Exhibit 99.1 EVgo Inc. Reports Record First Quarter 2024 Results Los Angeles – May 7, 2024 – EVgo Inc. (Nasdaq: EVGO) ("EVgo" or the "Company") today announced results for the first quarter ended March 31, 2024. 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. Business Highlights 1 ● Revenue reached a record $55.2 million in the first quarter, representing an increase of 118 % year-over-year. ● Network throughput reached a ...

Charging electric vehicles (EVs) in the U.S. is about to get easier. EV charging company EVgo (NASDAQ:EVGO) just announced that it will be expanding its Autocharge+ program to 50 EVs with Plug & Charge capabilities.What does this mean? Well, anyone with an EV falling into that category will be able to simply pull up, plug in and “skip the time required to access an app, credit card, or RFID.”This development hasn’t boosted EVGO stock yet today. However, that doesn’t mean investors shouldn’t pay attention to ...

U.S. equities have continued to trend downward as investors and market analysts reassess the prospects of a market crash. As of last Friday, the S&P 500 has increased by 9.11% on a year-to-date (YTD) basis, while the Nasdaq has risen 6.91%. These figures are well below where the indices had risen after Q1 wrapped: both had risen above 10% for the year. The burgeoning electric vehicle (EV) market has also seen better days. Slower sales growth and price wars have impacted many EV stocks to buy. The Global X A ...

EV demand in the U.S. is being weighed down by high interest rates and consumers’ increased preference for hybrid vehicles. Still, the number of EV sales continues to climb year-over-year and, according to Barron’s, EVs’ share of the overall U.S. auto market even increased slightly in Q1 to 7%. Moreover, the recent increases in oil prices, along with the U.S. Federal Reserve’s upcoming rate cuts, should cause the demand for EVs to increase going forward. So for the U.S. EV market, it’s very much a case of d ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For The Transition Period From To Commission file number: 001-39572 EVgo Inc. (Exact name of registrant as specified in its charter) Delaware 85-2326098 (State or other jurisdiction of in ...

1 Earnings Call Important Cautionary Statements and Notices | --- ...

EVgo Inc. (EVGO) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.22. This compares to loss of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 45.45%. A quarter ago, it was expected that this company would post a loss of $0.28 per share when it actually produced a loss of $0.09, delivering a surprise of 67.86%.Over the last four quarters, the company has surpassed cons ...

Wall Street expects a year-over-year decline in earnings on higher revenues when EVgo Inc. (EVGO) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on March 6. On t ...

Given how precipitously shares of EVgo (EVGO -2.26%) have fallen in recent months, this week's rally in the electric vehicle (EV) charging stock may have caught many by surprise. EVgo's share price surged by 16.5% at its highest point in trading this week through 10 a.m. ET Friday, according to data provided by S&P Global Market Intelligence.EVgo's revenue is growing steadilyEVgo last reported quarterly numbers in November, and they were impressive. Revenue surged by 234% year over year to $35.1 million in ...

EVgo Inc. (EVGO) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual investors ...