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 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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The EV charging stock became too hot to handle for some.

Why EVgo Stock Continues to Sink

On Monday, Evgo Inc. (NASDAQ:EVGO) shares plunged by more than 7% after Credit Suisse downgraded the stock to neutral from buy, citing valuation concerns. Analyst Maheep Mandloi said the current rally has already priced in the benefits associated with recent announcements.

Is EVgo stock a buy as shares plunge 7% after Credit Suisse downgrade?

EVgo Inc (NASDAQ: EVGO) is trading significantly lower Monday following negative analyst coverage from Credit Suisse. Credit Suisse analyst Maheep Mandloi downgraded EVgo from an Outperform rating to a Neutral rating and raised the price target from $11 to $17.

Why EVgo Shares Are Falling Today

EVgo Inc's (NASDAQ:EVGO) stock has appreciated more than 89% in a week, following the passage of the Federal infrastructure bill and better-than-expected third-quarter results, and the risks are no longer appropriately priced in, according to BofA Securities. The EVgo Analyst: Ryan Greenwald downgraded EVgo from Neutral to Underperform while keeping the price target at $11.

BofA Downgrades EVgo After Huge Rally

An analyst downgrade breaks the stock's winning streak.

Why EV Charging Stock EVgo Is Crashing Today

Shares of EVgo Inc. took a dive Monday, after BofA Securities analyst Ryan Greenwald questioned the recent “charging euphoria” that triggered a near-doubling in the electric-vehicle charging company's stock last week, at a time that investors should be worried about a potential significant amount of shares that could be sold.

The Ratings Game: EVgo stock tumbles after BofA says sell, citing recent EV ‘charging eurphoria' and pending lock-up expiry

The shares of EVgo Inc (NASDAQ:EVGO) are down 8.3% at $17.36 this morning, after several analysts adjusted coverage on the electric vehicle stock.

Credit Suisse Says EVgo Stock's Tailwinds Already Priced In

Credit Suisse analyst Maheep Mandloi downgraded EVgo Inc (NASDAQ:EVGO) to Neutral from Outperform with a price target of $17, up from $11, implying a 10% downside. The analyst cites valuation for the downgrade.

Credit Suisse Downgrades EVgo Citing Valuation

Investors celebrated the passage of a long-awaited infrastructure deal that supports the electric vehicle movement, although they arguably overshot their target in this case.

Why Shares of EVgo Nearly Doubled This Week

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EVgo, Inc. (EVGO) CEO Cathy Zoi on Q3 2021 Results - Earnings Call Transcript

Strong quarterly numbers and a similar outlook drive shares even higher.

Why EV Charging Stock EVgo Jumped Again Today

General Motors

General Motors (GM) joins forces with EVgo to expand fast charging and make it accessible to metropolises and customers in the United States.

General Motors (GM) Partners With EVgo to Bolster EV Charging

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (Nasdaq: EVGO) (“EVgo” or the “Company”) today announced results for the third quarter ending September 30, 2021. The Company generated continued growth in revenue, network throughput and customer accounts. EV adoption has accelerated with approximately 130,000 EVs sold in the US during the third quarter of 2021 proving the continued expansion of the EV sector and bringing more drivers on EVgo network. Revenue increased to $6.2 million for the third quart

EVgo Inc. Reports 2021 Third Quarter Results

Uber

EVgo (NASDAQ: EVGO) is the owner of the country's most prominent public fast-charging system for EVs, which announced that it's expanding its electric vehicle charging platform for Uber's drivers.  With over one million rideshare cars on roads all across the nation, electrification of these vehicles will provide EVgo with a chance to add more high-utilization drivers […] The post Evgo up 50% following expansion of Uber partnership appeared first on Invezz.

Evgo up 50% following expansion of Uber partnership

EVgo (EVGO) stock is charging higher on Tuesday after the company announced a deal with ride-sharing service Uber (UBER). The post EVGO Stock: Why Is EV Charging Company EVgo Powering Up Today?

EVGO Stock: Why Is EV Charging Company EVgo Powering Up Today?

With the infrastructure bill, Uber, General Motors, and earnings, there's plenty of news firing up the EV charging stock.

Why EVgo Stock Bolted Higher Again Today

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General Motors and electric vehicle charging company EVgo unveiled plans for more fast charging sites. The pair will deploy 3,250 charging stalls by 2025.

GM and EVgo Accelerate Their EV Charging Plans. EVgo Stock Is Spiking.

Shares of EVgo Inc. EVGO, +34.57% charged up 29.9% toward a nine-month high in premarket trading Tuesday, after the electric-vehicle charging network announced an expanded partnership with Uber Technologies Inc. UBER, -2.75% . The expanded partnership includes new discounts and benefits for all Uber rideshare drivers, who tend to charge their EVs multiple times per day.

EVgo stock soars after expanded Uber partnership

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO), a first mover in fleet electrification and owner and operator of the nation's largest public fast charging network for electric vehicles (EVs) and first powered by 100% renewable electricity, today announced an expansion to its EV charging program for rideshare drivers on Uber's platform. With nearly one million rideshare vehicles on the road, electrification of rideshare provides a significant opportunity to add high-utilization drivers t

Uber and EVgo Expand Partnership to Support High-Volume Rideshare Drivers with Fast, Reliable Public Charging

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO), owner and operator of the nation's largest public fast charging network for electric vehicles (EVs), and General Motors (GM) announced an expansion of their fast charging infrastructure build-out collaboration currently underway across the U.S. EVgo and GM previously announced a tripling of the EVgo network with plans to build 2,750 charging stalls through 2025. In response to the growing demand for charging infrastructure and new vehicles

General Motors and EVgo Boost Build Plan for High Power Fast Chargers Across the US

Blink Charging

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Investors expect big things ahead from EV charging and battery stocks under the Biden administration.

Why Blink Charging, EVgo, and Quantumscape Stocks Sizzled Today

The stock price of Evgo Inc (NASDAQ: EVGO) increased by over 15% during intraday trading today. This is why it happened.

Evgo (EVGO) Stock: Why The Price Surged Today

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EV stocks like ChargePoint, EVgo and Volta surged after infrastructure bill passed, which promises $7.5 billion in EV charging station funding.

News for EVgo Stock (EVGO)