Core Viewpoint - EVgo's stock price dropped 27% following the announcement of a secondary offering of at least 23 million shares by EVgo Holdings, LLC, at a price of $5 per share, which is significantly lower than the previous closing price [1][4]. Company Summary - EVgo Holdings, LLC is an affiliate of LS Power Equity Partners IV, L.P., and is distinct from EVgo itself [2][3]. - The insider sale involves a significant shareholder, who owns approximately 25% of EVgo's outstanding shares, selling shares at a 21% discount to the last closing price [4][5]. - The proceeds from this sale, estimated between $115 million and $132 million before fees, will not benefit EVgo directly [3][4]. Industry Context - The market reaction indicates a lack of confidence among investors, as the sale suggests that a major shareholder is exiting the investment at a discount, raising concerns about the company's future profitability [5][6]. - Analysts predict that EVgo may continue to operate at a loss for the next decade, further complicating the investment outlook for the company [5].

Key TakeawaysEVgo said its largest investor would be selling 23 million shares of Class A common stock.The electric charging station operator reported that EVgo Holdings, an affiliate of LS Power Equity Partners, would also offer underwriters a 30-day option to buy another 3.45 million shares.EVgo will receive no proceeds from the sale. Shares of EVgo (EVGO) shorted out when the electric vehicle (EV) charging station operator announced a secondary public offering of its stock by its largest investor. The c ...

U.S. stock futures were lower this morning, with the Dow futures falling around 150 points on Tuesday.Shares of Mama’s Creations Inc MAMA fell sharply in today's pre-market trading after the company reported worse-than-expected third-quarter EPS results.Mama`s Creations reported quarterly earnings of 1 cent per share which missed the analyst consensus estimate of 4 cents per share. The company reported quarterly sales of $31.52 million which beat the analyst consensus estimate of $30.05 million.Mama’s Creat ...

Core Insights - EVgo operates a network of DC fast charging infrastructure for electric vehicles across the United States, with over 3,680 operational stalls in 40 states [1] Group 1: Company Overview - EVgo has invested hundreds of millions in capital expenditures to expand its charging network [1] Group 2: Market Position - The company is positioned as a key player in the electric vehicle charging infrastructure market, supporting the growing demand for electric vehicles [1]

Key TakeawaysEVgo announced it had closed out a $1.25 billion loan facility with the Department of Energy to construct more EV charging stations.The company will use the money to deploy 7,500 chargers nationwide over the next five years.EVgo warned that its "business will be materially and adversely affected" if it fails to meet the conditions of the loan. EVgo (EVGO) shares went on a roller coaster ride Friday after the electric vehicle charging station maker received $1.25 billion in loan guarantees from ...

EVgo, Inc. (EVGO) has finalized a $1.25 billion guaranteed loan from the U.S. Department of Energy (“DOE”) Loan Programs Office under the Title 17 Clean Energy Financing Program. The loan features a 17-year term with capitalized interest during a five-year deployment period starting in 2025. This funding will support the construction of 7,500 new fast-charging stalls across the country, significantly expanding EVgo’s public charging network. By 2029, this expansion will bring EVGO’s owned and operated fast ...

EVgo Inc EVGO electrified investors by securing a $1.25 billion Department of Energy (DOE) loan guarantee. According to JPMorgan analyst Bill Peterson, this milestone sets EVgo up to deploy over 7,500 fast-charging stalls in five years and avoid equity dilution, marking a pivotal step in the company's growth story.Peterson, who recently upgraded EVgo to Overweight, called the loan closure "an early holiday gift to investors." Covering 80% of project costs, the DOE loan frees EVgo from raising additional equ ...

I am initiating coverage on EVgo, Inc. (NASDAQ: EVGO ) with a "Buy" rating and an investment horizon of 24 months. I believe that EVgo is among the bestAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any ...

ESG Investment Opportunities in 2025 - Sustainable investing faces mixed signals, but select stocks are well-positioned to benefit from ESG catalysts despite broader sustainable funds underperforming in 2024 [1] - JPMorgan analysts highlight macro tailwinds and evolving sustainable investing trends as key drivers for these stocks [1] Electric Vehicles & Charging Networks - EVgo Inc (EVGO) is poised to capitalize on the ongoing EV boom, with its charging network expected to see increased traffic and revenue growth due to rising EV adoption [2] - Supportive government policies and an expanding customer base position EVgo for solid growth in 2025 [2] - JPMorgan analysts are bullish on EVgo, expecting it to be a top ESG pick as the EV sector gains momentum [3] Green Energy & Hydrogen - Plug Power Inc (PLUG) is strategically positioned in the clean energy sector, with a focus on hydrogen fuel cells [4] - The anticipated finalization of the IRA 45V production tax credit guidance in 2025 could unlock stalled projects, particularly electrolyzers, driving higher revenue growth [4] - JPMorgan analysts view Plug Power as an exciting ESG pick due to its green energy solutions and potential tax incentives [5] Building Materials & Green Construction - TopBuild Corp (BLD) is set to benefit from new HUD regulations in 2025 requiring stricter energy efficiency standards for homes [6] - As a distributor and installer of insulation, TopBuild is well-positioned to capitalize on the rising demand for sustainable construction [6] - JPMorgan analysts note TopBuild's exposure to green building trends offers solid long-term growth potential [7] Recycled Materials & Eco-Friendly Products - The AZEK Co Inc (AZEK) is focusing on sustainability by increasing the use of recycled PVC and PE materials in its products [8] - With green building trends on the rise, AZEK's commitment to eco-friendly construction materials positions it to gain market share in 2025 and beyond [8] - JPMorgan highlights AZEK as a solid choice for investors seeking exposure to green building solutions [9] Green Hydrogen Projects - Air Products & Chemicals Inc (APD) is involved in high-profile green hydrogen initiatives, including the NEOM project in Saudi Arabia and a blue hydrogen facility in Louisiana [10] - With demand for clean hydrogen expected to surge, APD's ability to scale projects and secure long-term contracts could drive substantial earnings growth [10] - JPMorgan analysts believe APD is poised for strong long-term performance in the ESG space despite potential short-term volatility [11] ESG Catalysts in 2025 - Several key stocks are primed to benefit from macro trends in 2025, including EV charging networks, green hydrogen, and eco-friendly construction [12] - JPMorgan analysts believe ESG-focused investors have much to look forward to as performance continues to drive these sectors forward [12]

The end of the year, a typically bullish period for the S&P 500 Index (SPX), is quickly approaching. And with President-elect Donald Trump making his cabinet picks, this is shaping up to be an interesting start to the new year. With this in mind, we're taking a look at electric vehicles (EV), a sector that's being closely monitored given Trump's plans for harsh tariffs on China and his close ties with Tesla (TSLA) CEO Elon Musk.Rivian Automotive Inc (NASDAQ:RIVN) is making big moves today, last seen 13.9% h ...