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 ...

Richard Newstead/Moment via Getty Images EVgo (NASDAQ:EVGO) is a leading player in the US electric vehicle / EV charging space, operating a network of over 2,700 fast charging stations with over 785,000 customer accounts as of September 2023. They focus on DC fast charging, which can significantly reduce charging time compared to regular outlets. The company went public on NASDAQ in 2020 at $9.8 on debut day. However, partly due to the post-pandemic challenging macro situation, all-time share performance ha ...

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO), one of the nation’s largest public fast charging networks for electric vehicles (EVs), today announced the awardees of its second annual National EV Charging Recognition Program, presented by Connect the Watts™. Launched in 2022, the program celebrates leaders in deployment excellence, recognizing EV Charging Heroes from all areas of the EV charging ecosystem based on an evaluation of their commitment to fast charger deployment via innovative actions, ...

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (Nasdaq: EVGO) (“EVgo” or the “Company”), one of the nation’s largest public fast charging networks for electric vehicles (EVs), today announced certain preliminary financial and operating results for fiscal year 2023. The Company announced preliminary 2023 throughput of approximately 130 gigawatt-hours (“GWh”). Utilization on the EVgo network in December 2023 was over 19% up from 15% in September 2023. EVgo ended 2023 with over 3,500 stalls in operation or under cons ...

In 2023, EV charging stocks had difficulty, led by ChargePoint (NYSE:CHPT) which lost more than 75% of its value. ChargePoint saw its revenues fall by 12% during the most recent quarter with losses nearly doubling. Combine that with greater troubles across the EV sector, and it’s easy to understand the reason it fell dramatically.Regardless, the EV charging sector is bigger than ChargePoint alone. The necessity of building out EV infrastructure remains. Currently, the sector is experiencing a common phase t ...

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the nation’s largest public fast charging networks for electric vehicles (EVs), today announced an extension of its agreement with Toyota Motor North America, Inc. (Toyota) to provide drivers who purchase or lease a new 2024 bZ4x with one year of complimentary fast charging on EVgo’s nationwide network. First announced in February 2022, the ongoing collaboration between EVgo and Toyota to offer complimentary charging ...

EVgo, Inc. (NASDAQ:EVGO) Q3 2023 Earnings Conference Call November 8, 2023 11:00 AM ET Company Participants Heather Davis - VP, IR Catherine Zoi - CEO & Director Badar Khan - Incoming CEO Olga Shevorenkova - CFO Conference Call Participants Christopher Dendrinos - RBC Capital Markets James West - Evercore ISI William Peterson - JPMorgan Chase & Co. Christopher Pierce - Needham & Company Andres Sheppard - Cantor Fitzgerald Gabriel Daoud - TD Cowen Operator Thank you for standing by. My name is Ian, and I wi ...

Revenues grew 234% year-over-year, driven by increases in charging revenues and eXtend Retail charging revenue increased 158% on YoY basis • • Achieved 15%+ utilization network average in September 2023 EVgo Network Throughput and US EV VIO2 Growth Rebased to 100% as of Q3 2022 . . . . Total liabilities 248,862 212,598 | --- | --- | --- | --- | --- | |------------------------------------------------------------------------------------|-------|-----------------|---------------|------------| | (unaudited, in ...