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NYSE:EVGO

EVgo (EVGO) Stock Forecast, Price & News

$3.84
-0.51 (-11.72%)
(As of 06/9/2023 ET)
Compare
Today's Range
$3.60
▼
$4.12
50-Day Range
$3.70
▼
$7.79
52-Week Range
$3.60
▼
$12.65
Volume
15.70 million shs
Average Volume
3.01 million shs
Market Capitalization
$1.03 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$8.28
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media

EVgo MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
115.6% Upside
$8.28 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.05mentions of EVgo in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$523,264 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.87) to ($0.41) Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.99 out of 5 stars

Auto/Tires/Trucks Sector

48th out of 98 stocks

Automotive Repair, Services & Parking Industry

2nd out of 5 stocks

See Top Rated MarketRank™ Stocks Here

EVGO stock logo

About EVgo (NYSE:EVGO) Stock

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.

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EVGO Stock News Headlines

May 16, 2023 | marketbeat.com
Beam Global Shines Brightly in the EV Infrastructure Space (EVGO)
Beam Global Inc. (NASDAQ: BEEM) is emerging as a standout in the electric vehicle (EV) infrastructure space. As the EV movement continues
June 9, 2023 | msn.com
Sientra, Tesla and GM shares rise and EvGo and Planet Labs slump, along with more stocks on the move
June 9, 2023 | Behind the Markets (Ad)
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
June 5, 2023 | msn.com
Sell This EV Charging Stock
June 4, 2023 | americanbankingnews.com
Ivo Steklac Sells 20,399 Shares of EVgo, Inc. (NYSE:EVGO) Stock
June 4, 2023 | americanbankingnews.com
EVgo, Inc. (NYSE:EVGO) CFO Olga Shevorenkova Sells 31,093 Shares
June 3, 2023 | americanbankingnews.com
EVgo, Inc. (NYSE:EVGO) CEO Catherine Zoi Sells 60,030 Shares of Stock
June 2, 2023 | finance.yahoo.com
EV-Charging Firm EVgo’s Largest Holder Bought $25 Million of Stock
June 9, 2023 | Altimetry (Ad)
Surprising "Twist" Hands Biden Landslide Re-election?
This could make it harder than ever to hang onto the money you make as Progressives gain power, and America slides further towards Socialism.
June 2, 2023 | msn.com
9 Short Squeeze Stocks That Could Take Off in June
June 1, 2023 | finance.yahoo.com
PlugShare Achieves Milestone of More Than 6.5 Million Check-Ins as Global EV Adoption Grows
May 31, 2023 | markets.businessinsider.com
Insiders Pour Millions Into These 2 Beaten-Down Stocks, and Analysts Say They Could Be Ready to Bounce Back
May 29, 2023 | finance.yahoo.com
The past year for EVgo (NASDAQ:EVGO) investors has not been profitable
May 25, 2023 | msn.com
Northland Capital Markets Maintains EVgo Inc - (EVGO) Market Perform Recommendation
May 24, 2023 | americanbankingnews.com
EVgo (NYSE:EVGO) Price Target Cut to $7.00
May 23, 2023 | americanbankingnews.com
Bank of America Trims EVgo (NYSE:EVGO) Target Price to $1.00
May 22, 2023 | finance.yahoo.com
EVgo Announces Addition of Two New Board Members, Paul Segal and Jonathan Seelig
May 21, 2023 | americanbankingnews.com
EVgo (NYSE:EVGO) Shares Down 5.3% Following Analyst Downgrade
May 20, 2023 | americanbankingnews.com
EVgo (NYSE:EVGO) Sees Large Volume Increase
May 20, 2023 | msn.com
B of A Securities Maintains EVgo Inc - (EVGO) Underperform Recommendation
May 19, 2023 | markets.businessinsider.com
EVgo (EVGO) Gets a Sell from Bank of America Securities
May 19, 2023 | americanbankingnews.com
EVgo (NYSE:EVGO) Shares Gap Down to $5.73
May 19, 2023 | americanbankingnews.com
Stifel Nicolaus Begins Coverage on EVgo (NYSE:EVGO)
May 18, 2023 | finance.yahoo.com
EVgo, Inc.: EVgo: Equity Capital Raise Comes at Steep Discount; Lowering Fair Value Estimate to $4
May 18, 2023 | marketwatch.com
EVgo Shares Drop 11% After $121 Million Public Offering Prices
May 18, 2023 | msn.com
EVgo (EVGO) Intrigues But Upside Will Depend on the Economy
May 18, 2023 | msn.com
EVgo: Paving The Way For Electric Vehicle Adoption
See More Headlines

