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NASDAQ:EVGO

EVgo 5/7/2024 Earnings Report

EVgo logo
$3.81 -0.03 (-0.78%)
As of 09:58 AM Eastern

EVgo EPS Results

Actual EPS
-$0.09
Consensus EPS
-$0.11
Beat/Miss
Beat by +$0.02
One Year Ago EPS
-$0.09

EVgo Revenue Results

Actual Revenue
$55.16 million
Expected Revenue
$52.41 million
Beat/Miss
Beat by +$2.75 million
YoY Revenue Growth
+118.00%

EVgo Announcement Details

Quarter
Time
Before Market Opens
Conference Call Date
N/A
Conference Call Time
N/A

Conference Call Resources

EVgo Earnings Headlines

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Why EVgo Stock Blasted 10% Higher This Week
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About EVgo

EVgo (NASDAQ:EVGO) operates one of the largest public electric vehicle (EV) fast-charging networks in the United States, delivering direct current (DC) fast charging and Level 2 charging services to passenger vehicles and commercial fleets. The company’s charging stations are strategically located in urban centers, suburban shopping areas, workplace parking facilities, and along major highway corridors, enabling convenient access for EV drivers and promoting long-distance travel.

The company offers a suite of charging solutions, including subscription plans, pay-per-use options, and fleet charging services tailored to the needs of ride-hailing, delivery, and corporate vehicle fleets. Customers can locate and initiate charging sessions through a mobile app, RFID cards, or third-party network integrations. EVgo also partners with automakers, municipalities, retail operators, and energy providers to expand charging access and integrate renewable energy sources.

Founded initially as NRG eVgo in 2010 under the umbrella of NRG Energy, EVgo became an independent entity following a sale to Vision Ridge Partners in 2018. In 2021, the company merged with a special purpose acquisition company (SPAC) to gain a public listing under the ticker EVGO on the Nasdaq exchange. This move helped accelerate network expansion and fund infrastructure upgrades, including bidirectional charging and grid-support capabilities.

Headquartered in Los Angeles, EVgo’s network extends across more than 30 states in major metropolitan areas from coast to coast. The company is led by CEO Cathy Zoi, who joined in 2021 with a background in clean energy technology and government policy. Under her leadership, EVgo continues to pursue partnerships and technological innovations aimed at making electric vehicle charging more accessible, reliable, and sustainable for a growing customer base.

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