EVgo (EVGO) Soars 60.8%: Is Further Upside Left in the Stock?

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]