Core Viewpoint - The EV market is experiencing a slowdown, but EVgo Inc (EVGO) is positioned more favorably than ChargePoint Holdings Inc (CHPT) due to better utilization, partnerships, and a clearer path to sustainable returns [1][2]. Company Positioning - EVgo is an owner-operator of DC fast-charging stations and is gaining traction with original equipment manufacturers (OEMs), rideshare, and autonomous fleets, which provides strong customer momentum and an attractive asset base [5]. - ChargePoint is struggling, with its stock trading below key moving averages, indicating a bearish sentiment and limited recovery potential [6]. Market Dynamics - The muted demand for electric vehicles (EVs) is impacting discretionary hardware purchases, favoring owner-operators like EVgo over hardware-software players like ChargePoint [2]. - Potential tariffs on hardware sourced from Taiwan could increase costs for both EVgo and ChargePoint, raising concerns about profitability as EV penetration estimates have been revised down from 11% to 9% for 2025 [4]. Financial Indicators - EVgo's stock shows bullish signals, trading above the eight-day, 20-day, and 50-day simple moving averages (SMAs), although it remains below the 200-day average, which is a longer-term bearish indicator [5]. - ChargePoint's stock is in a neutral position, trading below the eight-day, 50-day, and 200-day SMAs, with most indicators remaining bearish despite a minor bullish signal from a 20-day crossover [6].

Market Capitalization Overview - The market capitalizations of various companies are listed, with TAL Education Group at 11.882 billion, Vipshop at 8.481 billion, and others showing significant values [2]. - Notable increases in market value include SouFun Technology with a rise of 9.49% and 6.96% for Lufax Holding [2]. Company Performance - TAL Education Group shows a slight decrease of 0.25% in its stock price, while Vipshop and SouFun Technology have increased by 6.38% and 7.51% respectively [2]. - Other companies like JD.com and iQIYI also show positive stock performance, with increases of 7.38% and 9.29% respectively [2]. Sector Analysis - The data indicates a mixed performance across the sector, with some companies experiencing growth while others face declines [2][3]. - Companies such as Huami and Mogujie show varied performance, with Huami experiencing a slight increase of 3.14% while Mogujie saw a decrease of 5.30% [3]. Investment Insights - The overall market sentiment appears to favor companies with strong growth metrics, as evidenced by the significant percentage increases in market value for several firms [2][3]. - The data suggests potential investment opportunities in companies that are showing consistent growth in their market capitalizations and stock prices [2].

Market Capitalization Summary - The market capitalization of various companies is highlighted, with notable figures such as 71.94 billion for an unnamed company and 69.52 billion for another [2]. - Companies like Bilibili and TAL Education have market capitalizations of 64.03 billion and 61.59 billion respectively [2]. - The lowest market capitalizations listed include 0.90672 million for Happy Car and 0.17235 million for Easy Electric [3]. Stock Performance - Stock performance shows fluctuations, with companies like Zai Lab experiencing a decrease of 0.36 (-2.72%) and 0.13 (-3.87%) for another unnamed company [2]. - Positive movements are noted for companies such as 51Talk, which increased by 0.99 (+2.74%) [2]. - The performance of companies like Huya and Xunlei shows declines of 0.11 (-4.00%) and 0.10 (-3.11%) respectively [3]. Company Highlights - Notable companies include JD.com with a market cap of 71.94 billion and TAL Education at 61.59 billion, indicating strong positions in the market [2]. - Other companies like 9F Inc. and Yatsen Global have market caps of 4.98 billion and 3.28 billion respectively, showcasing a diverse range of market sizes [2]. - The report also mentions companies with smaller market caps, such as 1.34 million for Baozun and 1.07 million for Leopard Mobile, indicating a broad spectrum of company valuations [3].

Core Insights - General Motors (GM), EVgo, and Pilot Company have successfully deployed 130 fast-charging stations across over 25 states, enhancing the EV charging infrastructure in the U.S. [1][3] - The partnership aims to establish a nationwide DC fast-charging network branded with "Pilot Flying J" and GM logos, with EVgo supplying the chargers [2][4] - Despite the progress, the partnership is still less than halfway to its goal of installing up to 2,000 charging stalls at 500 locations [4] Deployment and Infrastructure - The fast-charging stations are strategically located along high-traffic highways and interstate routes, including key corridors from Michigan to Georgia and Minneapolis to Milwaukee [1][3] - GM Energy has invested $750 million in charging infrastructure, contributing its EV battery technology to the project [4] Customer Response and Future Plans - Customers have positively rated the network on the PlugShare app, appreciating the fast charge times and amenities at Pilot and Flying J stations [5] - The partnership plans to continue expanding the network to meet the growing demand for electric vehicles [5]

Core Viewpoint - The electric vehicle (EV) market is experiencing a positive shift, with significant stock price increases for several companies, while Tesla's stock remains flat due to anticipated sales declines in early 2025 [1][2]. Group 1: Company Performance - Luminar Technologies reported a 45% sequential revenue increase to $22.5 million in Q4 2024, with cash reserves of $232.7 million. Revenue is projected to grow by 10% to 20% in 2025, driven by a tripling of LiDAR shipments, although the company expects to incur losses of $5 million to $10 million [3][4]. - Lucid Group is actively trying to capture market share from Tesla by offering a $4,000 discount for customers trading in Tesla vehicles, despite its ongoing financial losses [5]. - EVgo's stock has benefited from the rise in growth stocks, although the company reported a loss of $127 million from continuing operations in 2024 on $256.8 million in revenue, raising questions about its market differentiation and demand sustainability [6][7]. Group 2: Market Dynamics - Tesla's stock has seen a slight decline while competitors like Luminar and Lucid have gained, indicating a shift in market perception that Tesla may not dominate the EV market as previously thought [8]. - The overall EV market is showing signs of recovery, but the long-term profitability of new entrants remains uncertain, as many have yet to demonstrate sustainable profit generation [9].

