EVgo Inc. owns and operates a direct current fast-charging network for battery electric vehicles in the United States. As of May 5, 2021, it operated approximately 800 DCFC locations in approximately 65 metropolitan areas across 34 states serving approximately 250,000 private and commercial electric vehicle drivers. The company was founded in 2010 and is based in Los Angeles, California.
IPO Year:
Exchange: NASDAQ
Website: evgo.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/10/2024 | $4.00 → $8.50 | Neutral → Buy | UBS |
| 10/3/2024 | $5.00 → $7.00 | Hold → Buy | TD Cowen |
| 10/3/2024 | $7.00 | Neutral → Overweight | JP Morgan |
| 7/22/2024 | $4.00 | Neutral | UBS |
| 6/5/2024 | $3.00 | Buy | The Benchmark Company |
| 5/9/2024 | $5.00 → $4.00 | Neutral → Overweight | Cantor Fitzgerald |
| 3/7/2024 | $5.00 | Overweight → Neutral | Cantor Fitzgerald |
| 3/7/2024 | $5.00 → $4.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 10/25/2023 | $6.00 → $4.00 | Outperform → Market Perform | TD Cowen |
| 9/8/2023 | $5.00 | Sector Perform | RBC Capital Mkts |
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Next phase of partnership to bring fast charging to as many as 60 Meijer properties across six states EVgo Inc. (NASDAQ:EVGO) ("EVgo" or the "Company"), one of the nation's largest public fast charging networks for electric vehicles (EVs), today announced an expansion to its longstanding partnership with Meijer, a Midwest grocery retailer, to bring more public fast charging infrastructure to Meijer store locations throughout its six-state footprint. As part of this expanded relationship, EVgo plans to deploy up to 480 new public fast charging stalls at Meijer properties across Michigan, Illinois, Wisconsin, Indiana, Ohio, and Kentucky. This press release features multimedia. View the ful
Achieves 7th Consecutive Quarter of Triple Digit Year-Over-Year Network Throughput Growth Raises Mid-Point of 2024 Revenue and Adjusted EBITDA Guidance Record revenue of $67.5 million in the third quarter, representing an increase of 92% year-over-year. Charging network revenue totaled $43.1 million in the third quarter, an increase of 98% year-over-year, representing the 8th sequential quarter of double-digit charging revenue growth. Network throughput reached a record 78 gigawatt-hours ("GWh") in the third quarter, an increase of 111% year-over-year, representing the 7th consecutive quarter of triple digit year-over-year growth. Added more than 270 new operational stalls dur
EVgo Inc. (NASDAQ:EVGO) ("EVgo" or the "Company"), one of the nation's largest public fast charging networks for electric vehicles (EVs), today announced that it will release its third quarter 2024 financial results on Tuesday, November 12, 2024. This release will be followed by a webcast hosted by members of the EVgo management team at 8 a.m. ET (5 a.m. PT). EVgo Third Quarter 2024 Webcast When: Tuesday, November 12, 2024 Time: 8 a.m. ET (5 a.m. PT) Live Webcast: https://investors.evgo.com/events-and-presentations The call can also be accessed live over the telephone by dialing: Toll Free: (888) 340-5044 (for U.S. callers) Toll/International: (646) 960-0363 (for callers outside the U.S.)
