S&P 500   5,078.18
DOW   38,972.41
QQQ   437.60
bluebird bio stock is ripe for a 400% institutional short squeeze
Critical asset just had biggest fall on record (Ad)
3 lithium stocks to ride a multi-year cycle
Goldman upgraded Nvidia stock, one metric says it could go higher
Critical asset just had biggest fall on record (Ad)
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Autozone stock price is still in the rally zone
Critical asset just had biggest fall on record (Ad)
Closing prices for crude oil, gold and other commodities
New highs are coming for Lowe’s stock despite mixed results
S&P 500   5,078.18
DOW   38,972.41
QQQ   437.60
bluebird bio stock is ripe for a 400% institutional short squeeze
Critical asset just had biggest fall on record (Ad)
3 lithium stocks to ride a multi-year cycle
Goldman upgraded Nvidia stock, one metric says it could go higher
Critical asset just had biggest fall on record (Ad)
Salesforce stock got a boost. Is it growing off the Nvidia boom?
Autozone stock price is still in the rally zone
Critical asset just had biggest fall on record (Ad)
Closing prices for crude oil, gold and other commodities
New highs are coming for Lowe’s stock despite mixed results
S&P 500   5,078.18
DOW   38,972.41
QQQ   437.60
bluebird bio stock is ripe for a 400% institutional short squeeze
Critical asset just had biggest fall on record (Ad)
3 lithium stocks to ride a multi-year cycle
Goldman upgraded Nvidia stock, one metric says it could go higher
Critical asset just had biggest fall on record (Ad)
Salesforce stock got a boost. Is it growing off the Nvidia boom?
Autozone stock price is still in the rally zone
Critical asset just had biggest fall on record (Ad)
Closing prices for crude oil, gold and other commodities
New highs are coming for Lowe’s stock despite mixed results
S&P 500   5,078.18
DOW   38,972.41
QQQ   437.60
bluebird bio stock is ripe for a 400% institutional short squeeze
Critical asset just had biggest fall on record (Ad)
3 lithium stocks to ride a multi-year cycle
Goldman upgraded Nvidia stock, one metric says it could go higher
Critical asset just had biggest fall on record (Ad)
Salesforce stock got a boost. Is it growing off the Nvidia boom?
Autozone stock price is still in the rally zone
Critical asset just had biggest fall on record (Ad)
Closing prices for crude oil, gold and other commodities
New highs are coming for Lowe’s stock despite mixed results
NYSE:EVGO

EVgo (EVGO) Stock Price, News & Analysis

$2.68
+0.14 (+5.51%)
(As of 02/27/2024 ET)
Today's Range
$2.52
$2.70
50-Day Range
$1.96
$3.71
52-Week Range
$1.88
$8.16
Volume
2.00 million shs
Average Volume
2.59 million shs
Market Capitalization
$802.26 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$6.69

EVgo MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
149.5% Upside
$6.69 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.54mentions of EVgo in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$67,285 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.85) to ($0.82) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.34 out of 5 stars

Auto/Tires/Trucks Sector

49th out of 82 stocks

Automotive Repair, Services & Parking Industry

3rd out of 4 stocks


EVGO stock logo

About EVgo Stock (NYSE:EVGO)

EVgo, Inc. is a leading electric vehicle (EV) charging solution provider in the United States. The company operates an extensive public fast-charging network across 34 states, with over 900 fast and 800 Level 2 chargers. EVgo's mission is to accelerate the transition to a clean energy future by providing reliable and convenient charging solutions for electric vehicles. The company is headquartered in Los Angeles, California, and was founded in 2010.

EVgo's management team is led by Chief Executive Officer Cathy Zoi, who has over 30 years of experience in energy and environmental policy. Zoi previously served as Assistant Secretary of Energy for Energy Efficiency and Renewable Energy in the Obama administration. Other key members of EVgo's management team include Chief Technology Officer Ivo Steklac, who has over 25 years of experience in technology and operations, and Chief Financial Officer Olga Shevorenkova, who has over 20 years of experience in operations and engineering.

Regarding financials, EVgo has reported revenue up over the past several years. The company's net income has been in the negative since the company's inception. EVgo's current market valuation is approximately $3.5 billion, with a price-to-sales ratio higher than the industry average and a price-to-book ratio much lower than industry averages. 

As for market performance, EVgo's stock price has been volatile in recent months, with price movements in response to news and announcements related to the EV industry. 

EVgo operates in a rapidly growing industry, with the global market for electric vehicle charging expected to grow at a compound annual growth rate (CAGR) of 37.5% from 2021 to 2028, according to a report by Grand View Research. The industry is also highly competitive, with other significant players including ChargePoint, Electrify America, and Tesla.

