcast hosted by members of the EVgo management team at 8 a.m. ET (5 a.m. PT). EVgo Third Quarter 2024 Webcast When: Tuesday, November 12, 2024 Time: 8 a.m. ET (5 a.m. PT) Live Webcast:.

EVgo to Report Third Quarter 2024 Results on November 12, 2024

EVgo (EVGO) stock has gone parabolic this year, making it one of the best-performing companies in Wall Street. It surged to a high of $8.45 on Wednesday, its highest level since October 2022.

My EVgo stock price forecast was accurate: here's what to expect

EVgo has been upgraded to a ‘Buy' rating by analysts at UBS after the electric vehicle (EV) fast charging network provider received a $1.05 billion loan conditional commitment from the Department of Energy (DOE). They also upped their price target on the stock to $8.50 from $4, which implies upside of about 20% from EVgo's share price at the time of writing.

EVgo upgraded to ‘Buy' following $1.05B DOE loan commitment

Thursday, UBS analyst William Grippin upgraded shares to Buy from Hold. His price target increased by more than 100% to $8.50 from $4 a share.

EVgo Stock Rises on Another Upgrade

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), announced today that it has entered into a new memorandum of understanding (MOU) with longtime technology partner, Delta Electronics, Inc. (“Delta”), a global leader in power management and a provider of IoT-based smart green solutions, to jointly develop next-generation EV charging architecture. This new charging architecture i.

EVgo and Delta Electronics Sign MOU to Co-Develop Next-Generation Charging Architecture

Electric vehicle sales are slowing down as supply chain shortages ease in the auto industry.

Great News for EVGO Stock Investors!

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U.S. stock futures were higher this morning, with the Dow futures gaining over 50 points on Friday.

Rivian Automotive Cuts Production Outlook, Joins EVgo And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Following a significant price target increase by analysts at JP Morgan (NYSE: JPM), the shares of EVgo (NASDAQ: EVGO), an electric vehicle (EV) fast-charging network in the United States, have reacted with a massive price increase, soaring over 60% in a matter of hours.

This EV stock is up 60% after JP Morgan upgrade

EVgo (EVGO) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

EVgo (EVGO) Soars 60.8%: Is Further Upside Left in the Stock?

Evgo Inc (NASDAQ: EVGO) is up about 50% on Thursday after a JPMorgan analyst issued a super bullish note in its favour. Bill Peterson upgraded the electric vehicle charging company to “overweight” this morning and said its shares could climb to $7, which translates to about an 80% upside on its previous close.

This EV stock could jump 80% in 12 months, JP Morgan analyst says

EVgo Inc. (EVGO, Financial), an electric vehicle charging company, has obtained a conditional loan guarantee of up to $1.05 billion from the U.S. Department of Energy. This funding is aimed at expanding its charging network.

EVgo (EVGO) Secures $1.05 Billion Loan Guarantee, Shares Surge

As the electric vehicle (EV) industry pursues mainstream adoption, the demand for robust charging infrastructure is more critical than ever. With global efforts to combat climate change and reduce reliance on fossil fuels, governments, automakers and technology providers are focused on building a system that supports electric mobility.

EVgo Secures $1.05 Billion Loan Guarantee to Expand US Charging Network

EVgo (EVGO) shares soared 50% Thursday after the electric vehicle (EV) charging station provider received a $1.05 billion conditional government loan guarantee to install public EV chargers.

EVgo Stock Soars on Government Loan, JPMorgan Upgrade

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When it comes to electric vehicle (EV) charging stocks, EVgo Inc EVGO is set to outperform. ChargePoint Holdings Inc CHPT, however, struggles to maintain momentum.

EVgo Vs. ChargePoint: Analyst Verdict On Which Stock Leads The EV Charging Race?

Two news items has EVgo stock soaring today.

Why EVgo Stock Was Soaring Nearly 50% Thursday

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.

News for EVgo Stock (EVGO)