Co-development will improve customer experience, enhance charger reliability, and drive cost efficiencies with advanced firmware and hardware design EVgo Inc. (NASDAQ:EVGO) ("EVgo" or the "Company"), one of the nation's largest public fast charging networks for electric vehicles (EVs), announced today that it has entered into a new memorandum of understanding (MOU) with longtime technology partner, Delta Electronics, Inc. ("Delta"), a global leader in power management and a provider of IoT-based smart green solutions, to jointly develop next-generation EV charging architecture. This new charging architecture is designed to provide EVgo with more control over the full customer experience wh
Access to low-cost financing is expected to support construction of approximately 7,500 new DC fast charging stalls in community locations EVgo Inc. (NASDAQ:EVGO) ("EVgo" or the "Company"), one of the nation's largest public fast charging networks for electric vehicles (EVs), announced today that it has received a conditional commitment for a loan guarantee of up to $1.05 billion of debt financing, from the U.S. Department of Energy ("DOE") Loan Programs Office ("LPO") under its Title 17 program to accelerate expansion of its fast charging network in community locations across the U.S. This press release features multimedia. View the full release here: https://www.businesswire.com/news/hom
Energy industry veteran will leverage decades of finance and operations experience to lead EVgo's next phase of growth EVgo Inc. (NASDAQ:EVGO) ("EVgo" or the "Company"), one of the nation's largest public fast charging networks for electric vehicles (EVs), today announced the appointment of Paul Dobson as Chief Financial Officer (CFO), effective October 1, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240919130424/en/EVgo appoints Paul Dobson as Chief Financial Officer (Graphic: Business Wire) Dobson has more than 30 years of professional experience in finance and operations roles – including in the energy sector, most re
Collaboration includes 400 fast charging stalls at flagship locations offering customer-centric features such as canopies, lighting, nearby amenities and pull-through access After years of collaborating to increase public charging access, EVgo Inc. (NASDAQ:EVGO) ("EVgo" or the "Company"), one of the nation's largest public fast charging networks, and General Motors ("GM") today announced that they are expanding upon their work together and taking charging to the next level by deploying 400 fast charging stalls at flagship destinations in major metropolitan areas across the U.S. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/202409
Furthers Growth of Marathon Capital's Equity Capital Markets Offering Marathon Capital, a leading financial advisory and investment banking firm to the clean economy, has announced that James Fitzgerald has joined the firm as Head of Institutional Sales. Based in New York, Mr. Fitzgerald will be responsible for leading the continued rollout of Marathon Capital's Equity Research and Equity Capital Markets ("ECM") products. Mr. Fitzgerald was most recently Executive Director, Institutional Equity Sales at Tudor, Pickering, Holt & Co (the energy business of Perella Weinberg Partners), where he provided coverage and long-term relationship management of hedge fund, long only, family office, an
Current and prospective shareholders invited to submit questions EVgo Inc., (NASDAQ:EVGO) ("EVgo" or the "Company"), one of the nation's largest public fast charging networks for electric vehicles (EVs), today announced that Badar Khan, EVgo's Chief Executive Officer, will be hosting a public virtual town hall on Wednesday, October 2, 2024 at 8:30AM ET. Mr. Khan will answer questions from current and prospective EVgo shareholders about the business, the future of the EV industry, the Company's strategy for shareholder value generation, and any other topics. The town hall will be available at https://investors.evgo.com/overview/default.aspx. The town hall will be moderated by Heather Davis
Newest advancements made through EVgo ReNew™ underscore EVgo's commitment to leading the industry amid a changing competitive landscape EVgo Inc. (NASDAQ:EVGO) ("EVgo" or the "Company"), one of the nation's largest public fast charging networks for electric vehicles (EVs), today announced several significant network enhancements through EVgo ReNew™, the Company's comprehensive program created to elevate the customer experience. In addition to network advances, EVgo has debuted the Canary Model™, a powerful performance monitoring tool designed to automatically identify and analyze patterns and support diagnostics, augmenting EVgo's maintenance responses with data from actual charging sessi
Energy industry veteran will leverage decades of finance and operations experience to lead EVgo's next phase of growth EVgo Inc. (NASDAQ:EVGO) ("EVgo" or the "Company"), one of the nation's largest public fast charging networks for electric vehicles (EVs), today announced the appointment of Paul Dobson as Chief Financial Officer (CFO), effective October 1, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240919130424/en/EVgo appoints Paul Dobson as Chief Financial Officer (Graphic: Business Wire) Dobson has more than 30 years of professional experience in finance and operations roles – including in the energy sector, most re
Former Tesla and General Motors leaders to join EVgo as the Company continues to make investments to position itself as the charging network of choice amid a shifting competitive landscape EVgo Inc. (NASDAQ:EVGO) ("EVgo" or the "Company"), one of the nation's largest public fast charging networks for electric vehicles (EVs), today announced it has expanded its leadership team with a strong bench of experienced talent from Tesla and General Motors. Former Tesla charging team leaders Martin Sukup and Jeff Inhofer joined EVgo earlier this month, with Sukup taking on the role of Executive Vice President of Engineering and Inhofer serving as the Vice President of Electric Vehicle Supply Equipm
