Core Viewpoint - EVgo Inc is set to report its fourth-quarter earnings, with Wall Street anticipating a loss of 9 cents per share and revenues of $69.10 million, while the stock has seen a significant decline of 9.62% over the past year and 38.31% year-to-date [1]. Group 1: Stock Performance and Technical Indicators - EVgo stock is currently priced at $2.61, remaining below all major moving averages, indicating a strongly bearish trend, with the 200-day moving average at $4.27 [1]. - The Moving Average Convergence Divergence (MACD) indicator is at negative 0.29, signaling weak momentum, while the Relative Strength Index (RSI) is at 29.31, suggesting the stock is in oversold territory [2]. - Despite the bearish technical setup, the deeply oversold RSI indicates a potential for a short-term relief rally if buyers enter the market [2]. Group 2: Analyst Ratings and Price Targets - The consensus analyst rating for EVgo stock is currently a Buy, with an average price target of $6.97, suggesting a potential upside of 132.14% [4]. - Recent analyst ratings from JPMorgan and UBS support an average price target of $6, indicating significant upside potential from the current trading price of $2.44 [4].

Core Insights - The electric vehicle (EV) charging network, particularly EVgo, is experiencing significant growth ambitions despite a recent stall in overall electric vehicle sales in the United States [2][3]. Company Overview - EVgo operates one of the largest networks of charging stations in the U.S., with over 1,100 locations and 3,680 charging ports, aiming to capitalize on the growth of electric vehicles [4]. - Unlike Tesla's integrated network, EVgo provides charging solutions for non-Tesla electric vehicle owners, positioning itself as a necessary alternative to home charging [5]. Market Dynamics - In Q3 2024, EVgo's charging throughput grew by 111%, indicating rapid growth, particularly as non-Tesla electric vehicle sales increased by 18% year-over-year to 178,000 units [6]. - EVgo's revenue surged by 92% year-over-year to $62.5 million, with trailing-12-month revenue increasing by 1,530% since March 2021, highlighting its status as one of the fastest-growing businesses globally [7]. Future Growth Potential - Fully electric vehicles currently represent less than 10% of total vehicle sales in the U.S., but there is potential for this figure to rise significantly over the next decade, which would drive demand for EVgo's services [8]. - Projections suggest that EVgo's revenue could reach $2 billion or more in 10 years, assuming a continued annual growth rate of 23%, supported by federal financial backing [10]. Profitability Outlook - While revenue growth appears promising, profitability remains a concern, with EVgo's gross margin recently improving to around 10% but still considered thin [9]. - Assuming gross margins can improve to 15% over time, a net margin of 5% on projected revenues could yield $100 million in annual net income, suggesting a favorable valuation for EVgo's stock in the long term [11].

Core Insights - The EV charging stocks have faced significant challenges recently, coinciding with increased uncertainty in the industry due to recent actions by the Trump Administration [1] Industry Overview - The EV charging sector is currently experiencing a rough period, marked by a lack of positive developments and heightened uncertainty [1]

Core Viewpoint - The electric vehicle (EV) charging station industry is experiencing high growth, and while some funding questions have been addressed, additional factors must align for success [1] Group 1: Industry Insights - The EV charging station sector is characterized by significant growth potential, indicating a favorable market environment for companies like EVgo [1] - Despite the positive outlook, there are substantial challenges that could hinder the industry's progress and individual company performance [1] Group 2: Company Analysis - EVgo has the potential to outperform the market, but there are serious concerns regarding its odds of success in the current landscape [1]

Core Insights - EVgo is positioned in a growing industry focused on electric vehicle (EV) charging infrastructure, which is essential for the transition from combustion engines to EVs [2][8] - The company has made significant progress, operating around 1,100 charging stations with over 3,600 stalls, and has seen a year-over-year increase of over 33% in the number of stalls [3][4] - Despite impressive growth metrics, EVgo continues to face substantial costs, resulting in losses, with a reported increase in loss per share of more than 20% in Q3 2024 [5][6] Company Overview - EVgo builds and operates electric vehicle charging stations, which are crucial for supporting the widespread adoption of EVs [2] - The company has expanded its customer accounts by 57% year over year and achieved revenue growth of over 90% [4] Financial Performance - EVgo generates a gross profit, indicating that the revenue from its charging network exceeds operational costs, but overall expenses lead to net losses [6] - The company's cash reserves decreased by approximately 25% in the first nine months of 2024, highlighting the significant capital expenditures required for infrastructure development [7] Market Position and Future Outlook - Although EVgo's stock has declined since its peak in 2021, the long-term opportunity remains intact, potentially improving with the gradual shift towards EVs [8] - The substantial costs associated with building and maintaining the charging infrastructure suggest that EVgo may continue to operate at a loss for an extended period, making it a more suitable investment for aggressive investors [9]

