EVgo, Inc. (EVGO)
NASDAQ (NGS) NASDAQ (NGS) Primary 
EVgo: An Overlooked Play On The Debottlenecking Of EV Value Chain With 150% Upside
The DOE Loan fueled a ~40% higher stall growth in the next 5 years at a low cost, yet the impact is not priced in at the current levels. A clear and attainable catalyst path outlined by the management team will serve as medium term tailwinds for the business and its share prices. Reiterating Adjusted EBITDA breakeven guidance in 2025 will be the focus of Q4'24 earning calls.
EVgo Gets First Disbursement From $1.25B Loan Guaranteed by DOE
EVGO secures its first $75 million disbursement from a $1.25 billion guaranteed loan provided by the U.S. DOE Loan Programs Office to expand EV charging infrastructure.
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.
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.
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.
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.
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.
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.
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.
EVgo secures $1.25 billion loan amid Biden's rush to approve clean energy loans
Electric vehicle charging startup EVgo is the latest company to secure funds from the U.S. Department of Energy as the Biden administration races to approve clean energy loans before Donald Trump takes over.
EVgo Secures $1.25B Loan to Build Fast-Charging Stalls Across US
EVGO finalizes a $1.25 billion guaranteed loan from the U.S. Department of Energy to support the construction of 7,500 new fast-charging stalls across the country.
EVgo Gets DOE Loan To Triple Network Without Issuing Shares; Stock Eyes Buy Point
EVgo stock jumped near a buy point after finalizing a Department of Energy loan that will finance construction of 7,500 EV charging stalls. The post EVgo Gets DOE Loan To Triple Network Without Issuing Shares; Stock Eyes Buy Point appeared first on Investor's Business Daily.
