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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Blink Charging

ChargePoint Holdings

Legislation in both the U.S. and overseas encourages the deployment of an electric vehicle (EV) charging infrastructure. As a result, investors are gravitating toward the best EV charging stocks to buy.

The 3 Best EV Charging Stocks to Buy in Q2 2024

Wallbox NV

If the global adoption of EVs increases, significant investment is required to build the necessary EV charging infrastructure. Therefore, a strong case exists for investing in high-quality EV charging stocks for multibagger returns.

3 EV Charging Stocks That Could Be Multibaggers in the Making: March Edition

EVgo Leverages Strategic Capital Model to Grow Fast Charging Footprint NEW YORK , March 26, 2024 /PRNewswire/ -- SLB Capital Advisors, a real estate advisory firm focused on executing sale leasebacks for corporations and sponsors, arranged four leasing transactions on behalf of EVgo, a leader in electric vehicle charging solutions, by Q1 2024. SLB worked on behalf of EVgo to identify and source an institutional investor to fund cornerstone properties for EVgo's hubs business.

SLB Capital Advisors Advises on Sale Leasebacks For Leading EV Fast Charging Solutions Provider EVgo

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 opening of its first fast charging station deployed using the Company's new prefabrication approach. Located at the Bay Colony Town Center in League City, TX, this EVgo station is the first of several slated to open this year leveraging prefabrication, which is expected to reduce station construction costs by.

EVgo Opens First Public Fast Charging Site with Innovative Prefabrication Approach

EV charging stocks have been having it rough lately due to the slowdown in the EV market. However, it's tough to write them off so quickly, especially considering the massive long-term growth potential in the EV sphere.

Hot Stocks: The 3 Best Opportunities for Investing in EV Charging

Beam Global

If the electric vehicle (EV) boom is going to get off the ground, we need far more EV charging stations. In fact, as I noted on Feb. 12, “The U.S. has just under 130,000 publicly available charging ports at 50,401 charging stations, according to BlinkCharging.com.

Wall Street's Favorite EV Charging Stocks? 3 Names That Could Make You Filthy Rich

Some of the most undervalued EV charging stocks are showing big signs of life again.  For one, according to ChargePoint (NYSE: CHPT ) CEO Rick Wilmer, the number of charging stations is increasing rapidly, as noted by the Associated Press.

The 3 Most Undervalued EV Charging Stocks to Buy in March 2024

Stem, Inc

Last week, President Joe Biden delivered a State of the Union address to mostly positive reviews. For one, Biden made clear the differences between himself and former President Donald Trump, emphasizing the need for climate change action and higher taxation on the billionaire class.

3 EV Charging Stocks to Buy as the U.S. ‘Fights for the Future'

EV charging stocks are showing big signs of life, thanks to improvements in electric vehicle (EV) sales and an uptick in charging station use. All of which made it easy to spot some of the top EV charging stocks to buy.

The Top 3 EV Charging Stocks to Buy in March 2024

EVgo, Inc. (NASDAQ:EVGO ) Q4 2023 Results Conference Call March 6, 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 Gabe Daoud - TD Cowen Andres Sheppard - Cantor Fitzgerald Bill Peterson - JPMorgan Stephen Gengaro - Stifel Craig Irwin - Roth Capital Operator Good morning. My name is Rob, and I will be your conference operator today.

EVgo, Inc. (EVGO) Q4 2023 Earnings Call Transcript

The company's fourth-quarter sales of $50 million were better than estimates for $44 million.

EVgo Jumps on Strong Sales Growth

Shares of EVgo Inc. got a nice boost Wednesday after the company, which operates an electric-vehicle-charging network, reported fourth-quarter results that beat expectations, with charging revenue more than tripling.

EVgo's stock jumps as EV-charging revenue triples

EVgo Inc. (EVGO) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.22. This compares to loss of $0.06 per share a year ago.

EVgo Inc. (EVGO) Reports Q4 Loss, Tops Revenue Estimates

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (Nasdaq: EVGO) (“EVgo” or the “Company”) today announced results for the fourth quarter and full year ended December 31, 2023. 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 $50.0 million in the fourth quarter of 2023, compared to $27.3 million in the fourth quarter of 2022, representing 83% year-over-year growth. For the full year 2023, revenue reached.

EVgo Inc. Reports Fourth Quarter and Full Year 2023 Results

EVgo Inc. (EVGO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate EVgo Inc. (EVGO) to Report a Decline in Earnings: What to Look Out for

With soft demand for electric vehicles, EV charging stocks lost ground. However, don't write them off just yet.

3 EV Charging Stocks to Turn $10,000 Into $1 Million: February 2024

Speculative investors are willing to invest in stocks that many investors would steer clear from. That's been the case with EV charging stocks.

3 EV Charging Stocks That Could Be Multibaggers in the Making: February Edition

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 fourth quarter and full year 2023 financial results on Wednesday, March 6, 2024. This release will be followed by a webcast hosted by members of the EVgo management team at 8:00 a.m. PT (11:00 a.m. ET). EVgo Fourth Quarter and Full Year 2023 Webcast When: Wednesday, March 6, 2024 Time: 8.

EVgo to Report Fourth Quarter and Full Year 2023 Results on March 6, 2024

Everything related to electric vehicles (EVs) is not doing well in 2024. EV stocks like Tesla and Nio have all plunged hard this year, shedding over $1 trillion in valuation.

Is it safe to buy EV charging stocks like CHPT, EVGO, and BLNK?

EVgo last projected at least 170% growth in revenue for the full year 2023. With a rival confident of beating revenue growth estimates, expectations from EVgo have picked up too.

Why EVgo Stock Surged by More Than 15% This Week

EVgo Inc. (EVGO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

EVgo Inc. (EVGO) Upgraded to Strong Buy: Here's What You Should Know

QuantumScape

Electric car stocks got a charge out of Blink's earnings pre-announcement this morning. Blink is anticipating "record-breaking" revenues for both Q4 and 2023 as a whole.

Why EVgo, QuantumScape, and Blink Charging Stocks All Popped

Tesla

The electric vehicle (EV) market is probably headed toward a slump in 2024. During Tesla's (NASDAQ: TSLA ) Q4 earnings call, CEO Elon Musk warned the famed EV maker could experience slower growth in 2024.

Why These 3 EV Stocks Could Be Headed for Further Losses

EVgo is a leading player in the US EV charging market, operating over 2,700 fast charging stations. The company's stock performance has been volatile and disappointing, with a decline of 67% in the past year. Despite market challenges, EVGO is well-positioned to capture value in the EV charging market and has the potential for a rebound.

EVgo: Attractive Price Level With Strong Growth Pipeline

Electric vehicle (EV) charging stocks haven't been getting much love lately. But that's to be expected with slowing EV sales growth.

News for EVgo Stock (EVGO)