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.

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EVgo, Inc. (NASDAQ:EVGO ) Q1 2024 Earnings Conference Call April 26, 2024 11:00 AM ET Company Participants Heather Davis - Vice President, Investor Relations Badar Khan - Chief Executive Officer Olga Shevorenkova - Chief Financial Officer Conference Call Participants Chris Dendrinos - RBC Capital Markets Stephen Gengaro - Stifel Chris Pierce - Needham Andres Sheppard - Cantor Fitzgerald Bill Peterson - JP Morgan. Operator Thank you for standing by and welcome to the EVgo First Quarter 2024 Earnings Conference Call.

EVgo, Inc. (EVGO) Q1 2024 Earnings Call Transcript

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

EVgo Inc. (EVGO) Reports Q1 Loss, Tops Revenue Estimates

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (Nasdaq: EVGO) (“EVgo” or the “Company”) today announced results for the first quarter ended March 31, 2024. Management will host a conference call today at 11:00 a.m. ET / 8:00 a.m. PT to discuss EVgo's results and other business highlights. Revenue reached $55.2 million in the first quarter of 2024, compared to $25.3 million in the first quarter of 2023, representing 118% year-over-year growth. Revenue growth was primarily driven by year-over-year incre.

EVgo Inc. Reports Record First Quarter 2024 Results

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The electric vehicle (EV) market continues to suffer from key demand risks. Interest rates in the United States and abroad remain elevated and will likely remain as such for some period of time.

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I believe that there are many worthwhile EV stocks to buy currently available. That's because, in my view, by 2030 electric vehicles will likely account for close to a majority of all the vehicles sold in the U.S. The main reason for this is that electricity will always be cheaper on average, than gasoline.

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LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO), one of the nation's largest public fast charging networks for electric vehicles (EVs), today announced that the company was recognized with a first place Leadership Award for Level 3 Electric Vehicle Charging – also known as DC fast charging – by the Los Angeles Department of Water & Power (LADWP). EVgo was honored as part of LADWP's “Electrification of Transportation” category for its success deploying DC fast charging infrastructure.

EVgo Expansion in Los Angeles Recognized with 1st Place Leadership Award by Largest Municipal Utility in the Nation

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Jon Wolfenbarger, a 32-year market veteran warns that despite the seemingly booming U.S. labor market, there are underlying weaknesses that suggest an imminent recession. While the headline numbers show strong job growth and historically low unemployment rates, Wolfenbarger points out that the kind of jobs being added and other economic indicators paint a bleaker picture.

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As the electric vehicle (EV) market continues to expand, savvy investors are looking for top EV charging stocks to buy. The rising adoption of electric vehicles is pushing governments to improve charging infrastructure, which directly benefits companies in this sector.

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Electric vehicle (EV) charging stocks are rising as federal legislation promotes the construction and standardization of U.S. EV charging infrastructure. The Bipartisan Infrastructure Law proposes a $7.5 billion national EV charging network to promote electric cars.

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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 first quarter 2024 financial results on Tuesday, May 7, 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 First Quarter 2024 Webcast When: Tuesday, May 7, 2024 Time: 8 a.m. PT (11 a.m. ET) Live Webcast: https://.

EVgo to Report First Quarter 2024 Results on May 7, 2024

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EV charging stocks to buy now haven't been too attractive lately. But don't write them off just yet.

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EV charging stocks are not doing well this year. EVGo stock price has crashed by over 42% in 2024 while ChargePoint is down by 29.4%.

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Investors may want to consider buying some of the top EV charging stocks for the long haul. For one, if the U.S. is serious about electric vehicle adoption, the EV charging market must grow nearly tenfold.

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Charging electric vehicles (EVs) in the U.S. is about to get easier. EV charging company EVgo (NASDAQ: EVGO ) just announced that it will be expanding its Autocharge+ program to 50 EVs with Plug & Charge capabilities.

What Does Expanded Plug & Charge Actually Mean for EVgo (EVGO) Stock?

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO), one of the nation's largest public fast charging networks for electric vehicles (EVs), today announced that more than 50 EV models are eligible for its seamless Autocharge+ feature. Once enrolled, Autocharge+ showcases a best-in-class customer experience for EV drivers by eliminating the need to open an app, swipe a credit card, or tap an EVgo program (RFID) card to initiate a fast charging session on the EVgo network. Since its launch in.

EVgo Expands Autocharge+ to More Than 50 Electric Vehicle Models

U.S. equities have continued to trend downward as investors and market analysts reassess the prospects of a market crash. As of last Friday, the S&P 500 has increased by 9.11% on a year-to-date (YTD) basis, while the Nasdaq has risen 6.91%.

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EV demand in the U.S. is being weighed down by high interest rates and consumers' increased preference for hybrid vehicles. Still, the number of EV sales continues to climb year-over-year and, according to Barron's, EVs' share of the overall U.S. auto market even increased slightly in Q1 to 7%.

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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 Scott Griffith has joined the EVgo Board of Directors (the “Board”), serving on the Nominating and Governance Committee, as well as the Audit Committee and Compensation Committee. Mr. Griffith joins EVgo's Board with extensive experience in the mobility and automotive industry. Mr. Griffith previously served as t.

EVgo Welcomes Scott Griffith to Board of Directors

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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 its Chief Executive Officer, Badar Khan, and Chief Financial Officer, Olga Shevorenkova, will host a financial modeling webinar on Thursday, April 4, 2024. EVgo Financial Modeling Webinar Date: Thursday, April 4, 2024 Time: 2 p.m. PT (5 p.m. ET) Live Webcast: https://investors.evgo.com/events-and-presenta.

EVgo to Host Financial Modeling Webinar on April 4, 2024

The growing demand for EVs worldwide has also called for a significant investment in infrastructure improvements. More chargers, stations and battery technology are readily available to the public, but a gap still needs to be filled.

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Crisis may soon become an opportunity for EV charging stocks. Over the last few days, Shell (NYSE: SHEL ) announced it would divest about 1,000 gas stations and funnel its resources into expanding electric vehicle (EV) charging stations.

News for EVgo Stock (EVGO)