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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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's (EVGO) Autocharge+ enables drivers with compatible EVs to initiate the charging process without the need to open an app, swipe a credit card or tap an EVgo program card.

EVgo (EVGO) Adds Rivian's R1T and R1S Models to Autocharge+

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Rivian (NASDAQ: RIVN ) stock is in the news Tuesday as investors react to a deal with EVgo (NASDAQ: EVGO ) for access to its charging network. With this collaboration comes support for Rivian's R1T and R1S models on the EVgo network.

RIVN Stock Alert: EVgo Announces New Rivian Integration

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 Rivian Automotive's R1T and R1S models have joined the list of compatible EVs for Autocharge+, which allows EV drivers to seamlessly initiate a charging session by simply plugging in their vehicle to an EVgo fast charger. With the addition of Rivian, there are now 30 eligible vehicle models that can be enrol.

EVgo Adds Rivian to Autocharge+, Welcoming the R1S and R1T to the Growing List of Eligible Models

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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 the launch of a new collaboration with Audible, the leading creator and provider of premium audio storytelling. The companies are offering a joint promotion for a 2-month free trial of Audible Premium Plus to EVgo customers and users of PlugShare, the world's leading EV community and a part of the EVgo Inc. family. With this limited-time.

EVgo and Audible Launch Two-Month Free Trial of Audible Premium Plus for EV Drivers

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EVgo impressed stock market investors with its financial progress.

EVgo Stock Soars; Is It Too Late to Buy?

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EVgo said revenue soared more than 450% in the second quarter. The company's partnerships with a Warren Buffett-owned truck stop operator helped drive sales.

Why EVgo Stock Soared Thursday

EVgo, Inc. (NASDAQ:EVGO ) Q2 2023 Earnings Conference Call August 2, 2023 5:00 PM ET Company Participants Heather Davis - Vice President, Investor Relations Cathy Zoi - Chief Executive Officer Dennis Kish - Chief operating Officer Stephanie Lee - SVP and Interim Chief Financial Officer Conference Call Participants James West - Evercore ISI Chris Pierce - Needham Alex Vrabel - Bank of America Bill Peterson - JPMorgan Chase Craig Irwin - ROTH MKM Andres Sheppard - Cantor Fitzgerald Doug Becker - Reef Capital Group Operator Ladies and gentlemen, thank you for standing by and welcome to the EVgo, Inc. Q2 2023 Earnings Call. I would now like to turn the call over to Heather Davis, Vice President, Investor Relations.

EVgo Inc. (EVGO) Q2 2023 Earnings Call Transcript

Shares of EVgo Inc. EVGO, -2.75% jumped 12.7% after hours on Wednesday after the company, which runs a network of electric-vehicle charging stations, gave a more upbeat full-year sales outlook and reported second-quarter results that were better than expected. The company reported a net loss of $21.5 million, or 8 cents a share, contrasting with a $16.9 million profit, or 6 cents a share, in the same quarter last year.

EVgo stock rallies on better-than-expected results, upbeat outlook

EVgo's second-quarter results beat Wall Street estimates, as revenue from deals to provide chargers to other businesses surged.

EVgo revenue beats analyst expectations as private-label charging business booms

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 Board of Directors has appointed Badar Khan to succeed Cathy Zoi as Chief Executive Officer, effective on or about November 9, 2023. Zoi will retire as CEO and from the Board following an impactful career with EVgo where she oversaw a 957% increase in quarterly revenue since the Company went public in.

EVgo Announces Leadership Succession Plan

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (Nasdaq: EVGO) (“EVgo” or the “Company”) today announced results for the second quarter ended June 30, 2023. Management will host a conference call today at 5:00 p.m. ET / 2:00 p.m. PT to discuss EVgo's results and other business highlights. Revenue increased to $50.6 million in the second quarter of 2023, compared to $9.1 million in the second quarter of 2022, representing 457% year-over-year growth. Revenue growth was primarily driven by year-over-year.

EVgo Inc. Reports Record Second Quarter 2023 Results

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 General Motors (GM) have surpassed 1,000 fast charging stalls as part of their longstanding collaboration to expand fast charging infrastructure. First announced in 2020 and expanded upon in 2021, the collaboration will lead to the development and installation of 3,250 DC fast charging stalls in major metro markets. To date,.

EVgo and General Motors Open 1,000th DC Fast Charging Stall as Part of Metropolitan Charging Collaboration

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), announced the launch of “Charge Talk,” a new video series dedicated to educating current and prospective EV drivers on the latest hot topics and frequently asked questions related to EV charging. The first three episodes are available online, with new episodes from the first installment of the series to be released each month. T.

EVgo Introduces “Charge Talk” Video Series to Answer Current and Future EV Drivers' Biggest Questions on EV Charging

The last 12 to 18 months have not been good for EV charging stocks. The bear market comes after a euphoric rally in 2020.

News for EVgo Stock (EVGO)