EVgo (EVGO)

• Market cap: $378M
• 1 day: 0.35%
• 5 days: 8.43%
• 1 month: 6.39%
• 3 months: -16.27%
• 6 months: -66.19%
• Year to date: -32.46%
• 1 year: 54.64%
• 5 years: -71.15%
• 10 years: -71.15%
• Sector: Consumer Discretionary
• Industry: Specialty Retail

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: 331

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

148% more first-time investments, than exits

New positions opened: 67 | Existing positions closed: 27

71% more capital invested

Capital invested by funds: $225M [Q3] → $385M (+$160M) [Q4]

57% more repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 44

52% more call options, than puts

Call options by funds: $21.9M | Put options by funds: $14.3M

19.79% more ownership

Funds ownership: 51.3% [Q3] → 71.09% (+19.79%) [Q4]

19% more funds holding

Funds holding: 186 [Q3] → 222 (+36) [Q4]

Research analyst outlook

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

• Low target: $4 41% upside
• Avg. target: $6.25 121% upside
• High target: $8 183% upside

4 analyst ratings

• positive: 4 100%
• neutral: 0 0%
• negative: 0 0%

Evercore ISI Group James West 29% 1-year accuracy 8 / 28 met price target	41% upside $4	Outperform Maintained	31 Mar 2025
JP Morgan Bill Peterson 47% 1-year accuracy 17 / 36 met price target	77% upside $5	Overweight Maintained	12 Mar 2025
Stifel Stephen Gengaro 41% 1-year accuracy 43 / 104 met price target	183% upside $8	Buy Maintained	6 Mar 2025
Cantor Fitzgerald Andres Sheppard 65% 1-year accuracy 93 / 143 met price target	183% upside $8	Overweight Reiterated	5 Mar 2025