EVgo, Inc. (EVGO)
NASDAQ (NGS) NASDAQ (NGS) Primary 
EVgo Vs. ChargePoint: Analyst Verdict On Which Stock Leads The EV Charging Race?
When it comes to electric vehicle (EV) charging stocks, EVgo Inc EVGO is set to outperform. ChargePoint Holdings Inc CHPT, however, struggles to maintain momentum.
Why EVgo Stock Was Soaring Nearly 50% Thursday
Two news items has EVgo stock soaring today.
EVgo Stock Charges Up After Bull Note
EVgo Inc (NASDAQ:EVGO) stock is 33.8% higher premarket, looking to open at $5.26 after a bull note from J.P.
EVGo Stock Is Soaring. Charging Stocks Aren't All Alike.
J.P. Morgan analyst Bill Peterson upgraded EVgo stock to Buy, and downgraded ChargePoint stock to Sell.
US offers EVgo conditional $1.05 billion loan for EV chargers
The United States on Thursday offered EVgo a conditional loan guarantee of up to $1.05 billion to expand public electric vehicle-charging infrastructure across the country, some of which in marginalized urban communities.
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.
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.
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: 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.
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.
EVgo, Inc. (EVGO) Q2 2024 Earnings Call Transcript
EVgo, Inc. (NASDAQ:EVGO ) Q2 2024 Earnings Conference Call August 1, 2024 11:00 AM ET Company Participants Heather Davis - VP, IR Badar Khan - CEO Stephanie Lee - CFO Conference Call Participants Chris Dendrinos - RBC Capital Markets Bill Peterson - JPMorgan Craig Irwin - Roth Capital Partners William Griffin - UBS Chris Pierce - Needham & Company Andres Sheppard - Cantor Fitzgerald Operator Thank you for standing by and welcome to the EVgo Second Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise.
EVgo Inc. (EVGO) Reports Q2 Loss, Tops Revenue Estimates
EVgo Inc. (EVGO) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.08 per share a year ago.