EVGO Price History

EVGO Company Calendar

Last Earnings
5/09/2023
Today
6/09/2023
Next Earnings (Estimated)
8/08/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Automotive repair, services & parking
Sub-Industry
N/A
Sector
Auto/Tires/Trucks
Current Symbol
NYSE:EVGO
CUSIP
N/A
CIK
1821159
Web
www.evgo.com
Phone
877-494-3833
Fax
N/A
Employees
219
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$8.28
High Stock Price Forecast
$14.00
Low Stock Price Forecast
$1.00
Forecasted Upside/Downside
+115.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
8 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($0.37)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-27,580,000.00
Net Margins
-36.37%
Pretax Margin
-138.58%
Return on Equity
N/A
Return on Assets
-8.46%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
2.12
Quick Ratio
2.12

Sales & Book Value

Annual Sales
$54.59 million
Price / Sales
18.88
Cash Flow
$0.03 per share
Price / Cash Flow
138.57
Book Value
($1.35) per share
Price / Book
-2.84

Miscellaneous

Outstanding Shares
268,440,000
Free Float
68,398,000
Market Cap
$1.03 billion
Optionable
Optionable
Beta
2.02

Key Executives

  • Ms. Catherine Zoi (Age 59)
    CEO & Director
    Comp: $845.61k
  • Ms. Olga Shevorenkova (Age 34)
    Chief Financial Officer
    Comp: $536.61k
  • Mr. Ivo Steklac (Age 58)
    Chief Technology Officer
    Comp: $501.74k
  • Mr. Dennis G. Kish (Age 58)
    Chief Operating Officer
  • Ms. Heather Davis
    VP of Investor Relations
  • Ms. Francine Sullivan (Age 48)
    Chief Legal Officer & Gen. Counsel
  • Mr. Jonathan Levy (Age 38)
    Chief Commercial Officer
  • Ms. Tanvi Chaturvedi
    Chief Revenue Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













EVGO Stock - Frequently Asked Questions

Should I buy or sell EVgo stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for EVgo in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" EVGO shares.
View EVGO analyst ratings or view top-rated stocks.

What is EVgo's stock price forecast for 2023?

8 Wall Street analysts have issued twelve-month target prices for EVgo's shares. Their EVGO share price forecasts range from $1.00 to $14.00. On average, they predict the company's stock price to reach $8.28 in the next twelve months. This suggests a possible upside of 115.6% 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 2023?

EVgo's stock was trading at $4.47 at the beginning of the year. Since then, EVGO stock has decreased by 14.1% and is now trading at $3.84.
View the best growth stocks for 2023 here.

When is EVgo's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our EVGO earnings forecast.

How were EVgo's earnings last quarter?

EVgo, Inc. (NYSE:EVGO) issued its earnings results on Tuesday, May, 9th. The company reported ($0.09) earnings per share for the quarter, topping analysts' consensus estimates of ($0.15) by $0.06. The business had revenue of $25.30 million for the quarter, compared to analysts' expectations of $27.03 million.

What ETFs hold EVgo's stock?

ETFs with the largest weight of EVgo (NYSE:EVGO) stock in their portfolio include Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV), SPDR S&P Kensho Intelligent Structures ETF (SIMS), Invesco WilderHill Clean Energy ETF (PBW), SPDR S&P Retail ETF (XRT), Invesco Global Clean Energy ETF (PBD), Direxion Daily Retail Bull 3X Shares (RETL), Blue Horizon BNE ETF (BNE) and Fidelity Electric Vehicles and Future Transportation ETF (FDRV).

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

EVgo updated its FY 2023 earnings guidance on Friday, May, 26th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $105.00 million-$150.00 million, compared to the consensus revenue estimate of $139.67 million.

What is EVgo's stock symbol?

EVgo trades on the New York Stock Exchange (NYSE) under the ticker symbol "EVGO."

Who are EVgo's major shareholders?

EVgo's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (1.89%), State Street Corp (1.04%), Pictet Asset Management SA (1.00%), Banque Pictet & Cie SA (0.87%), Geode Capital Management LLC (0.54%) and Van ECK Associates Corp (0.39%). Insiders that own company stock include Caroline Ogata, Catherine Zoi, Dennis G Kish, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is EVgo's stock price today?

One share of EVGO stock can currently be purchased for approximately $3.84.

How much money does EVgo make?

EVgo (NYSE:EVGO) has a market capitalization of $1.03 billion and generates $54.59 million in revenue each year. The company earns $-27,580,000.00 in net income (profit) each year or ($0.37) on an earnings per share basis.

How many employees does EVgo have?

The company employs 219 workers across the globe.

How can I contact EVgo?

EVgo's mailing address is 300 CARNEGIE CENTER SUITE 150, PRINCETON NJ, 08540. The official website for the company is www.evgo.com. The company can be reached via phone at 877-494-3833 or via email at 0.

This page (NYSE:EVGO) was last updated on 6/9/2023 by MarketBeat.com Staff

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