EVgo

EVgo, Inc. engages in the provision of electric vehicle charging station services. It offers the EVgo network, home charging solutions, work charging solutions, and freedom station plans to electric car owners. The company was founded in October 2010 and is headquartered in Los Angeles, CA.

Earnings data Q2 2021

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Earnings data Q1 2022

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Earnings data Q1 2023

Earnings data Q2 2023

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EVgo reports record revenue in 2022, expands partnerships for growth

EVgo's strong revenue growth in 2022 and deepening partnerships position it well in the evolving EV market. While facing challenges like supply chain disruptions, the company is focused on expanding its charging network and optimizing operational efficiency for future growth.

EVgo reports stellar Q1 earnings, poised for growth in EV market

EVgo's Q1 2023 performance reflects strong revenue growth, operational progress, and strategic partnerships positioning the company for future success.
While facing challenges in network utilization fluctuations and higher CapEx, EVgo's focus on technology and partnerships presents growth opportunities in the expanding EV market.
With a reaffirmed revenue guidance, successful first quarter, and a focus on network expansion and customer experience, EVgo's strategy is showing early signs of success.

EVgo excels in Q2, eyes collaborations for EV market dominance

EVgo's strong Q2 performance and strategic initiatives position the company as a key player in the EV market, driving revenue growth and operational efficiency
Challenges in revenue diversification and profitability require careful navigation, while opportunities in collaboration and technological advancements offer avenues for sustained growth
Increased investments in growth areas and extended liquidity into 2025 demonstrate EVgo's commitment to innovation, market leadership, and long-term sustainability

EVgo reports stellar Q3 results, eyes growth through partnerships

EVgo's Q3 2023 performance showcased exceptional revenue growth and improved EBITDA, with a strong focus on network expansion and customer satisfaction.
The company's strategic partnerships, financial guidance raise, and cost-saving innovations position it well for future growth and operational efficiency.
While facing challenges in CapEx reduction and regulatory advocacy, EVgo's financial strength, market optimization, and customer-centric approach present opportunities for sustained success.
With a clear path to profitability, EVgo's focus on network utilization, financing strategies, and regulatory engagement underpin its resilience and growth prospects.

EVgo achieves record revenue in Q4 2023, targets profitability

EVgo's Q4 2023 performance reflects strong revenue growth, operational efficiency, and a path towards profitability by 2025.
The company's strengths lie in its business model, financial discipline, strategic focus, and transparent asset-level profitability calculations.
Challenges include ongoing negative EBITDA, energy cost uncertainties, competition, and balancing expansion with profitability.
Opportunities exist in margin expansion, NEVI funding, OEM/commercial charging growth, and rideshare customer adoption of EVs.

EVgo doubles revenue, eyes EBITDA breakeven in 2025

EVgo's strong Q1 performance, focus on growth drivers, and strategic initiatives position the company for success.
Challenges in transitioning to Level 3 charging and managing seasonality require careful navigation.
Opportunities from industry shifts, site acquisitions, and identified expansion sites offer avenues for growth.
Maintaining margins, improving pricing strategies, and enhancing customer experience are key focus areas for sustained growth.

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LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO), the nation's largest public fast charging network for electric vehicles (EVs) and first powered by 100% renewable electricity, today announced that the company was selected for proposed awards for two new California Energy Commission (CEC) Reliable, Equitable, and Accessible Charging for multi-family Housing (REACH) grants totaling $3.6M. These funds will be used to deploy new high-powered direct current fast chargers (DCFC) near multi-fam

EVgo Selected by California Energy Commission for Proposed Awards of $3.6M in Grant Funding to Build More Fast Charging Infrastructure for Multi-Family Housing Residents

EVgo operates one of the largest networks of electric vehicle DC fast-chargers for public access and corporate customers. The growing market share of electric vehicles on the road supports accelerating demand for charging solutions as a bullish case for the stock.

Is EVgo Stock A Buy For The Long Term? Bullish Into EV Charging Tailwinds

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Stocks tied broadly to the electric vehicle charging industry, as listed today by Seeking Alpha, are shown by their Market-Maker-valued price range limits on 6/8/22 close prices. No comment necessary.

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LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (Nasdaq: EVGO, or the “Company”), the nation's largest public fast charging network for electric vehicles (EVs), today announced that members of its senior management team will be participating in investor conferences hosted by Bank of America, Evercore ISI, and JP Morgan during the month of June. In conjunction with the investor meetings at these conferences and elsewhere, EVgo has made available an updated investor presentation which will be accessible

EVgo to Participate in Investor Conferences

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LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO), a first mover in fleet electrification and owner and operator of the nation's largest public fast charging network for electric vehicles (EVs) and first powered by 100% renewable electricity, and OSC~WEBco, a leading global provider of comprehensive, fully integrated solutions to the Federal Government announced today that they have been awarded participation in a new five-year Blanket Purchase Agreement (BPA) with the United States Genera

EVgo and OSC~WEBco Selected for Award for GSA Blanket Purchase Agreement Schedule

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LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO), the nation's largest public fast charging network for electric vehicles (EVs) and first powered by 100% renewable electricity, today announced the appointment of CyrusOne LLC Executive Vice President and Chief Financial Officer Katherine Motlagh as a director on the Board and the election of National Grid U.S. President Badar Khan at the 2022 Annual Meeting as a Class I Director. Katherine Motlagh's term as a director expires at the 2024 a

EVgo Announces Addition of Two New Board Members, Katherine Motlagh and Badar Khan

EVgo has multiple strong positive catalysts, and the $2.35 billion valuation of EVGO stock is very attractive at this point. The post Buy EVgo Stock Before It Becomes the Tesla of EV Charging Stations appeared first on InvestorPlace.

