FY2025 Earnings Forecast for EVgo Issued By Roth Capital

EVgo, Inc. (NASDAQ:EVGO - Free Report) - Research analysts at Roth Capital dropped their FY2025 EPS estimates for shares of EVgo in a research report issued on Wednesday, May 7th. Roth Capital analyst C. Irwin now expects 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 analysts' consensus estimates of ($0.11) by $0.02. The business had revenue of $75.29 million during the quarter, compared to analyst estimates of $70.11 million. During the same period last year, the business posted ($0.09) EPS. EVgo's revenue was up 36.4% compared to the same quarter last year.

Several other research firms also recently issued reports on EVGO. Evercore ISI cut their price target on EVgo from $7.00 to $4.00 and set an "outperform" rating for the company in a research note on Monday, March 31st. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $8.00 price target on shares of EVgo in a research note on Wednesday, March 5th. Stifel Nicolaus cut 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. Needham & Company LLC reissued a "hold" rating on shares of EVgo in a research note on Wednesday, March 5th. Finally, UBS Group cut their target price on shares of EVgo from $8.00 to $5.00 and set a "buy" rating for the company in a research note on Monday, January 27th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $6.25.

EVgo Stock Performance

EVgo stock traded down $0.05 during midday trading on Monday, reaching $3.92. The company's stock had a trading volume of 1,603,481 shares, compared to its average volume of 4,395,776. EVgo has a fifty-two week low of $1.92 and a fifty-two week high of $9.07. The stock's 50 day simple moving average is $2.82 and its 200 day simple moving average is $3.95. The firm has a market capitalization of $1.20 billion, a PE ratio of -9.33 and a beta of 2.27.

Hedge Funds Weigh In On EVgo

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of EVgo by 20.1% during the 4th quarter. Vanguard Group Inc. now owns 12,200,949 shares of the company's stock valued at $49,414,000 after buying an additional 2,043,449 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of EVgo by 175.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 4,949,622 shares of the company's stock valued at $20,046,000 after buying an additional 3,153,073 shares during the last quarter. Millennium Management LLC boosted its stake in shares of EVgo by 394.4% during the 4th quarter. Millennium Management LLC now owns 4,623,922 shares of the company's stock valued at $18,727,000 after buying an additional 3,688,614 shares during the last quarter. SIR Capital Management L.P. boosted its stake in shares of EVgo by 326.3% during the 4th quarter. SIR Capital Management L.P. now owns 3,533,645 shares of the company's stock valued at $14,311,000 after buying an additional 2,704,662 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of EVgo by 52.6% during the 4th quarter. Marshall Wace LLP now owns 3,429,931 shares of the company's stock valued at $13,891,000 after buying an additional 1,182,431 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.