Research Analysts Issue Forecasts for EVgo FY2026 Earnings

EVgo, Inc. (NASDAQ:EVGO - Free Report) - Cantor Fitzgerald issued their FY2026 earnings per share estimates for shares of EVgo in a report released on Monday, June 9th. Cantor Fitzgerald analyst A. Sheppard expects that the company will post earnings per share of ($0.33) for the year. Cantor Fitzgerald has a "Overweight" rating and a $8.00 price target on the stock. The consensus estimate for EVgo's current full-year earnings is ($0.45) per share.

EVgo (NASDAQ:EVGO - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.02. The company had revenue of $75.29 million for the quarter, compared to analysts' expectations of $70.11 million. During the same period in the previous year, the firm earned ($0.09) earnings per share. The firm's revenue for the quarter was up 36.4% on a year-over-year basis.

A number of other research firms also recently issued reports on EVGO. Morgan Stanley set a $4.00 price target on EVgo and gave the company an "equal weight" rating in a research note on Tuesday, June 3rd. Roth Capital restated a "buy" rating on shares of EVgo in a research report on Wednesday, May 7th. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of EVgo in a report on Thursday, May 8th. Evercore ISI dropped their price target on shares of EVgo from $7.00 to $4.00 and set an "outperform" rating on the stock in a research note on Monday, March 31st. Finally, Needham & Company LLC restated a "hold" rating on shares of EVgo in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, EVgo currently has a consensus rating of "Buy" and a consensus price target of $6.00.

EVgo Price Performance

Shares of EVGO traded up $0.03 during trading hours on Tuesday, hitting $4.19. The stock had a trading volume of 1,236,886 shares, compared to its average volume of 4,415,413. EVgo has a 12 month low of $1.95 and a 12 month high of $9.07. The stock has a fifty day moving average price of $3.26 and a 200 day moving average price of $3.62. The firm has a market capitalization of $1.29 billion, a PE ratio of -9.98 and a beta of 2.41.

Insider Buying and Selling at EVgo

In other news, President Dennis G. Kish sold 46,785 shares of the firm's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $3.75, for a total value of $175,443.75. Following the completion of the sale, the president now owns 145,484 shares in the company, valued at approximately $545,565. This trade represents a 24.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 58.79% of the company's stock.

Institutional Investors Weigh In On EVgo

Several hedge funds and other institutional investors have recently modified their holdings of the business. Rhumbline Advisers lifted its stake in EVgo by 2.5% in the first quarter. Rhumbline Advisers now owns 152,281 shares of the company's stock worth $405,000 after acquiring an additional 3,740 shares during the period. Millennium Management LLC boosted its stake in shares of EVgo by 25.9% during the first quarter. Millennium Management LLC now owns 5,819,392 shares of the company's stock valued at $15,480,000 after purchasing an additional 1,195,470 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of EVgo by 31.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 83,339 shares of the company's stock worth $222,000 after acquiring an additional 19,883 shares in the last quarter. Corigliano Investment Advisers LLC lifted its position in shares of EVgo by 200.0% during the first quarter. Corigliano Investment Advisers LLC now owns 75,000 shares of the company's stock valued at $200,000 after buying an additional 50,000 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of EVgo by 1,188.1% during the first quarter. AQR Capital Management LLC now owns 494,598 shares of the company's stock worth $1,316,000 after acquiring an additional 456,201 shares during the last quarter. 17.44% of the stock is currently owned by hedge funds and other institutional investors.

EVgo Company Profile

EVgo, Inc owns and operates a direct current fast charging network for electric vehicles (EVs) in the United States. The company offers electricity directly to drivers, who access its publicly available networked chargers; original equipment manufacturer charging and related services; fleet and rideshare public charging services; and charging as a service and fleet dedicated charging services.