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.

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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.

EVgo reports record revenues, secures DOE loan for growth

EVgo's Q3 performance reflects strong revenue growth and operational expansion
Strategic strengths include securing DOE loan, partnerships, and CapEx reduction plans
Challenges lie in achieving profitability and navigating competitive EV market dynamics
Opportunities exist in leveraging federal funding, partnerships, and expanding customer base

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ChargePoint Holdings

Tesla Inc. has inked another fast-charging deal with a major U.S. automaker, this time with General Motors Co., sending shares of both EVgo Inc. and ChargePoint Holdings Inc. lower. But only one of those two EV-charging companies needs to worry.

Here's why Tesla's latest EV-charging deal is more problematic for EVgo than ChargePoint

Shares of some electric-vehicle charging companies were moving lower in Friday's premarket trading after Tesla Inc. TSLA, +4.58% said it would open its charging network to General Motors Co. GM, -1.02% ChargePoint Holdings Inc. shares CHPT, -1.74% were down more than 3% premarket, while EVgo Inc. shares EVGO, -0.23% were down more than 4%. Blink Charging Co.'s stock BLNK, +0.30% was down 0.5%.

ChargePoint, EVgo stocks fall after Tesla and GM ink charging deal

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The 7 Best Stocks to Buy on a Dip in June 2023

EL SEGUNDO, Calif.--(BUSINESS WIRE)--PlugShare, the world's leading electric vehicle (EV) community and a part of the EVgo Inc. (NASDAQ: EVGO) family since mid-2021, celebrates the platform exceeding 6.5 million user check-ins. The PlugShare user base also grew more than 40% in the last year, adding 1 million new users to reach over 3.5 million registered users around the globe. This rapidly growing community of EV drivers provides up-to-date, helpful information on over 750,000 charging statio.

PlugShare Achieves Milestone of More Than 6.5 Million Check-Ins as Global EV Adoption Grows

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LOS ANGELES--(BUSINESS WIRE)--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 election of Paul Segal and Jonathan Seelig as Class II directors at the Company's 2023 annual meeting of stockholders. Both directors' terms expire at the 2026 annual meeting of stockholders. Paul Segal has served as Chief Executive Officer of LS Power since 2011. He is also a member of LS Power's Management.

EVgo Announces Addition of Two New Board Members, Paul Segal and Jonathan Seelig

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LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (Nasdaq: EVGO; “EVgo” or the “Company”) announced today the pricing of an underwritten public offering of 29,411,765 shares of its Class A common stock, par value $0.0001 per share (the “Class A common stock”), at $4.25 per share. The net proceeds to the Company from the offering, after deducting underwriting discounts and commissions but before other offering expenses, are expected to be approximately $121 million. EVgo has granted the underwriters a 30-.

EVgo Inc. Announces Pricing of Offering of Class A Common Stock

Evgo Inc (NASDAQ: EVGO) ended 20% down today after announcing plans of raising capital to expand its charging network. Evgo stock down on plans of a share sale On Wednesday, the California-based company said it will sell new stock to raise about $125 million in total.

Buy Evgo stock for a 93% return in 12 months: Stifel analyst

EVgo Inc shares slipped after the company announced an underwritten public offering of $125 million of its Class A common stock. The offering will consist of shares solely offered by the company, with a 30-day option for the underwriters to purchase up to an additional $18.75 million of shares.

EVgo shares dip after company announces $125M public offering

EVgo (NASDAQ: EVGO ) stock is dropping on Wednesday after the company announced a public offering for its shares. According to a press release, EVgo is offering up $125 million worth of its Class A shares in the public offering.

Why Is EVGO Stock Down 11% Today?

The shares of EVgo Inc (NASDAQ:EVGO) are down 10.1% at $5.15 premarket, brushing off a bull note after the company said it's launching a $125 million public offering of its Class A common stock.

EV Stock Brushes Off Bull Note on Public Offering Reveal

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NYSE: EVGO) (“EVgo” or the “Company”) announced today the commencement of an underwritten public offering of $125,000,000 of shares of its Class A common stock, par value $0.0001 per share (the “Class A common stock”). All of the shares of Class A common stock to be sold in the offering will be offered by the Company. The Company expects to grant the underwriters a 30-day option to purchase up to an additional $18,750,000 of shares of Class A common stoc.

EVgo Inc. Announces Offering of Class A Common Stock

EVgo, Inc. (NASDAQ:EVGO ) Q1 2023 Earnings Conference Call May 9, 2023 11:00 AM ET Company Participants Heather Davis - Vice President, Investor Relations Cathy Zoi - Chief Executive Officer Olga Shevorenkova - Chief Financial Officer Jonathan Levy - Chief Commercial Officer Conference Call Participants Gabe Daoud - Cowen James West - Evercore ISI Bill Peterson - J.P. Morgan Maheep Mandloi - Credit Suisse Andres Sheppard - Cantor Fitzgerald Operator Thank you for standing by.

EVgo Inc. (EVGO) Q1 2023 Earnings Call Transcript

EVgo Inc. (EVGO) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to earnings of $0.08 per share a year ago.

EVgo Inc. (EVGO) Reports Q1 Loss, Lags Revenue Estimates

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (Nasdaq: EVGO) (“EVgo” or the “Company”) today announced results for the first quarter ended March 31, 2023. Management will host a conference call today at 11:00 a.m. ET / 8:00 a.m. PT to discuss EVgo's results and other business highlights. Revenue increased to $25.3 million in the first quarter of 2023, compared to $7.7 million in the first quarter of 2022, representing 229% year-over-year growth. Revenue growth was primarily driven by year-over-year i.

EVgo Inc. Reports First Quarter 2023 Results

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By all measures, electric vehicles' availability and sales are expanding rapidly in the U.S. In fact, in the first quarter, there were 42 EV models available, up from 34 year over year. All while EV sales soared 45% year-over-year to a record of nearly 260,000.

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LOS ANGELES--(BUSINESS WIRE)--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 2023 financial results on Tuesday, May 9, 2023. 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 First Quarter 2023 Webcast When: Tuesday, May 9, 2023 Time: 8:00 a.m. PT (11:00 a.m. ET) Live Webca.

EVgo to Report First Quarter 2023 Results on May 9, 2023

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LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO), one of the nation's largest public fast charging networks for electric vehicles (EVs), today announced it has been selected for proposed awards of $6.6 million from the California Energy Commission's (CEC) California Electric Vehicle Infrastructure Project (CALeVIP) 2.0 program.

EVgo Selected by California Energy Commission for Proposed Awards of $6.6 Million to Deploy More Than 100 New DC Fast Charging Stalls Across 17 Locations

Electric vehicles need charging stations, and EVgo is helping to supply them. The company's revenue, in turn, is soaring.

News for EVgo Stock (EVGO)