Cantor Fitzgerald Forecasts EVgo FY2026 Earnings

EVgo, Inc. (NASDAQ:EVGO - Free Report) - Investment analysts at Cantor Fitzgerald issued their FY2026 EPS estimates for shares of EVgo in a research report issued to clients and investors on Monday, June 9th. Cantor Fitzgerald analyst A. Sheppard anticipates that the company will post earnings per share of ($0.33) for the year. Cantor Fitzgerald currently 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.

Other analysts also recently issued research reports about the company. Needham & Company LLC reiterated a "hold" rating on shares of EVgo in a research report on Wednesday, March 5th. Roth Capital reissued a "buy" rating on shares of EVgo in a report on Wednesday, May 7th. Evercore ISI lowered their price objective on shares of EVgo from $7.00 to $4.00 and set an "outperform" rating for the company in a research note on Monday, March 31st. Morgan Stanley set a $4.00 target price on shares of EVgo and gave the stock an "equal weight" rating in a report on Tuesday, June 3rd. Finally, Stifel Nicolaus cut their price target on shares of EVgo from $10.00 to $8.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, EVgo currently has a consensus rating of "Buy" and a consensus target price of $6.00.

EVgo Stock Performance

EVGO traded down $0.07 on Tuesday, hitting $4.29. 2,935,706 shares of the company were exchanged, compared to its average volume of 4,424,821. The firm has a fifty day simple moving average of $3.36 and a two-hundred day simple moving average of $3.59. The stock has a market capitalization of $1.32 billion, a PE ratio of -10.21 and a beta of 2.41. EVgo has a 12 month low of $1.95 and a 12 month high of $9.07.

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

Insider Activity

In related news, President Dennis G. Kish sold 46,785 shares of the 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 transaction, the president now directly owns 145,484 shares in the company, valued at $545,565. This trade represents a 24.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 58.79% of the company's stock.

Institutional Investors Weigh In On EVgo

A number of hedge funds and other institutional investors have recently bought and sold shares of EVGO. Vanguard Group Inc. boosted its position in shares of EVgo by 20.1% in the 4th quarter. Vanguard Group Inc. now owns 12,200,949 shares of the company's stock worth $49,414,000 after purchasing an additional 2,043,449 shares in the last quarter. JPMorgan Chase & Co. raised its stake in EVgo by 93.4% during the fourth quarter. JPMorgan Chase & Co. now owns 1,213,688 shares of the company's stock valued at $4,915,000 after buying an additional 586,108 shares during the last quarter. Quantbot Technologies LP bought a new stake in EVgo in the fourth quarter worth $523,000. J. Goldman & Co LP grew its stake in shares of EVgo by 59.9% in the fourth quarter. J. Goldman & Co LP now owns 2,221,877 shares of the company's stock worth $8,999,000 after acquiring an additional 832,397 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its stake in shares of EVgo by 175.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 4,949,622 shares of the company's stock worth $20,046,000 after acquiring an additional 3,153,073 shares during the last quarter. Hedge funds and other institutional investors own 17.44% of the company's stock.

About EVgo

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.