EVgo Inc. (EVGO) , a leading provider of public fast-charging infrastructure in the United States, and Toyota Motor Corporation (TM) , have inaugurated their first DC fast-charging (DCFC) stations in Baldwin Park and Sacramento, CA. Developed under Toyota’s “Empact” vision, these co-branded stations, owned and operated by EVgo, feature 350kW chargers and can simultaneously serve up to eight vehicles.With a network of more than 1,100 stations across 40+ states, EVgo partnered with Toyota to enhance charging ...

Core Viewpoint - J.P. Morgan analyst Bill Peterson maintains an Overweight rating on EVgo Inc., while reducing the price forecast to $5 from $6, indicating confidence in the company's potential for substantial revenue growth despite current challenges [1][4]. Revenue Growth Drivers - EVgo's anticipated revenue growth is attributed to increased charger utilization, higher charge rates, and an expanding network footprint, potentially supported by a Department of Energy loan, even amid slower EV adoption rates [2]. Strategic Partnerships - The company has established valuable partnerships with car OEMs, ride-share services, and autonomous driving fleets, positioning itself favorably in the evolving electric vehicle market [2]. Market Challenges - Despite a modest recovery in market share, EVgo faces challenges due to concerns over Trump's economic policies, the future of EV funding programs like the IRA/BIL, and the safety of its Department of Energy loan [3]. Investor Sentiment - Investor sentiment remains cautious due to fears of "dilutive capital" needs and uncertainties surrounding EV incentives and loan security, with stock stabilization expected only after clarity on these issues [4]. Financial Estimates - FY25 revenue estimates have been lowered to $350 million from $354 million, while FY26 revenues are projected to increase to $475 million from a previous estimate of $436 million [4]. Stock Performance - EVGO shares are currently trading lower by 2.59%, at $2.445 [5].

Industry Overview - The electric vehicle (EV) charging infrastructure market is rapidly expanding globally, with China leading at over 3.2 million public charge points, followed by Europe with over 900,000, and the United States with approximately 206,000 public charging ports [1][2][3] - The U.S. is set to add more than 11,500 EV charging ports through the Bipartisan Infrastructure Law, aiming for a total of 500,000 publicly available EV chargers by 2030 [2] Company Analysis: EVgo - EVgo has seen a 35% year-over-year revenue growth in Q4 2024, driven by increased charging sessions, with a network throughput of 84 gigawatt-hours compared to 50 gigawatt-hours in the previous year [5] - The company has expanded its operational stalls from 2,980 to 4,080 and added over 133,000 accounts in the quarter [5] - A joint development agreement with Delta Electronics aims to enhance charger reliability and cost efficiency, potentially boosting EVgo's prospects [6] - Despite growth, EVgo remains unprofitable with a negative adjusted EBITDA and is vulnerable to shifts in federal policy due to its reliance on NEVI funding [8] Company Analysis: ChargePoint - ChargePoint has reduced its non-GAAP operating expenses by 42% and reported a 14% year-over-year growth in subscription revenues, reaching $38 million in Q4 [10] - The company operates 342,000 managed charging ports, benefiting from increasing EV adoption, and is not reliant on NEVI funding, providing insulation from federal policy changes [10] - ChargePoint's collaboration with General Motors aims to install hundreds of ultra-fast charging ports across the U.S. by 2025, enhancing its growth prospects [11] - The company has introduced innovative solutions to combat EV charger vandalism, which are expected to strengthen its market position [12] Financial Performance - In the trailing 12 months, EVgo shares have decreased by 9.8%, while ChargePoint shares have dropped by 64.2%, compared to a 6.1% decline in the Zacks Auto, Tires and Trucks sector [14] - EVgo's forward price/sales ratio is 1.94x, while ChargePoint's is 0.64x, indicating that both stocks are not considered cheap [16] - The Zacks Consensus Estimate for EVgo's 2025 loss is 55 cents per share, while ChargePoint's fiscal 2026 loss estimate is 19 cents per share [20][21] Investment Outlook - EVgo's high valuation is not justified given its risky growth prospects and dependence on federal policies, leading to a Zacks Rank 3 (Hold) [22] - ChargePoint, with its cost-cutting measures, growing revenues, and strong partnerships, presents a more stable investment opportunity, carrying a Zacks Rank 2 (Buy) [23]

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, 2024 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 ...

EVgo (EVGO) reported a fourth-quarter 2024 loss of 11 cents per share, narrower than the Zacks Consensus Estimate of a loss of 15 cents, as well as the year-ago period’s loss of 12 cents per share. Revenues of $67.5 million missed the Zacks Consensus Estimate of $69 million but increased 35% on a year-over-year basis due to strong growth in charging network revenues.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Key Q4 HighlightsEVgo recorded a network throughput of 84 gigawatt-hours ...