Roth Capital Issues Pessimistic Forecast for EVgo Earnings

Key Points

• Roth Capital has revised down its earnings per share estimate for EVgo's Q3 2025, now predicting a loss of ($0.10), compared to the previous estimate of ($0.06).
• EVgo's stock opened at $3.49, with a market capitalization of $1.07 billion and a consensus price target of $6.19.
• According to a recent earnings report, EVgo reported a revenue of $98.03 million for the quarter, exceeding analysts' expectations of $86.15 million.

EVgo Inc. (NASDAQ:EVGO - Free Report) - Equities research analysts at Roth Capital reduced their Q3 2025 earnings estimates for shares of EVgo in a research report issued on Wednesday, August 6th. Roth Capital analyst C. Irwin now forecasts that the company will earn ($0.10) per share for the quarter, down from their prior forecast of ($0.06). Roth Capital currently has a "Buy" rating on the stock. The consensus estimate for EVgo's current full-year earnings is ($0.45) per share. Roth Capital also issued estimates for EVgo's Q4 2025 earnings at ($0.09) EPS, FY2025 earnings at ($0.42) EPS, FY2026 earnings at ($0.28) EPS and FY2027 earnings at ($0.01) EPS.

EVgo (NASDAQ:EVGO - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.03. The firm had revenue of $98.03 million for the quarter, compared to analyst estimates of $86.15 million. The business's revenue was up 47.1% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.10) EPS.

Several other research firms also recently issued reports on EVGO. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of EVgo in a research note on Thursday, May 8th. Morgan Stanley raised their price target on shares of EVgo from $4.00 to $4.50 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $6.19.

EVgo Stock Performance

Shares of NASDAQ EVGO traded up $0.10 during trading hours on Friday, hitting $3.66. 2,169,543 shares of the stock were exchanged, compared to its average volume of 4,494,599. The company has a market cap of $1.12 billion, a PE ratio of -8.93 and a beta of 2.33. The company's fifty day simple moving average is $3.75 and its two-hundred day simple moving average is $3.26. EVgo has a 1-year low of $2.19 and a 1-year high of $9.07.

Insider Buying and Selling

In other EVgo news, President Dennis G. Kish sold 73,215 shares of the firm's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $3.69, for a total value of $270,163.35. Following the completion of the sale, the president directly owned 72,269 shares in the company, valued at approximately $266,672.61. This trade represents a 50.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 58.79% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EVGO. Summit Securities Group LLC bought a new stake in shares of EVgo in the first quarter valued at approximately $30,000. Merit Financial Group LLC purchased a new position in EVgo in the 1st quarter worth approximately $31,000. Ballentine Partners LLC purchased a new position in EVgo in the 1st quarter worth approximately $32,000. Hsbc Holdings PLC purchased a new stake in shares of EVgo in the 1st quarter valued at $38,000. Finally, Ethic Inc. bought a new stake in EVgo during the 2nd quarter valued at $38,000. 17.44% of the stock is 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.