What is Roth Capital's Estimate for EVgo FY2025 Earnings?

EVgo, Inc. (NASDAQ:EVGO - Free Report) - Research analysts at Roth Capital lowered their FY2025 earnings per share (EPS) estimates for shares of EVgo in a note issued to investors on Wednesday, May 7th. Roth Capital analyst C. Irwin now forecasts that the company will post earnings per share of ($0.32) for the year, down from their prior forecast of ($0.28). Roth Capital has a "Buy" rating 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 earnings results on Tuesday, May 6th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.02. The business had revenue of $75.29 million for the quarter, compared to analysts' expectations of $70.11 million. During the same quarter last year, the company posted ($0.09) earnings per share. The business's quarterly revenue was up 36.4% compared to the same quarter last year.

EVGO has been the topic of several other research reports. Evercore ISI cut their price objective on EVgo from $7.00 to $4.00 and set an "outperform" rating on the stock in a research note on Monday, March 31st. Needham & Company LLC reiterated a "hold" rating on shares of EVgo in a report on Wednesday, March 5th. JPMorgan Chase & Co. restated an "overweight" rating on shares of EVgo in a research note on Thursday, May 8th. Stifel Nicolaus lowered their target price on shares of EVgo from $10.00 to $8.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. Finally, UBS Group dropped their target price on shares of EVgo from $8.00 to $5.00 and set a "buy" rating on the stock in a report on Monday, January 27th. One analyst has rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $6.25.

EVgo Stock Performance

Shares of EVGO stock traded up $0.41 during trading hours on Monday, hitting $4.05. 10,250,120 shares of the company were exchanged, compared to its average volume of 4,422,376. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of -9.64 and a beta of 2.27. EVgo has a one year low of $1.92 and a one year high of $9.07. The business's 50-day simple moving average is $2.76 and its two-hundred day simple moving average is $3.98.

Institutional Trading of EVgo

Hedge funds have recently bought and sold shares of the company. Corebridge Financial Inc. grew its position in EVgo by 21.3% in the 1st quarter. Corebridge Financial Inc. now owns 60,748 shares of the company's stock worth $162,000 after purchasing an additional 10,674 shares during the last quarter. MetLife Investment Management LLC grew its holdings in EVgo by 39.1% in the 1st quarter. MetLife Investment Management LLC now owns 75,907 shares of the company's stock worth $202,000 after buying an additional 21,346 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in EVgo in the 1st quarter valued at approximately $38,000. HITE Hedge Asset Management LLC raised its stake in EVgo by 220.0% during the 1st quarter. HITE Hedge Asset Management LLC now owns 3,348,303 shares of the company's stock valued at $8,906,000 after acquiring an additional 2,301,886 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new position in EVgo during the 1st quarter worth $30,000. 17.44% of the stock is currently owned by institutional investors.

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.