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

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Allego NV

Beam Global

ChargePoint Holdings

Global X Autonomous & Electric Vehicles ETF

Direxion Daily Electric & Autonomous Vehicles Bull 2X Shares

KraneShares Electric Vehicles & Future Mobility Index ETF

In 2023, electric vehicle (EV) sales are expected to make up about 9% of auto sales, according to Atlas Public Policy, as noted by the Associated Press. That's up from 7.3% in 2022.

If You Can Only Buy One EV Charging Stock in December, It Better Be One of These 7 Names

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 will install new fast charging stations in the Midwest in an expanded partnership with Meijer, a regional grocery retailer. The new EVgo stations will be built in Ohio and feature up to six stalls at select Meijer locations, equipped with high-power 350kW chargers so that EV drivers can quickly charge and get.

EVgo and Meijer Expand Fast Charging Partnership through EVgo eXtend

EVgo, Inc. provides an electric vehicle charging network and has seen a huge uptick in sales and revenue growth should continue to be impressive going forward. The company also currently enjoys a solid balance sheet. Unfortunately, sale growth is not translating into profitability. Where does this "Busted IPO" go from here? An analysis follows in the paragraphs below.

EVgo: Huge Sales Growth Not Translating Into Profitability

Blade Air Mobility

Tilray Brands

Stocks under $3 sound attractive to investors for several reasons. First, even with a small corpus, a diversified portfolio of high-risk stocks can be created.

3 Stocks Under $3 That Can Trade in Double Digits in 2024

Tritium DCFC Ltd

Despite all of the business media's frantic, recent warnings about electric-vehicle sales collapsing, the actual data tells a radically different story. Specifically, last quarter EV sales in the United States jumped 50% versus the same period a year earlier to 313,000.

3 EV Charging Stocks You'll Regret Not Buying Soon: November 2023

Hertz

Investors in electric vehicle (EV) charging company EVgo (NASDAQ: EVGO ) have been hit hard this year. Despite a rally earlier this year, shares of EVGO stock have lost around 25% of their value on a year-to-date basis.

EVGO Stock Alert: EVgo Teams Up With Hertz to Offer Special Charging Rates

ChargePoint (NASDAQ: CHPT) stock price crashed hard on Friday after the company published a weak preliminary statement. As I wrote earlier, CHPT also lost its Chief Executive and Chief Finance Officer as woes in the industry continued.

As ChargePoint (CHPT) stock plummets are EVGO and Blink good buys?

ESTERO, Fla. & LOS ANGELES--(BUSINESS WIRE)--Hertz (NASDAQ: HTZ) and EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the nation's largest public fast charging networks for electric vehicles (EVs), today announced a joint promotion to offer one year of special charging rates to drivers renting any EV model at a Hertz location across the country. Available exclusively to new EVgo customers, drivers who sign up for this promotion can save when they plug in across EVgo's nationwide netwo.

Hertz and EVgo Partner to Offer EV Renters One Year of Special Charging Rates

ACM Research

Intapp

MicroStrategy Incorporated

CarParts.com, Inc.

Sterling Construction

STRATTEC SECURITY

Investors are loading up on small-cap stocks and other growth stocks as the light at the end of the tunnel brightens. The Federal Reserve is signaling that peak rates may already have arrived.

7 Small-Cap Stocks Set to Soar as Interest Rates Stabilize

Rivian Automotive

Solid Power

The EV market is still growing at a rapid clip according to today's earnings reports. What companies haven't proven is the ability to make money long-term.

Why Electric Vehicle Stocks Jumped Today

EVgo, Inc. (NASDAQ:EVGO ) Q3 2023 Earnings Conference Call November 8, 2023 11:00 AM ET Company Participants Heather Davis - VP, IR Catherine Zoi - CEO & Director Badar Khan - Incoming CEO Olga Shevorenkova - CFO Conference Call Participants Christopher Dendrinos - RBC Capital Markets James West - Evercore ISI William Peterson - JPMorgan Chase & Co. Christopher Pierce - Needham & Company Andres Sheppard - Cantor Fitzgerald Gabriel Daoud - TD Cowen Operator Thank you for standing by. My name is Ian, and I will be your conference operator today.

