EVgo
EVGO

$3.94

6.22%

Market Cap: $421M

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 6,686 funds

0

Analysts bullish %

of 9 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

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Research analyst outlook

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

Low target

$4

2%

upside

Avg. target

$4.67

18%

upside

High target

$6

52%

upside

9 analyst ratings

8 positive

89%

1 neutral

11%

0 negative

0%

Cantor Fitzgerald Andres Sheppard 43% 1-year accuracy 53 / 124 met price target	27%upside $5	Overweight Reiterated	3 Sept 2024
Cantor Fitzgerald Andres Sheppard 43% 1-year accuracy 53 / 124 met price target	27%upside $5	Overweight Reiterated	19 Aug 2024
Stifel Stephen Gengaro 55% 1-year accuracy 22 / 40 met price target	52%upside $6	Buy Maintained	6 Aug 2024
Cantor Fitzgerald Andres Sheppard 43% 1-year accuracy 53 / 124 met price target	27%upside $5	Overweight Maintained	2 Aug 2024
Cantor Fitzgerald Andres Sheppard 43% 1-year accuracy 53 / 124 met price target	2%upside $4	Overweight Reiterated	22 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 7 articles about EVGO published over the past 30 days

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

EVgo Announces Major Network Enhancements Across Nationwide Fast Charging Network

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 several significant network enhancements through EVgo ReNew™, the Company's comprehensive program created to elevate the customer experience. In addition to network advances, EVgo has debuted the Canary Model™, a powerful performance monitoring tool designed to automatically identify and analyze patterns and supp.

EVgo Announces Major Network Enhancements Across Nationwide Fast Charging Network

3 EV Charging Stocks to Buy on the Dip: August 2024

It has been a catastrophic period for Electric Vehicle (EV) charging stocks. For one, the Global X Autonomous & Electric Vehicles ETF (NASDAQ: DRIV ) and the Global X Lithium & Battery Tech ETF (NYSEARCA: LIT ) have both shed asymmetrical value in the past month, showing the systematic headwinds baked into the EV market.

3 EV Charging Stocks to Buy on the Dip: August 2024

3 EV Charging Stocks to Buy Before EBITDA Breakeven Is Achieved

The electric vehicle industry is experiencing challenging times. Macroeconomic headwinds have impacted growth, and intense competition has translated into margin compression.

3 EV Charging Stocks to Buy Before EBITDA Breakeven Is Achieved

3 Earnings Season Winners to Buy on Strength: Q2 Edition

The U.S. stock market is currently in the midst of a correction, primarily due to a lower-than-expected increase in jobs last month and some high-profile earnings misses. But on Aug. 2, FactSet reported that 78% of the S&P 500 firms that had delivered their quarterly financial results had generated earnings per share that were above analysts' average estimates.

3 Earnings Season Winners to Buy on Strength: Q2 Edition

Q3's Rising Stars: 3 EV Charging Stocks for Your Must-Watch List

This has not been a great year for the electric vehicle industry. But despite a slowdown in the global electric vehicle industry in 2024, S&P Global expects the general trend to progress upwards.

Q3's Rising Stars: 3 EV Charging Stocks for Your Must-Watch List

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