Addition of dedicated People role to Executive Leadership Team reinforces EVgo's commitment to being an employer of choice in the EV charging industry amid a shifting competitive landscape EVgo Inc. (NASDAQ:EVGO) ("EVgo" or the "Company"), one of the nation's largest public fast charging networks for electric vehicles (EVs), today announced the appointment of Keith Hutchison as Chief People Officer (CPO). Hutchison brings over two decades of experience working in human resources (HR) within the energy and EV sectors, and as EVgo's first CPO, he will be responsible for the oversight of the Company's entire employee lifecycle, from attraction and recruitment to development, retention and re
FOSTER CITY, Calif., May 16, 2024 (GLOBE NEWSWIRE) -- Motiv a leading OEM of medium-duty electric trucks, today announced the appointment of Scott Griffith as its new Chief Executive Officer and board member. Griffith has spent the past 30 years founding, leading, scaling and advising leading technology-based companies that have often been market disruptors operating at the intersection of technology and mobility. Immediately prior to joining Motiv, Griffith served as CEO of Ford Motor Company's Autonomous Vehicles and Mobility Businesses, where he oversaw the development of Level 4 autonomous vehicles as well as overseeing Ford's portfolio of strategic investments in future mobility busin
Additions of Seasoned Technology and Energy Executives further strengthens Board of Directors with deep sector expertise 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 annual meeting of stockholders while Badar Khan's term expires at the 2025 annual meeting of stockholders. Thi
Addition to management team bolsters EVgo's efforts to scale EV charging solutions to meet growing demand EVgo Inc. (NASDAQ:EVGO), the nation's largest public fast charging network for electric vehicles (EVs) and only platform powered by 100% renewable electricity, today announced the appointment of Dennis Kish as Chief Operating Officer (COO), effective January 2022. Kish brings over 30 years of experience in the high technology and infrastructure sectors, and as EVgo's COO he will oversee all charger installation activities related to contractual commitments and public and fleet network expansion, including site development, engineering and construction, and contract management. Kish wil
Cantor Fitzgerald analyst Andres Sheppard reiterates EVgo (NASDAQ:EVGO) with a Overweight and maintains $4 price target.
UBS analyst William Grippin initiates coverage on EVgo (NASDAQ:EVGO) with a Neutral rating and announces Price Target of $4.
Cantor Fitzgerald analyst Andres Sheppard reiterates EVgo (NASDAQ:EVGO) with a Overweight and maintains $4 price target.
The Russell 2000 index of small caps, tracked by the iShares Russell 2000 ETF (NYSE:IWM), recorded its best weekly performance since October 2023, surging over 6% and reaching its highest level since January 2022. The rally was largely driven by Thursday’s session, where the Russell 2000 posted a remarkable 3.6% daily gain. This spike followed lower-than-expected June inflation data, which fueled speculation of potential interest rate cuts. However, Quincy Krosby, chief global strategist for LPL Financial, advises caution, suggesting that Russell 2000’s rate cut message may be “clouded by Fed’s concerns over labor market.” Krosby thinks a weaker labor market would still hurt the eco
Shares of ASP Isotopes Inc. (NASDAQ:ASPI) fell during Friday's session after the company announced pricing of a $30 million public offering of 12 million shares at $2.50 per share. ASP Isotopes shares fell 9.2% to $3.2308 on Friday. Here are some other stocks moving in today’s mid-day session. Gainers Vicinity Motor Corp. (NASDAQ:VEV) shares jumped 133.2% to $0.7910 after the company announced CARB certification for the VMC 1200 class 3 electric truck. Qualigen Therapeutics, Inc. (NASDAQ:QLGN) shares rose 110% to $0.4335. TOYO Co., Ltd (NASDAQ:TOYO) climbed 63.4% to $2.5322. Nisun International Enterprise Development Group Co., Ltd (NASDAQ:NISN) jumped 58% to $9.52 foll
EVgo Inc. (NASDAQ:EVGO) shares are trading higher Friday as EV stocks rally on multiple catalysts. Here's a look at what's going on. What To Know: Multiple EV makers, including Lucid Group, Inc. (NASDAQ:LCID) and Tesla, Inc. (NASDAQ:TSLA) reported better-than-expected second-quarter vehicle deliveries across the board which signaled to investors the recent "EV Winter" may be over. Tesla shares rallied more than 40% in the past two weeks before pulling back on news that its Robotaxi event will be delayed. Benchmark analyst Michael Legg maintained a Buy rating on EVgo Friday and raised the price target from $3 to $5. Read Next: What’s Going On With Lucid Group Stock? Additional
U.S. stocks were higher, with the Nasdaq Composite index gaining around 100 points on Friday. Shares of The Bank of New York Mellon Corporation (NYSE:BK) rose during Friday's session following better-than-expected quarterly financial results. The finance behemoth reported second-quarter adjusted earnings per share of $1.51, beating the street view of $1.43. Quarterly revenue of $4.597 billion, an increase of 2% year-over-year, surpassed the analyst consensus of $4.523 billion, according to data from Benzinga Pro. Bank of New York Mellon shares surged 4.3% to $64.12 on Friday. Here are some other big stocks recording gains in today’s session. Lucid Group, Inc. (NASDAQ:LCID) sh
Benchmark analyst Michael Legg maintains EVgo (NASDAQ:EVGO) with a Buy and raises the price target from $3 to $5.