Core Viewpoint - The recent federal directive has negatively impacted EV charging stocks, particularly EVgo, which saw a decline of over 7% in its shares, contrasting with the S&P 500's sub-1% decline [1]. Group 1: Federal Government Directive - The Trump administration halted a $5 billion initiative aimed at expanding EV charging infrastructure along U.S. highways, directing states to stop their participation in the National Electric Vehicle Infrastructure (NEVI) Formula Program [2]. - Plans approved by former President Joe Biden are now suspended until new guidelines are issued by the Transportation Department [3]. Group 2: Impact on Industry - The suspension of the program is detrimental to specialist EV charging companies and affects car manufacturers like Tesla that are involved in charging networks [3]. - Some states, such as Pennsylvania, are not complying with the directive and continue to operate their awarded projects, although future developments in these states appear uncertain [4]. Group 3: Market Reaction - There is potential for backlash from the charging segment and the broader auto industry, which may lead the administration to reconsider its decision [5]. - Despite the government's previous support, EV charging stocks have not performed well in the market, indicating limited investment opportunities at this time [5].

Core Viewpoint - The recent decline in EVgo's stock price presents a potential buying opportunity despite challenges in the electric vehicle (EV) market due to policy changes and competition [1][3]. Company Overview - EVgo operates a public EV charging network rather than manufacturing electric vehicles, with a market cap of approximately $1 billion and around 1,100 fast-charging stations across 40 U.S. states, serving over 1.2 million account holders [4][5]. Industry Context - The U.S. has a total of 69,632 electric vehicle charging stations supporting over 195,000 charging ports, with ChargePoint and Tesla being the dominant players [5]. - Despite a slowdown in the growth rate of EV sales, the overall sales of electric vehicles reached a record of approximately 1.3 million units last year, indicating continued demand [8][9]. Growth Potential - EV sales are projected to account for 10% of new car sales in the U.S. by 2025, up from 7.5% in 2024, suggesting a positive long-term trend for the industry [9]. - The domestic EV charging station market is expected to grow at an annualized rate of 34% through 2032, driven by the demand for direct current fast charging (DCFC) stations, which EVgo primarily operates [11].

Core Viewpoint - EVgo, a leading electric vehicle (EV) charging network company, is currently undervalued with potential for recovery as it expands its operations and improves financial metrics despite challenges in the EV market [1][10]. Company Overview - EVgo was established in 2010 as part of a settlement involving NRG Energy and the California Public Utilities Commission, with an initial investment of $100 million to create an EV charging network [2][3]. - The company went public in July 2021 through a SPAC merger, with an initial stock price of $15.05, but has since declined to approximately $3 [1][2]. Financial Performance - EVgo's revenue grew from $22 million in 2021 to $161 million in 2023, closely aligning with its pre-IPO projections [3]. - The company expects its revenue for the full year to rise by 55%-65% to between $250 million and $265 million, while adjusted EBITDA is projected to improve from negative $59 million to between negative $32 million and negative $28 million [8][9]. Operational Metrics - As of Q3 2023, EVgo operates 2,740 charging stalls, with projections to increase to 3,680 by Q3 2024 [7]. - The network throughput is expected to grow from 37 GWh in Q3 2023 to 78 GWh by Q3 2024, and total customers are anticipated to rise from 785,000 to 1.2 million in the same period [7]. Market Position and Competition - EVgo faces competition from major players like Tesla and ChargePoint, but maintains a partnership with General Motors, which helps drive customer traffic to its network [5][12]. - The company has increased its number of outstanding shares by 90% since going public, which poses a dilution risk [11]. Future Outlook - Analysts project EVgo's revenue to grow by 41% in 2025 to $362 million, with a positive adjusted EBITDA of $7 million, and further growth to $479 million in 2026 with an adjusted EBITDA of $50 million [9]. - The company aims to triple the size of its EV charging network by 2029, supported by financial backing from the U.S. Department of Energy [10][12].

When JPMorgan analyst Bill Peterson spoke about the clean energy space for 2025, his focus was on EVgo Inc EVGO and Enovix Corp ENVX as top picks, citing their better positioning for growth and profitability despite looming policy challenges.However, while those stocks stand out, what about ChargePoint Holdings Inc CHPT and Plug Power Inc PLUG? Are these other players in the clean energy field being unfairly overlooked? Let’s break it down.EVgo: Powering Ahead With EV ChargingEVgo is being highlighted as a ...

Core Viewpoint - EVgo is positioned to benefit from the ongoing transition to a fully electric fleet in the US, indicating a potential growth opportunity with a projected upside of 150% [1]. Company Summary - EVgo is set to experience accelerated growth, supported by a $1.25 billion loan from the Department of Energy (DOE) [1]. Industry Context - The transition to electric vehicles (EVs) in the US is gaining momentum, which is expected to create favorable conditions for companies like EVgo that are involved in the EV infrastructure space [1].