EVgoEVGO
EVGO
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 to locate and deploy its EV charging infrastructure.
Employees: 295
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
99% more capital invested
Capital invested by funds: $113M [Q2] → $225M (+$112M) [Q3]
68% more call options, than puts
Call options by funds: $8.49M | Put options by funds: $5.07M
45% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 22
21% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 42
7.47% more ownership
Funds ownership: 43.82% [Q2] → 51.3% (+7.47%) [Q3]
6% more funds holding
Funds holding: 175 [Q2] → 185 (+10) [Q3]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$5
15%
upside
Avg. target
$7.58
74%
upside
High target
$10
129%
upside
6 analyst ratings
6 positive
100%
0 neutral
0%
0 negative
0%
JP Morgan Bill Peterson 38% 1-year accuracy 10 / 26 met price target | 61%upside $7 | Overweight Maintained | 20 Dec 2024 |
Stifel Stephen Gengaro 50% 1-year accuracy 41 / 82 met price target | 129%upside $10 | Buy Maintained | 30 Oct 2024 |
UBS William Grippin 25% 1-year accuracy 3 / 12 met price target | 95%upside $8.50 | Buy Upgraded | 10 Oct 2024 |
RBC Capital Chris Dendrinos 48% 1-year accuracy 10 / 21 met price target | 83%upside $8 | Outperform Maintained | 9 Oct 2024 |
TD Cowen Gabe Daoud 13% 1-year accuracy 1 / 8 met price target | 61%upside $7 | Buy Upgraded | 4 Oct 2024 |
Financial journalist opinion
Based on 25 articles about EVGO published over the past 30 days
Positive
The Motley Fool
1 day ago
EVgo Stock: Buy, Sell, or Hold?
EVgo (EVGO 1.87%), a leading builder of EV charging networks, went public in July 2021 by merging with a special purpose acquisition company (SPAC). The combined company's stock opened at $15.05 on its first day, but it now trades at about $4.
Negative
The Motley Fool
1 day ago
Why EVgo Stock Plunged This Week
Shares of electric vehicle (EV) charging company EVgo (EVGO -4.04%) fell as much as 30.4% in trading this week, according to data provided by S&P Global Market Intelligence, after an insider sold 23 million shares for $5 apiece.
Negative
The Motley Fool
4 days ago
Why EVgo Stock Crashed 27% Today
EVGo (EVGO -29.51%) stock tumbled 27% through 10:05 a.m. ET Tuesday after the operator of charging stations for electric vehicles announced last night that EVgo Holdings, LLC, will sell at least 23 million new shares of common stock (and perhaps as many as 26.5 million) in a secondary offering.
Negative
Investopedia
4 days ago
EVgo Stock Plummets as Biggest Investor Sells 23M Shares
Shares of EVgo (EVGO) shorted out when the electric vehicle (EV) charging station operator announced a secondary public offering of its stock by its largest investor.
Negative
Benzinga
4 days ago
Mama's Creations Posts Weak Earnings, Joins EVgo, Red Cat Holdings And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
U.S. stock futures were lower this morning, with the Dow futures falling around 150 points on Tuesday.
Neutral
Business Wire
4 days ago
EVgo Inc. Announces Pricing of Secondary Offering of Class A Common Stock
LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”) announced today the pricing of the previously announced underwritten public secondary offering by EVgo Holdings, LLC, an affiliate of LS Power Equity Partners IV, L.P. (“LS Power”), of 23,000,000 shares of Class A common stock, par value $0.0001 per share (the “Class A Shares”), of the Company, at a public offering price of $5.00 per share. LS Power has granted the underwriters a 30-day option to purchase up to an.
Neutral
Business Wire
5 days ago
EVgo Inc. Announces Secondary Offering of Class A Common Stock
LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”) announced today that EVgo Holdings, LLC, an affiliate of LS Power Equity Partners IV, L.P. (“LS Power”), intends to offer for sale in an underwritten public secondary offering 23,000,000 shares of Class A common stock, par value $0.0001 per share (the “Class A Shares”) of the Company. LS Power expects to grant the underwriters a 30-day option to purchase up to an additional 3,450,000 Class A Shares at the public of.
Positive
Seeking Alpha
1 week ago
Buy EVgo On Approved DoE Loan Unlocking New Revenue Growth
EVgo's path to EBITDA breakeven by late 2025 is significantly strengthened by approval of the $1.25 DoE loan with favorable terms. The company faces significant cash burn but has seen revenue grow 10x since 2021, supported by rising EV adoption and ride-share electrification. EVgo's future profitability hinges on increasing throughput and utilization, with a fair valuation at $7 today and potential long-term value at $29 by 2035.
Positive
Investopedia
1 week ago
EVgo Investors Get 'Holiday Gift' As Company Closes $1.25 Billion DOE Loan
EVgo (EVGO) shares went on a roller coaster ride Friday after the electric vehicle charging station maker received $1.25 billion in loan guarantees from the federal government to build more chargers.
Neutral
Accesswire
1 week ago
Tortoise Capital Announces Index Updates for Fourth Quarter 2024
OVERLAND PARK, KS / ACCESSWIRE / December 13, 2024 / Tortoise Capital today announced upcoming additions and deletions to its indices as part of its regular quarterly rebalancing for the fourth quarter of 2024. Following the close of trading on Friday, Dec. 20, 2024, the indices will be rebalanced according to their stated methodologies and as a result, the following changes will become effective.
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