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.

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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.

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) (“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

ChargePoint Holdings

Wallbox NV

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

Blink Charging

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.

Everi

Rivian Automotive

Sony

Tesla

As of July 11, 2024, five stocks in the consumer discretionary sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Top 5 Consumer Stocks That Are Ticking Portfolio Bombs

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.

The 3 Best EV Charging Stocks to Buy in July 2024

General Motors

Lucid Group

Electric vehicles are in the news again but this time for a positive reason. In news that broke earlier in the week, German automotive giant Volkswagen (OTCMKTS: VWAGY ) will invest up to $5 billion into Rivian Automotive (NASDAQ: RIVN ).

Vroom! 3 EV Stocks With the Potential to Outrun the Competition.

Advantage Solutions

Forward Air

Sunnova Energy International Inc

Children's Place

Trupanion

Zynex Inc

In 2021, a trader with a large Reddit following induced a massive rally in shares of GameStop Corp. NYSE: GME. The downtrodden gaming retailer was the most shorted stock in the entire market in January 2021, but the retail buying frenzy triggered a massive run-up in price as hedge funds were forced to cover their short positions to prevent huge losses.

7 Short Squeeze Stocks to Look Into for Your Portfolio

Regency Centers

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), and Regency Centers Corporation (NASDAQ: REG) (“Regency” or “Regency Centers”), today announced the opening of a new fast charging station at Blakeney Town Center in Charlotte, North Carolina. The Blakeney Town Center station is conveniently located at 9870 Rea Rd in Charlotte near the city's major roadways, including Interstate.

EVgo and Regency Centers Open Newest Fast Charging Station in Longstanding Partnership, Expanding Footprint to More Than 120 Stalls Across U.S.

Beam Global

It's time to revisit some of the top EV charging stocks to buy on the dip. All of this is happening as electric vehicle sales start to accelerate again.

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

With electric vehicle sales starting to accelerate again, the U.S. is in desperate need of more charging stations. All of which is creating a big opportunity for some of the top EV charging stocks to buy now.

3 EV Charging Stocks to Buy Now: June 2024

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 Keith Hutchison as Chief People Officer (CPO). Hutchison brings over two decades of experience working in human resources (HR) within the energy and EV sectors, and as EVgo's first CPO, he will be responsible for the oversight of the Company's entire employee lifecycle, from attraction and recr.

EVgo Names Keith Hutchison as Company's First Chief People Officer

Aurora Cannabis

Beyond Meat

It was not long ago that Novavax (NASDAQ: NVAX ) was among the stocks with high short interest. The stock had been trending lower for an extended period.

3 Short-Squeeze Stocks Ready to Break the Chains of Bearish Sentiment

Panasonic Holdings Corp

Overlooked EV stocks are an appealing investment case in 2024 since, by the end of a year that will also see a decrease in the benchmark interest rate, sales of electric vehicles will reach over 17 million units or more than 20% of all new automobiles sold globally. When comparing the first quarter of 2024 to the same time in 2023, EV sales increased by almost 25%, illustrating sound progress toward this goal.

Ride the EV Wave: 3 Overlooked Stocks Fueling the Electric Vehicle Revolution

Mayville Engineering Company Inc

Redwire Corp

Some believe that the Street always values companies more or less correctly and is never completely wrong about companies' outlooks. But history shows this concept is completely incorrect.

Small-Cap Sensations: 3 Overlooked Stocks With Gigantic Potential

Altimmune

Recursion Pharmaceuticals

Low-priced stocks under $10 can be explosively awarding. That is, if you spot the right one at the right time with the right catalyst.

3 Stocks Under $10 Set to Quadruple by 2025: June Edition

LOS ANGELES--(BUSINESS WIRE)--EVgo's commercial throughput more than tripled from Q123 to Q124. Rideshare throughput reached 24% of total throughput in the first quarter this year.

EVgo Recognizes Massive Rideshare Growth as Commercial Throughput More Than Tripled Year over Year in Q1

With electric vehicle sales accelerating again, we're in desperate need of charging stations — which should fuel massive growth for some of the best EV charging stocks. For one, according to Inside Climate News: “Talk of an implosion of the U.S. electric vehicle market is verging on ridiculous.

The 3 Best EV Charging Stocks to Buy in June 2024

BYD Co Ltd

The recent results of a poll on American consumers' interest in buying electric vehicles was portrayed as bad news for the sector by many U.S. media outlets. However, I think that the data is actually quite positive for the sector.

3 EV Stocks to Buy as the Electric Vehicle Market Gets Back Into Gear

EVgo (NASDAQ: EVGO) stock price has crashed hard in the past few years as concerns about the electric vehicle industry continued. It has tumbled by almost 40% this year and by over 45% in the past 12 months.

EVgo stock price analysis: the comeback could be epic

Plug Power

Short-squeeze moves can be ferocious and are perfect for investors seeking quick trading gains. With the possibility of a rate cut-induced rally, I am bullish on some short-squeeze stocks for the next few quarters.

Join the Rally: 3 Stocks Poised for Big Short-Squeeze Moves

Tilray Brands

Investing in penny stocks poses significant risks, as cautioned by the Securities & Exchange Commission. Penny stocks can have low volume, trade infrequently and be challenging to sell, potentially leading to a complete investment loss.

News for EVgo Stock (EVGO)