Buy EVgo Stock Before It Becomes the Tesla of EV Charging Stations

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO), the nation's largest public fast charging network for electric vehicles (EVs) and first powered by 100% renewable electricity, and Cadillac, the first General Motors (GM) brand with plans to go all-electric, today announced a new commercial agreement to offer drivers of the 2023 Cadillac LYRIQ the option of two years of unlimited* public fast charging on EVgo's network. Cadillac worked with EVgo to develop the special charging offer as par

EVgo and Cadillac Join to Offer 2023 LYRIQ Customers Two Years of Unlimited Charging on EVgo Network

EVGO stock is down, but not out, as the EV charger manufacturer gets a high price target and shows a narrowing gross earnings loss. The post Muted Expectations Give EVgo Stock Holders a Nice Earnings Surprise appeared first on InvestorPlace.

Muted Expectations Give EVgo Stock Holders a Nice Earnings Surprise

EVGO stock missed on first quarter earnings today, but the federal infrastructure bill makes EV charging stocks pretty appealing. The post EVGo Still Looks Solid Despite an Earnings Miss appeared first on InvestorPlace.

EVGo Still Looks Solid Despite an Earnings Miss

EVgo, Inc. (NASDAQ:EVGO ) Q1 2021 Results Conference Call March 11, 2022 11:00 AM ET Company Participants Ted Brooks - Vice President of Investor Relations Cathy Zoi - Chief Executive Officer Olga Shevorenkova - Chief Financial Officer Conference Call Participants Maheep Mandloi - Credit Suisse Ryan Greenwald - Bank of America Andres Sheppard - Cantor Fitzgerald Bill Peterson - JP Morgan Oliver Huang - Tudor Pickering Holt Operator Greetings, and welcome to EVgo First Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

EVgo, Inc. (EVGO) CEO Cathy Zoi on Q1 2021 Results - Earnings Call Transcript

EVgo reports a first-quarter loss of 21 cents a share from $7.7 million in sales. Wall Street was looking for a loss of 12 cents on sales of $8.8 million.

EVgo Misses Estimates. The Beaten-Up Stock Rises Anyway.

Shares of EVgo Inc. EVGO, -3.52% rallied 2.1% in premarket trading Wednesday, after the electric vehicle charging network company was an increase in adjusted profit and a doubling in adjusted gross margin in the first quarter, but reported revenue that came up short of expectations. The net loss widened to $55.3 million from $16.6 million, while the net loss attributable to shareholders was $14.4 million, or 21 cents a share.

EVgo stock rallies after adjusted profit, gross margin increased, while revenue rose less than expected

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (Nasdaq: EVGO) (“EVgo” or the “Company”) today announced results for the first quarter of 2022. The Company continues to execute on its growth plans on the back of continued EV market development. Revenue increased to $7.7 million in the first quarter of 2022, compared to $4.1 million in the first quarter of 2021, representing 86% year-over-year growth. Growth in revenue for the quarter was primarily driven by higher retail and fleet charging revenues, as

EVgo Inc. Reports First Quarter 2022 Results

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO), the nation's largest public fast charging network for electric vehicles (EVs) and first powered by 100% renewable electricity, today announced that it was selected as the City of Portland's partner to deploy electric vehicle charging infrastructure on city-owned property. Through the partnership, EVgo will install eight direct current fast chargers (DCFC) and up to 44 Level 2 chargers across Portland, Maine. EVgo is the first North America

EVgo Selected as Electric Vehicle Charging Network Provider for Portland, Maine

The Zacks Consensus Estimate for EVgo's (EVGO) Q1 bottom and top lines is pegged at a loss of 10 cents per share and $8.57 million, respectively.

What's in the Offing for EVgo (EVGO) This Earnings Season?

Investors may want to use weakness in the EVgo Inc. charging stock as an opportunity. I'd like to see the price go back to $14.

This Is Why EVgo Inc. Could Accelerate to Higher Highs

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (“EVgo”), the nation's largest public fast charging network for electric vehicles (EVs) and first powered by 100% renewable electricity, today announced that it will release its first quarter 2022 financial results before market open on Wednesday, May 11th, 2022. This release will be followed by a conference call hosted by members of the EVgo management team at 11:00 AM Eastern Time. Interested investors and other parties may access a live webcast of the

EVgo Announces Timing of First Quarter 2022 Earnings Results Conference Call

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Don't Count EV Charging Stocks Out

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO), the nation's largest public fast charging network for electric vehicles (EVs) and first powered by 100% renewable electricity, today announced the opening of a new EVgo public fast charging station located at Valley Park Commons in Hagerstown, Maryland. The new EV charging station, located at 1580 Wesel Boulevard, boasts four charging stalls equipped with two 100 kW fast chargers and two 350 kW fast chargers capable of simultaneous chargin

EVgo Adds 4 New Public EV Fast Chargers to Maryland's Valley Park Commons

EVgo stock could get moving if the company can capitalize on the vast opportunity provided by it many partnerships. The post EVgo Stock Needs to Boost Its Growth to Really Accelerate appeared first on InvestorPlace.

EVgo Stock Needs to Boost Its Growth to Really Accelerate

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News for EVgo Stock (EVGO)