EVgo, Inc. (EVGO)
NASDAQ (NGS) NASDAQ (NGS) Primary Summary
EVgo (EVGO) Upgraded to Buy: Here's Why
EVgo (EVGO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
After Plunging 30.3% in 4 Weeks, Here's Why the Trend Might Reverse for EVgo (EVGO)
The heavy selling pressure might have exhausted for EVgo (EVGO) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
EVgo: Finally Looking To Charge Higher
EVgo is becoming an attractive investment as it shifts focus to EV charging stall utilization and approaches adjusted EBITDA profitability. The company reported Q3'25 revenues grew 37% YoY to $92 million, with improved gross margins and reduced adjusted EBITDA losses, highlighting operational leverage from higher utilization. EVGO targets tripling revenues to $1.24 billion and reaching $0.5 billion in adjusted EBITDA by 2029, though consensus analyst estimates remain more conservative.
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EVgo, Inc. Profile
| Specialty Retail Industry | Consumer Discretionary Sector | Badar Khan CEO | NASDAQ (NGS) Exchange | 30052F100 CUSIP |
| US Country | 329 Employees | - Last Dividend | - Last Split | 20 Nov 2020 IPO Date |
Overview
EVgo, Inc. represents a pivotal force in the United States’ electric vehicle (EV) sector, owning and operating a premier network of direct current fast charging stations. Utilizing cutting-edge technology, EVgo facilitates the direct delivery of electricity to EV drivers, ensuring their vehicles are powered quickly and efficiently. Founded in 2010 and headquartered in Los Angeles, California, the company underscores the growing shift towards sustainable transportation. Operating as a subsidiary of LS Power Development, LLC, EVgo’s comprehensive service offerings and innovative solutions position it as a key player in the development of infrastructure necessary for the EV ecosystem's expansion.
Products and Services
EVgo’s comprehensive suite of products and services caters to a wide array of customer needs within the electric vehicle charging domain. Their offerings are designed not only to enhance the EV charging experience but also to support the infrastructure development for a sustainable electric mobility future.
- Electricity Supply for EV Drivers: EVgo provides direct electricity supply to EV drivers through its extensive network of publicly available, networked charging stations, ensuring drivers have reliable and fast charging options.
- OEM Charging and Related Services: The company partners with original equipment manufacturers (OEMs) to offer tailored charging solutions and associated services, facilitating a seamless integration of EVs into the automotive market.
- Fleet and Rideshare Public Charging Services: Understanding the unique needs of fleet operators and rideshare companies, EVgo offers specialized public charging solutions to support their operations efficiently.
- Charging as a Service and Fleet Dedicated Charging Services: To further accommodate the business sector, EVgo provides comprehensive charging services including dedicated charging solutions tailored for fleet operations.
- Ancillary Services: Addressing the broader requirements of its customer base, EVgo’s ancillary services range from custom digital applications, integration of charging data, loyalty programs, microtargeted advertising, and charging reservations to accessibility solutions such as access to chargers behind parking lot or garage pay gates.
- Hardware, Design, and Construction for Charging Sites: EVgo supports clients from conception to completion by offering hardware procurement, site design, and construction services to establish charging stations, coupled with ongoing operations, maintenance, and networking software integration solutions through its eXtend platform.
- PlugShare Services: Leveraging the PlugShare platform, EVgo extends a variety of services including data and research analytics, targeted advertising, as well as equipment procurement and operational services, enriching the EV charging ecosystem.
Contact Information
