
EVgo (EVGO) Stock Forecast & Price Target
EVgo (EVGO) Analyst Ratings
Bulls say
The positive outlook on EVgo’s stock is supported by the firm's resilience in various market conditions, allowing it to capitalize on increasing charger utilization, especially as competitors face challenges related to EV adoption. Notably, EVgo's network throughput grew significantly, achieving 277 GWh for FY24, marking a 116% year-over-year increase, alongside reported revenues of $256.8 million, which aligned with company guidance and market expectations. Furthermore, the expansion into lower EV penetration areas and the growing user base, reaching approximately 6.1 million registered users, enhance EVgo's long-term growth potential and investor confidence in its operational reliability and profitability.
Bears say
The outlook for EVgo's stock is negatively impacted by deteriorating investor sentiment toward electric vehicle and charging-related investments, particularly following the November election, suggesting a challenging environment for a near-term recovery in share prices. Financially, the company has secured a significant $1.25 billion Department of Energy loan, yet skepticism remains regarding its ability to access further funds, consistent with broader concerns facing similar green economy companies. Additionally, EVgo faces substantial risks, including intense competition, deployment delays, supply chain disruptions, and regulatory uncertainty, all of which may hinder its growth potential and ability to scale operations effectively.
This aggregate rating is based on analysts' research of EVgo and is not a guaranteed prediction by Public.com or investment advice.
EVgo (EVGO) Analyst Forecast & Price Prediction
Start investing in EVgo (EVGO)
Order type
Buy in
Order amount
Est. shares
0 shares