One of the key growth opportunities for EVgo is expanding its charging network in terms of the number of chargers and geographical coverage. The company recently announced plans to install over 2,000 new fast chargers by the end of 2025, doubling its current network. Additionally, EVgo is exploring opportunities to partner with automakers to offer bundled charging solutions to customers.

However, there are also several risks and challenges facing EVgo. One of the major risks is the potential for regulatory changes that could impact the growth and profitability of the EV charging industry. For example, some states have proposed legislation limiting the fees that EV charging companies can charge customers. Another risk is the potential for changes in consumer preferences or technological advancements that could disrupt the EV charging industry.

EVGO Stock Price History

EVGO Stock News Headlines

EVgo (EVGO) to Release Earnings on Wednesday
EVGO Jan 2025 4.500 put
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
2025 Prologue Is A Honda SUV With Ultium DNA
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
EVgo Stock (NASDAQ:EVGO), Short Interest Report
EVGO Mar 2024 3.500 call
EVGO Mar 2024 2.500 call
EVGO Mar 2024 3.000 put
EVGO Feb 2024 4.000 call
EVgo Inc CFO Olga Shevorenkova Sells 83,407 Shares
See More Headlines
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Company Calendar

Last Earnings
11/08/2023
Today
2/28/2024
Next Earnings (Confirmed)
3/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Automotive repair, services & parking
Sub-Industry
N/A
Fax
N/A
Employees
292
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$6.69
High Stock Price Target
$14.00
Low Stock Price Target
$1.00
Potential Upside/Downside
+149.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$-27,580,000.00
Pretax Margin
-83.82%

Debt

Sales & Book Value

Annual Sales
$54.59 million
Cash Flow
$0.04 per share
Book Value
($1.35) per share

Miscellaneous

Free Float
79,389,000
Market Cap
$802.26 million
Optionable
Optionable
Beta
2.41
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Key Executives

  • Mr. Badar Khan (Age 53)
    CEO & Director
    Comp: $70.11k
  • Mr. Dennis G. Kish (Age 60)
    President
    Comp: $631.64k
  • Ms. Olga Shevorenkova (Age 36)
    Chief Financial Officer
    Comp: $586.6k
  • Ms. Stephanie Lee (Age 44)
    Senior Vice President of Accounting
  • Ms. Heather Davis
    Vice President of Investor Relations
  • Ms. Francine Sullivan (Age 50)
    Chief Legal Officer & General Counsel
  • Ms. Tanvi Chaturvedi
    Chief Revenue Officer














EVGO Stock Analysis - Frequently Asked Questions

Should I buy or sell EVgo stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for EVgo in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" EVGO shares.
View EVGO analyst ratings
or view top-rated stocks.

What is EVgo's stock price target for 2024?

6 brokerages have issued 12 month price objectives for EVgo's stock. Their EVGO share price targets range from $1.00 to $14.00. On average, they anticipate the company's share price to reach $6.69 in the next year. This suggests a possible upside of 149.5% from the stock's current price.
View analysts price targets for EVGO
or view top-rated stocks among Wall Street analysts.

How have EVGO shares performed in 2024?

EVgo's stock was trading at $3.58 at the beginning of the year. Since then, EVGO shares have decreased by 25.1% and is now trading at $2.68.
View the best growth stocks for 2024 here
.

When is EVgo's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 6th 2024.
View our EVGO earnings forecast
.

How can I listen to EVgo's earnings call?

EVgo will be holding an earnings conference call on Wednesday, March 6th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were EVgo's earnings last quarter?

EVgo, Inc. (NYSE:EVGO) announced its quarterly earnings data on Wednesday, November, 8th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.19. The firm had revenue of $35.11 million for the quarter, compared to analyst estimates of $29.77 million. EVgo's quarterly revenue was up 234.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.19) EPS.

What guidance has EVgo issued on next quarter's earnings?

EVgo issued an update on its FY 2023 earnings guidance on Thursday, January, 18th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $158.0 million-, compared to the consensus revenue estimate of $153.3 million.

Who are EVgo's major shareholders?

EVgo's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (3.23%), Northern Trust Corp (0.28%), Nuveen Asset Management LLC (0.19%), First Trust Advisors LP (0.17%), Goldman Sachs Group Inc. (0.00%) and UBS Group AG (0.10%). Insiders that own company stock include Caroline Ogata, Catherine Zoi, Dennis G Kish, Francine Sullivan, Ivo Steklac and Olga Shevorenkova.
View institutional ownership trends
.

How do I buy shares of EVgo?

Shares of EVGO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:EVGO) was last updated on 2/28/2024 by MarketBeat.com Staff