EVgo Inc. (NASDAQ:EVGO) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Consensus "Moderate Buy": Eleven analysts rate EVgo a "Moderate Buy" (7 buys, 3 holds, 1 sell) with an average 12‑month price target of about $5.32.
• Q4 results showed improving fundamentals—EPS of ($0.04) beat estimates and revenue rose to $118.47M, up 75.5% year‑over‑year—though analysts still model a full‑year EPS around (‑0.45).
• Shares trade very cheaply (opened at $1.72, 52‑week range $1.69–$5.18; market cap ~$539M) while several brokers recently trimmed price targets, reflecting mixed analyst views despite the revenue growth.

Shares of EVgo Inc. (NASDAQ:EVGO - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eleven analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $5.3167.

Several analysts have issued reports on EVGO shares. JPMorgan Chase & Co. reissued a "neutral" rating on shares of EVgo in a research note on Wednesday. Weiss Ratings reiterated a "sell (d-)" rating on shares of EVgo in a report on Thursday, January 22nd. Royal Bank Of Canada dropped their price target on EVgo from $7.00 to $4.50 and set an "outperform" rating on the stock in a research report on Wednesday, March 4th. Cantor Fitzgerald reduced their price objective on EVgo from $7.00 to $6.00 and set an "overweight" rating for the company in a research note on Wednesday, March 4th. Finally, Stifel Nicolaus decreased their price objective on EVgo from $7.50 to $7.00 and set a "buy" rating for the company in a research report on Wednesday, March 4th.

EVgo Price Performance

Shares of EVGO opened at $1.72 on Friday. The company has a 50-day moving average of $2.64 and a two-hundred day moving average of $3.32. The stock has a market cap of $538.50 million, a price-to-earnings ratio of -5.38 and a beta of 2.63. EVgo has a one year low of $1.69 and a one year high of $5.18.

EVgo (NASDAQ:EVGO - Get Free Report) last released its quarterly earnings results on Tuesday, March 3rd. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.14) by $0.10. The firm had revenue of $118.47 million for the quarter. EVgo's revenue for the quarter was up 75.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.11) EPS. Analysts anticipate that EVgo will post -0.45 earnings per share for the current year.

Institutional Trading of EVgo

Institutional investors have recently bought and sold shares of the company. Quarry LP increased its position in EVgo by 145.0% in the 4th quarter. Quarry LP now owns 9,307 shares of the company's stock worth $27,000 after purchasing an additional 5,508 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of EVgo during the 4th quarter valued at about $27,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of EVgo by 4,903.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 9,856 shares of the company's stock valued at $29,000 after buying an additional 9,659 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of EVgo in the 4th quarter valued at approximately $32,000. Finally, Fullerton Advisors LLC bought a new stake in shares of EVgo in the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 17.44% of the company's stock.

EVgo Company Profile

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.

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