EVgo
EVGO

$4.35

1.47%

Market Cap: $464M

About: EVgo owns and operates a public direct current fast-charging network in the us. Its network of charging stations provides electric vehicle charging infrastructure to consumers and businesses. The network is capable of charging all EV models and meets all charging standards currently available in the us. EVgo partners with national and regional chains of grocery stores, automotive original equipment manufacturers, hotels, shopping centers, gas stations, parking lot operators, local governments and independent property owners in order to locate and deploy its EV charging infrastructure.

Employees: 295

Consumer Discretionary Automotive Repair, Services & Parking

0

Funds holding %

of 6,710 funds

0

Analysts bullish %

of 10 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

119% more call options, than puts

Call options by funds: $2.46M | Put options by funds: $1.12M

1.44% more ownership

Funds ownership: 41.97% [Q1] → 43.4% (+1.44%) [Q2]

4% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 46

2% more capital invested

Capital invested by funds: $111M [Q1] → $112M (+$1.69M) [Q2]

2% less funds holding

Funds holding: 177 [Q1] → 173 (-4) [Q2]

13% less first-time investments, than exits

New positions opened: 28 | Existing positions closed: 32

See Fund Rankings

Research analyst outlook

10 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$4

8%

downside

Avg. target

$4.70

8%

upside

High target

$6

38%

upside

10 analyst ratings

9 positive

90%

1 neutral

10%

0 negative

0%

Cantor Fitzgerald Andres Sheppard 25% 1-year accuracy 6 / 24 met price target	15%upside $5	Overweight Reiterated	9 Sept 2024
Cantor Fitzgerald Andres Sheppard 25% 1-year accuracy 6 / 24 met price target	15%upside $5	Overweight Reiterated	3 Sept 2024
Cantor Fitzgerald Andres Sheppard 25% 1-year accuracy 6 / 24 met price target	15%upside $5	Overweight Reiterated	19 Aug 2024
Stifel Stephen Gengaro 71% 1-year accuracy 12 / 17 met price target	38%upside $6	Buy Maintained	6 Aug 2024
Cantor Fitzgerald Andres Sheppard 25% 1-year accuracy 6 / 24 met price target	15%upside $5	Overweight Maintained	2 Aug 2024

See Analyst Rankings

Financial journalist opinion

Based on 5 articles about EVGO published over the past 30 days

EVgo Appoints Paul Dobson Chief Financial Officer

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 Paul Dobson as Chief Financial Officer (CFO), effective October 1, 2024. Dobson has more than 30 years of professional experience in finance and operations roles – including in the energy sector, most recently serving as CFO of Ballard Power Solutions, a global provider of innovative clean ener.

EVgo Appoints Paul Dobson Chief Financial Officer

EVgo stock price analysis: risk/reward is very attractive

EVgo (EVGO) stock price has staged a strong comeback in the past few months as other electric vehicle companies and EV charging companies like Blink Charging and ChargePoint plunged. It rose to a high of $4.77 this week, its highest point since August 2023 and 192% from its lowest point this year.

EVgo stock price analysis: risk/reward is very attractive

Zacks Investment Research

General Motors & EVgo to Install 400 Fast Charging Stations Across US

GM & EVgo deepen ties to install 400 fast charging stations in major U.S. cities to meet the growing need for reliable EV charging infrastructure.

General Motors & EVgo to Install 400 Fast Charging Stations Across US

EVgo and GM Take Charging to the Next Level with New Flagship Destinations Set to Optimize the Charging Experience

LOS ANGELES--(BUSINESS WIRE)--After years of collaborating to increase public charging access, EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the nation's largest public fast charging networks, and General Motors (“GM”) today announced that they are expanding upon their work together and taking charging to the next level by deploying 400 fast charging stalls at flagship destinations in major metropolitan areas across the U.S. With features such as 350kW fast chargers, ample lighting.

EVgo and GM Take Charging to the Next Level with New Flagship Destinations Set to Optimize the Charging Experience

EVgo CEO to Host Public Virtual Town Hall on October 2 at 8:30AM ET

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 Badar Khan, EVgo's Chief Executive Officer, will be hosting a public virtual town hall on Wednesday, October 2, 2024 at 8:30AM ET. Mr. Khan will answer questions from current and prospective EVgo shareholders about the business, the future of the EV industry, the Company's strategy for shareholder value gen.

EVgo CEO to Host Public Virtual Town Hall on October 2 at 8:30AM ET

Here's why EVGo stock is beating Blink Charging and ChargePoint

Electric Vehicle (EV) stocks have largely diverged this year, with Blink Charging (BLNK) and ChargePoint (CHPT) falling by over 46% and 20.5% this year while EVGo (EVGO) has risen by more than 25%.

Here's why EVGo stock is beating Blink Charging and ChargePoint

Rapidly Growing EVgo Is A Strong Buy

EVgo's Q2 results show rapid growth, with charging network revenue up 146% YOY and overall sales up 32% YOY. The firm's charging network margin increased to 34.2%, indicating growing profitability and a positive trajectory towards adjusted EBITDA turning breakeven in 2025. Rising demand from rideshare and autonomous vehicle sectors, along with the deployment of NACS connectors, are key growth catalysts for EVgo.

Rapidly Growing EVgo Is A Strong Buy

EVgo: Struggles To Revitalize Its Profitability Despite Growing Charging Infrastructure Revenue

EVgo shows impressive revenue growth and network expansion, but profitability remains elusive. The company faces challenges in charging infrastructure costs and stiff competition from established players like Tesla and ChargePoint. The EV charging market's growth is tied to overall EV adoption, which is currently experiencing a slowdown. EVgo's future success depends on overcoming infrastructure installation costs and navigating economic uncertainties. Despite strong sales, EVgo's valuation remains high compared to peers. With a target price of $4.2-$4.4 per share, reflecting current levels, the stock is rated as a Hold pending future.

EVgo: Struggles To Revitalize Its Profitability Despite Growing Charging Infrastructure Revenue

EVgo: Attractive Way To Invest In The EV Industry

EVgo is recommended as a buy rating for investors looking to benefit from the long-term growth of electric vehicles without choosing a specific OEM. EVGO operates a DCFC network across the US, with strong revenue performance and growth potential, driven by structural share gains and ridesharing services. Management's revenue target of $640 million in 3 to 5 years seems achievable, with a potential upside of 17% based on conservative valuation assumptions.

EVgo: Attractive Way To Invest In The EV Industry

The Motley Fool

Prediction: These Could Be the Best-Performing EV Stocks Through 2030

EVgo is posting strong growth and recruiting high-end talent. QuantumScape's solid-state batteries could be game changing.

Prediction: These Could Be the Best-Performing EV Stocks Through 2030

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