EVgo (US:EVGO) Benzinga·2025-11-11 19:10Core Viewpoint - EVgo Inc. reported a fiscal third-quarter 2025 loss of 9 cents per share, aligning with analyst expectations, while quarterly revenue increased by 37% year-over-year to $92.3 million, surpassing consensus estimates [1] Financial Performance - The company’s revenue for the quarter was $92.3 million, exceeding the consensus estimate of $91.95 million [1] - EVgo raised its fiscal 2025 sales outlook from a range of $350 million-$380 million to $350 million-$405 million [3] Analyst Insights - JP Morgan analyst Bill Peterson maintained an Overweight rating on EVgo but reduced the price target from $7 to $6, citing ongoing EV demand headwinds likely to persist through 2026 [2] - Peterson anticipates that 2026 will be a transition year for EVgo, expecting full-year EBITDA positivity and second-half profitability as charging gross profit covers fixed costs [4] - The analyst predicts that first-quarter 2026 may see an EBITDA loss due to seasonal lower miles traveled, but growth is expected to accelerate thereafter, particularly in the second half of fiscal 2026 [5] Market Position and Strategy - Despite challenges, Peterson believes EVgo will gain market share as charge rates increase, with potential commercial benefits from dynamic pricing and partnerships with autonomous vehicle companies [3] - As EVgo scales, it is expected that operating leverage will improve, supporting better profitability [5]