Caisse DE Depot ET Placement DU Quebec Makes New Investment in EVgo, Inc. (NASDAQ:EVGO)

Caisse DE Depot ET Placement DU Quebec bought a new position in shares of EVgo, Inc. (NASDAQ:EVGO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 394,793 shares of the company's stock, valued at approximately $1,599,000. Caisse DE Depot ET Placement DU Quebec owned about 0.13% of EVgo at the end of the most recent quarter.

Several other large investors also recently modified their holdings of EVGO. Mariner LLC acquired a new position in EVgo in the 4th quarter valued at about $48,000. SCP Investment LP acquired a new position in shares of EVgo in the fourth quarter valued at approximately $60,000. Clear Harbor Asset Management LLC bought a new position in shares of EVgo during the fourth quarter worth approximately $72,000. Polymer Capital Management US LLC acquired a new stake in EVgo during the 4th quarter worth approximately $73,000. Finally, Raymond James Financial Inc. bought a new stake in EVgo in the 4th quarter valued at $80,000. 17.44% of the stock is owned by institutional investors.

EVgo Stock Down 4.4 %

Shares of EVGO traded down $0.17 during midday trading on Friday, hitting $3.66. The company's stock had a trading volume of 5,720,901 shares, compared to its average volume of 4,354,259. EVgo, Inc. has a one year low of $1.80 and a one year high of $9.07. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of -8.71 and a beta of 2.27. The company's fifty day simple moving average is $2.71 and its two-hundred day simple moving average is $4.05.

EVgo (NASDAQ:EVGO - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.02. The company had revenue of $75.29 million during the quarter, compared to the consensus estimate of $70.11 million. EVgo's revenue for the quarter was up 36.4% on a year-over-year basis. During the same period in the previous year, the company earned ($0.09) EPS. On average, research analysts predict that EVgo, Inc. will post -0.45 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on EVGO shares. Stifel Nicolaus dropped their target price on EVgo from $10.00 to $8.00 and set a "buy" rating for the company in a report on Thursday, March 6th. JPMorgan Chase & Co. restated an "overweight" rating on shares of EVgo in a research report on Thursday. Roth Capital reiterated a "buy" rating on shares of EVgo in a research report on Wednesday. UBS Group cut their price target on EVgo from $8.00 to $5.00 and set a "buy" rating for the company in a research note on Monday, January 27th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $8.00 price objective on shares of EVgo in a research note on Wednesday, March 5th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, EVgo currently has an average rating of "Buy" and a consensus price target of $6.25.

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.