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 2021

Earnings data Q1 2022

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Earnings data Q3 2023

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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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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 its nationwide customer accounts have crossed the 300,000 mark. The milestone arrives as EVgo continues to expand its fast-charging network footprint with convenient and reliable fast charging stations where drivers shop, work, and play. “With EV sales increasing rapidly across the US, drivers are l

EVgo Celebrates 300,000 Customer Account Milestone

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 the launch of EVgo Rewards™, a customer loyalty program providing EV drivers the opportunity to earn points towards free fast charging sessions when they charge at EVgo locations. The launch follows a successful pilot program with more than 4,000 customers, making EVgo the first nationwide public EV

EVgo Launches EVgo Rewards™ Program Nationwide for EV Drivers

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (Nasdaq: EVGO) (“EVgo” or the “Company”), the nation's largest public fast charging network for electric vehicles (“EVs”) and first powered by 100% renewable electricity, today announced that members of its executive leadership team will be presenting and meeting with investors at the following upcoming conferences: Cowen's 14th Annual Global Transportation & Sustainable Mobility Conference on September 9, 2021 Evercore ISI's Autotech & AI Forum o

EVgo to Participate in Virtual Investor Conferences in September

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EVgo's public debut has seen things go from bad to worse for the stock.

Why EVgo Stock Sank 23% in August

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 the Connect the Watts™ initiative aimed at accelerating the electrification of transportation by bringing together stakeholders across the EV charging infrastructure ecosystem to work efficiently to site, build, and deploy chargers. In response to growing consumer demand and policy support for EVs,

EVgo-Led Connect the Watts™ Program Releases Series of Best Practices Guides for Faster Infrastructure Deployment

EVgo is one of the leading brands of EV stations. Growth has been good as more and more stations are popping up.

EVgo: Molding To Fit The EV Landscape

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 new pricing plans, a new loyalty program called EVgo Rewards™, and statewide kilowatt-hour (kWh) and time-of-use (TOU) pricing pilots in California. The company is also rolling out location-based pricing for customers in San Francisco and Los Angeles. Next month, the updated Member plans and the new

EVgo Announces New Nationwide Plan Options, New Loyalty Program, and Innovative Pricing Pilot in California

EVgo's (EVGO) CEO Cathy Zoi on Q2 2021 Results - Earnings Call Transcript

EVgo Inc (NASDAQ: EVGO) reported second-quarter FY21 sales growth of 61.8% year-on-year, to $4.79 million driven by overall increases in EV adoption. Charger stall count as of June 30, 2021, totaled 1,548.

EVgo Q2 Sales Grow 61% Aided By Increased EV Adoption, Affirms FY21 Outlook

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (Nasdaq: EVGO) (“EVgo” or the “Company”) today announced results for the second quarter ended June 30, 2021. Revenue increased to $4.8 million for the second quarter of 2021, compared to $4.1 million for the first quarter of 2021. The Company is seeing increased revenue due to overall increases in EV adoption, uptake of EVgo's products and offerings, and a customer count now exceeding 275,000, all resulting in a significant growth in network throughput. “

EVgo Inc. Reports 2021 Second Quarter Results

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The electric vehicle charging network is preparing for a potentially dilutive event.

Why EVgo Stock Tanked on Monday

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Does the growth in electric vehicles automatically translate into growth for EV charging companies?

Should You Buy Electric Vehicle Charging Stocks Right Now?

LOS ANGELES--(BUSINESS WIRE)--EVgo Services, LLC (“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 second quarter 2021 financial results before market open on August 11th, 2021. 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 live webcast of th

EVgo Announces Timing of Second Quarter 2021 Earnings Results and Conference Call

One public company is leading the way in the infrastructure buildout needed for EV charging's "hyperbolic growth," Evercore ISI says.

The Ratings Game: This company leads the way amid ‘hyperbolic growth' for EV charging

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, announced today the recent installation of eight new EVgo public fast chargers for Lot 29, located at 1654 5th Street in Santa Monica, California. The new EVgo chargers will provide zero-emission charging through EVgo's network, supporting the City of Santa Monica's Electric Vehicle Action Plan. Santa Monica first

EVgo and the City of Santa Monica Add New Fast Charging Infrastructure

EVgo, Inc. (NASDAQ:EVGO) is a market leader, with more than 800 direct current fast charging sites across the U.S., and a serviceable available market that is projected to grow at a compounded annual rate of around 25% over the next 20 years, according to Evercore ISI. The EVgo Analyst: James West initiated coverage of EVgo with an Outperform rating and $18 price target.

Why Evercore ISI Is Bullish On This EV Charging Stock

EVgo is an industry leading builder, owner and operator of EV fast charging networks in the U.S. The company is making the case that EV charging networks is 21st century infrastructure, much as cell phone towers and data centers.

EVgo Is A Little Expensive But Worth Watching For Its Growth Potential

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EVgo Inc (NASDAQ: EVGO) has been chosen by General Motors Co (NYSE: GM) as a preferred provider for Ultium Charge 360 fleet service. EVgo will deploy new charging and infrastructure solutions for GM fleet and BrightDrop customers.

EVgo Stock Soars After GM Selects As Preferred Provider For EV Fleets

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 that General Motors Company (GM) has named it a preferred provider for the company's Ultium Charge 360 fleet service. With the announcement, EVgo will deploy comprehensive new charging and infrastructure solutions specifically for GM fleet and BrightDrop customers; in addition, these customers can

EVgo Named by GM as a Preferred Provider for EV Fleets

Fast charging provider for electric vehicles EVgo Inc (NASDAQ: EVGO) has acquired Recargo, an e-mobility software company, in an all-cash deal for $25 million. The transaction will combine EVgo's national public fast-charging infrastructure and Recargo's leadership in EV innovation on app development, market research, data licensing, reporting, and advertising.

EVgo Acquires e-Mobility Software Company Recargo For $25M

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 that it has acquired Recargo, a leading e-mobility software company and one of the industry's most utilized sources of driver-contributed EV industry data, for $25 million in an all-cash transaction (including $3mm loan repayment). The transaction brings together two trusted EV leaders and first move

EVgo and Recargo Join Forces to Accelerate EV Market Growth

Samsara and EVgo (Nasdaq: EVGO) announced Tuesday a partnership aimed at supporting companies deploying, managing, charging and maintaining electric vehicles.  The partnership gives Samsara's commercial fleet customers access to EVgo's network of 800 fast charging stations across the U.S. EVgo is also the first EV partner on Samsara's Experts Marketplace, a network of certified implementation experts.

Samsara and EVgo partner to push for more commercial EVs

SAN FRANCISCO, July 13, 2021 /PRNewswire/ -- Samsara, the pioneer of the Connected Operations Cloud, today announced it has partnered with EVgo (Nasdaq: EVGO), the nation's largest public fast charging network for electric vehicles (EVs), to help customers accelerate their transition to electric. EVgo is the first electric vehicle partner on Samsara's Experts Marketplace , a network of trusted, certified implementation experts.

News for EVgo Stock (EVGO)