U.S. stock futures were higher this morning, with the Dow futures gaining over 50 points on Friday. Shares of Rivian Automotive, Inc. RIVN fell sharply in today's pre-market trading after the company lowered its annual production guidance due to supply shortage of shared component on the R1 and RCV platforms. The company produced 13,157 vehicles at its manufacturing facility in Normal, Illinois, and delivered 10,018 cars during the same period. Rivian is experiencing a supply shortage that began in the thir ...

Company Overview - EVgo Inc. (EVGO) shares increased by 60.8% to close at $6.32, following a $1.05 billion conditional loan guarantee from the U.S. Department of Energy to expand its charging network [1] - The company plans to install approximately 7,500 new fast-charging stations nationwide by 2030 [1] Financial Performance - EVgo is expected to report a quarterly loss of $0.10 per share, reflecting an 11.1% decrease year-over-year [2] - Revenue expectations for the upcoming quarter are $66.45 million, which represents an 89.3% increase compared to the same quarter last year [2] Earnings Estimates - The consensus EPS estimate for EVgo has been revised 3.3% lower over the last 30 days [3] - A negative trend in earnings estimate revisions typically does not lead to price appreciation, indicating potential caution for future stock performance [3] Industry Context - EVgo operates within the Zacks Automotive - Original Equipment industry, which includes other companies like Driven Brands Holdings Inc. (DRVN) [3] - Driven Brands Holdings has an unchanged consensus EPS estimate of $0.22 for the upcoming report, representing a 10% increase from the previous year [4]

As the electric vehicle (EV) industry pursues mainstream adoption, the demand for robust charging infrastructure is more critical than ever. With global efforts to combat climate change and reduce reliance on fossil fuels, governments, automakers and technology providers are focused on building a system that supports electric mobility. This shift is reshaping the auto industry and driving investment in charging networks, battery technology, and renewable energy sources. On Thursday (Oct. 3) EVgo, an electri ...

Key Takeaways EVgo received a conditional $1.05 billion loan guarantee from the Department of Energy to install public EV charging stations. The company expects to put 7,500 fast-charging stalls around the U.S. by 2030. JPMorgan upgraded EVgo's stock, saying it will outperform its rivals' shares in the next few years. EVgo (EVGO) shares soared 50% Thursday after the electric vehicle (EV) charging station provider received a $1.05 billion conditional government loan guarantee to install public EV chargers. T ...

EVgo Inc (NASDAQ:EVGO) stock is 33.8% higher premarket, looking to open at $5.26 after a bull note from J.P. Morgan Securities. The firm upgraded the electric vehicle (EV) charging name to "overweight" from "natural," noting the company's fast-charging owner-operator model is scaling well with more utilization. In addition, the U.S. will grant EVgo a conditional loan guarantee of up to $1.05 billion to expand its public EV charging infrastructure. Coming into today, six of 13 covering brokerages rated EVgo ...

I I I l - I 1 the state IF T n T sanfel Introduction EVgo (NASDAQ:EVGO) is one of the leading companies in the distribution, operation and building infrastructure for electric vehicle charging solutions in the US. The company has over 1,000 fast charging points in over 35 states. EVgo is in constant development to meet the expected mass adoption of electric vehicles for commercial fleets, individual drivers and businesses. Recently, EVgo the company has recorded a double-digit charging revenue after deliver ...

Justin Paget Investment Summary My recommendation for EVgo, Inc. (NASDAQ:EVGO) is a buy rating. EVGO provides investors with an avenue to gain exposure to the long-term growth of electric vehicle adoption without bearing the risk of choosing which OEM is the best. Since EVGO operates the underlying charging stations, it benefits directly from industry growth. Notably, it has attractive growth tailwinds that can drive faster growth than the EV industry. Business Overview EVGO EVGO owns and operates a public ...

EVgo Inc. (EVGO) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.08 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 9.09%. A quarter ago, it was expected that this company would post a loss of $0.11 per share when it actually produced a loss of $0.09, delivering a surprise of 18.18%. Over the last four quarters, the company has surpassed con ...

About this content Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The Canberra Times, an ...

Some believe that the Street always values companies more or less correctly and is never completely wrong about companies' outlooks. But history shows this concept is completely incorrect. In the last few years, the Street massively underestimated the value of two stocks that large investors completely overlooked: Super Micro Computer (NASDAQ:SMCI) and American Superconductor (NASDAQ:AMSC). Here are three overlooked small-cap stocks that can similarly become beloved by the Street. Given Redwire's strong pos ...