As of July 11, 2024, five stocks in the consumer discretionary sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list of major overbought players in this sector. Sony Group Corp (NYSE:SONY) On June 12, Sony Group's Sony Pictures Entertainment
UBS upgraded EVgo Inc. from Neutral to Buy and set a new price target of $8.50 from $4.00 previously
TD Cowen upgraded EVgo Inc. from Hold to Buy and set a new price target of $7.00 from $5.00 previously
JP Morgan upgraded EVgo Inc. from Neutral to Overweight and set a new price target of $7.00
UBS initiated coverage of EVgo Inc. with a rating of Neutral and set a new price target of $4.00
The Benchmark Company initiated coverage of EVgo Inc. with a rating of Buy and set a new price target of $3.00
Cantor Fitzgerald upgraded EVgo Inc. from Neutral to Overweight and set a new price target of $4.00 from $5.00 previously
Cantor Fitzgerald downgraded EVgo Inc. from Overweight to Neutral and set a new price target of $5.00
RBC Capital Mkts upgraded EVgo Inc. from Sector Perform to Outperform and set a new price target of $4.00 from $5.00 previously
TD Cowen downgraded EVgo Inc. from Outperform to Market Perform and set a new price target of $4.00 from $6.00 previously
RBC Capital Mkts initiated coverage of EVgo Inc. with a rating of Sector Perform and set a new price target of $5.00
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Achieves 7th Consecutive Quarter of Triple Digit Year-Over-Year Network Throughput Growth Raises Mid-Point of 2024 Revenue and Adjusted EBITDA Guidance Record revenue of $67.5 million in the third quarter, representing an increase of 92% year-over-year. Charging network revenue totaled $43.1 million in the third quarter, an increase of 98% year-over-year, representing the 8th sequential quarter of double-digit charging revenue growth. Network throughput reached a record 78 gigawatt-hours ("GWh") in the third quarter, an increase of 111% year-over-year, representing the 7th consecutive quarter of triple digit year-over-year growth. Added more than 270 new operational stalls dur
EVgo Inc. (NASDAQ:EVGO) ("EVgo" or the "Company"), one of the nation's largest public fast charging networks for electric vehicles (EVs), today announced that it will release its third quarter 2024 financial results on Tuesday, November 12, 2024. This release will be followed by a webcast hosted by members of the EVgo management team at 8 a.m. ET (5 a.m. PT). EVgo Third Quarter 2024 Webcast When: Tuesday, November 12, 2024 Time: 8 a.m. ET (5 a.m. PT) Live Webcast: https://investors.evgo.com/events-and-presentations The call can also be accessed live over the telephone by dialing: Toll Free: (888) 340-5044 (for U.S. callers) Toll/International: (646) 960-0363 (for callers outside the U.S.)
Achieves 6th Consecutive Quarter of Triple Digit Year-Over-Year Network Throughput Growth Raises Midpoint of Total Revenue Guidance by $10 Million Revenue reached a record $66.6 million in the second quarter, representing an increase of 32% year-over-year. Charging network revenue totaled $36.4 million in the second quarter, an increase of 146% year-over-year, representing the 7th sequential quarter of double-digit charging revenue growth. Network throughput reached a record 66 gigawatt-hours ("GWh") in the second quarter, an increase of 164% year-over-year, representing the 6th consecutive quarter of triple digit year-over-year growth. Added more than 220 new operational stal
EVgo Inc. (NASDAQ:EVGO), ("EVgo" or the "Company"), one of the nation's largest public fast charging networks for electric vehicles (EVs), today announced that it will release its second quarter 2024 financial results on Thursday, August 1, 2024. This release will be followed by a webcast hosted by members of the EVgo management team at 8 a.m. PT (11 a.m. ET). EVgo Second Quarter 2024 Webcast When: Thursday, August 1, 2024 Time: 8 a.m. PT (11 a.m. ET) Live Webcast: https://investors.evgo.com/events-and-presentations The call can also be accessed live over the telephone by dialing: Toll Free: (888) 340-5044 (for U.S. callers) Toll/International: (646) 960-0363 (for callers outside the U.