EVgo, Inc. (EVGO) Q3 2023 Earnings Call Transcript

EVgo shares soared more than 22% after the provider of fast chargers for electric vehicles reported higher-than-expected revenue and a narrowing loss for the third quarter. The company said its revenue increased 234% year-over-year from $10.5 million to $35.1 million, almost $5 million ahead of Wall Street estimates of $30.22 million.

EVgo shares accelerate on 3Q earnings beat

Electric-vehicle charging network investors got some relief from an upbeat EVgo report, and a bonus update from ChargePoint.

EVs Aren't Dead Yet. EVgo Stock Jumps on Strong Results.

EVgo (NASDAQ: EVGO ) stock is rising higher on Wednesday as investors react positively to the electric vehicles (EV) charging company's Q3 2023 earnings report. One reason EVGO investors are celebrating today is the company's adjusted EPS of -9 cents.

Why Is EVgo (EVGO) Stock Up 15% Today?

EVgo (NASDAQ: EVGO ), the Los Angeles-based owner and operator of a public DC fast-charging network for electric vehicles (EVs), saw shares rise 17% on Wednesday, Nov. 8 after reporting better-than-expected results for Q3 2023. The company's quarterly revenues of $35.1 million beat Wall Street expectations of $29.7 million by 18.2%, reflecting year-over-year growth of 234%.

EVgo Inc (EVGO) Stock Surges 17% After Q3 Earnings Release

EVgo Inc.'s stock EVGO, +0.44% was up by 16.5% in premarket trading on Wednesday after the electric-vehicle charging company reported a narrower-than-expected loss and beat its revenue estimate. EVgo's third-quarter loss narrowed to $9.72 million, or 9 cents a share, from a loss of $13.22 million, or 19 cents a share in the year-ago quarter.

EVgo rallies in premarket trading after reports narrower-than-expected loss and beats revenue forecast

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (Nasdaq: EVGO) (“EVgo” or the “Company”) today announced results for the third quarter ended September 30, 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 increased to $35.1 million in the third quarter of 2023, compared to $10.5 million in the third quarter of 2022, representing 234% year-over-year growth. Revenue growth was primarily driven by year-over-y.

EVgo Inc. Reports Third Quarter 2023 Results

Blink Charging

If global governments want millions of electric vehicles on the roads, EV charging stations are a necessity. As I noted on Sept.

EV Charging: Big Opportunities for These 7 Stocks

The electric vehicle (EV) industry is going through a major slowdown as interest rates remain at an elevated level. The most recent Tesla earnings showed that the company's business was not growing as fast even after the recent price cuts.

EVGo, Blink Charging, ChargePoint stocks have plunged: buy the dip?

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 is using an innovative prefabrication approach to new station installation that is anticipated to cut average station installation time in half and save an average of 15% in station construction costs at eligible sites. With a scalable design that starts at six fast charging stalls—supporting EVgo's focus on e.

EVgo's Prefabricated Charging Infrastructure Deployment Model Expected to Cut Installation Timelines by 50% on Average

Tesla

The electric vehicle (EV) industry is giving us mixed signals. The earnings and delivery numbers throw light on the fact that manufacturing an EV is not an easy job.

3 Under-the-Radar EV Charging Stocks to Buy Now

Polestar Automotive Holding UK PLC

ChargePoint is boosting production of Tesla-compatible charging stations. This week, Tesla made a major sale of its charging hardware to a third party for the first time, which is bad news for pure-play charging station suppliers.

Why ChargePoint, EVgo, and Polestar Stocks All Plunged This Week

EVgo (NASDAQ: EVGO ) stock is falling on Wednesday after the maker of chargers for electric vehicles (EVs) was hit with a downgrade by TD Cowen. That downgrade has the firm's analysts dropping EVGO stock from an “outperform” rating to a “market perform” rating.

EVGO Stock Slips as TD Cowen Downgrades EVgo

Lithium Americas Corp

There is a famous Chichewa proverb that says; “M'mera mpoyamba.” It's literally translated as “catch them young.

3 Early-Stage Companies With Multibagger Potential

Enphase Energy

Wallbox NV

As a complement to the fast growing electric vehicle (EV) market, the EV charging market is also experiencing substantial growth. All of which should help fuel further upside for EV charging stocks.

News for EVgo Stock (EVGO)