Revenue reached a record $55.2 million in the first quarter, representing an increase of 118% year-over-year. Network throughput reached a record 53 gigawatt-hours ("GWh") in the first quarter, an increase of 194% year-over-year. Added 250 new operational stalls during the first quarter, including EVgo eXtend™ stalls. Ended the first quarter with approximately 3,780 stalls in operation or under construction, including EVgo eXtend™ stalls. Added nearly 109,000 new customer accounts in the first quarter, reaching more than 981,000 overall at quarter end. EVgo Inc. (NASDAQ:EVGO) ("EVgo" or the "Company") today announced results for the first quarter ended March 31, 2024. Manage
EVgo Inc. (NASDAQ:EVGO), ("EVgo" or the "Company"), one of the nation's largest public fast charging networks for electric vehicles (EVs), today announced that it will release its first quarter 2024 financial results on Tuesday, May 7, 2024. This release will be followed by a webcast hosted by members of the EVgo management team at 8 a.m. PT (11 a.m. ET). EVgo First Quarter 2024 Webcast When: Tuesday, May 7, 2024 Time: 8 a.m. PT (11 a.m. ET) Live Webcast: https://investors.evgo.com/events-and-presentations The call can also be accessed live over the telephone by dialing: Toll Free: (888) 340-5044 (for U.S. callers) Toll/International: (646) 960-0363 (for callers outside the U.S.) Confer
Revenue reached $50.0 million in the fourth quarter, representing an increase of 83% year-over-year. For the full year 2023, revenue reached $161.0 million, an increase of 195% over full year 2022, and exceeding the high-end of the Company's guidance range. Network throughput reached a record 50 gigawatt-hours ("GWh") in the fourth quarter, an increase of 257% year-over-year. Network throughput for the full year 2023 increased to 130 GWh, representing growth of 189% over full year 2022. Ended 2023 with approximately 3,550 stalls in operation or under construction, including EVgo eXtend™ stalls, with over 260 new operational stalls added during the fourth quarter. Added over
EVgo Inc. (NASDAQ:EVGO), ("EVgo" or the "Company"), one of the nation's largest public fast charging networks for electric vehicles (EVs), today announced that it will release its fourth quarter and full year 2023 financial results on Wednesday, March 6, 2024. This release will be followed by a webcast hosted by members of the EVgo management team at 8:00 a.m. PT (11:00 a.m. ET). EVgo Fourth Quarter and Full Year 2023 Webcast When: Wednesday, March 6, 2024 Time: 8:00 a.m. PT (11:00 a.m. ET) Live Webcast: https://investors.evgo.com/events-and-presentations The call can also be accessed live over the telephone by dialing: Toll Free: (800) 715-9871 (for U.S. callers) Toll/International: (6
Dennis Kish, EVgo's Chief Operating Officer, appointed President to manage consolidated operations, business development, marketing and technology functions EVgo Inc. (NASDAQ:EVGO) ("EVgo" or the "Company"), one of the nation's largest public fast charging networks for electric vehicles (EVs), today announced certain preliminary financial and operating results for fiscal year 2023. The Company announced preliminary 2023 throughput of approximately 130 gigawatt-hours ("GWh"). Utilization on the EVgo network in December 2023 was over 19% up from 15% in September 2023. EVgo ended 2023 with over 3,500 stalls in operation or under construction, including EVgo eXtend™ stalls. EVgo anticipates
Revenue grew to $35.1 million in the third quarter, representing an increase of 234% year-over-year. Network throughput reached a record 37 gigawatt-hours ("GWh") in the third quarter, an increase of 208% year-over-year. Ended the third quarter with approximately 3,400 stalls in operation or under construction, including EVgo eXtend™ stalls, with over 240 new stalls added during the quarter. Operationalized the first EVgo eXtend™ stalls with Pilot Company and GM. Added over 106,000 new customer accounts in the third quarter, reaching more than 785,000 overall at the end of the quarter. EVgo Inc. (NASDAQ:EVGO) ("EVgo" or the "Company") today announced results for the third q