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EVgo Announces Chief Financial Officer Transition
Globenewswire· 2025-12-11 12:00
Core Viewpoint - EVgo has appointed Keefer Lehner as Chief Financial Officer effective January 12, 2026, to support its growth in the electric vehicle charging sector and has reiterated its financial guidance for 2025 [2][4][5]. Leadership Transition - Keefer Lehner will succeed Paul Dobson, who is retiring but will remain in an advisory role until March 2026 to ensure a smooth transition [2][4]. - Lehner brings nearly 20 years of experience in finance and operations, having previously served as CFO at KLX Energy Services and co-founded Quintana Energy Services [3][9]. Strategic Importance - The appointment of Lehner is seen as crucial for EVgo as it aims to accelerate the nationwide buildout of its EV charging infrastructure [4]. - CEO Badar Khan emphasized Lehner's experience in scaling businesses and his commitment to advancing EVgo's strategic priorities [4]. Financial Guidance for 2025 - EVgo has reiterated its financial guidance for 2025, projecting total revenue between $350 million and $365 million, with potential ancillary upside of up to $40 million, bringing the total possible revenue to $405 million [5][6]. - The company expects an Adjusted EBITDA loss between $(15) million and $(8) million, with potential ancillary upside of up to $31 million, resulting in a possible loss range of $(15) million to $(23) million [6]. Company Overview - EVgo is one of the largest public fast charging networks for electric vehicles in the U.S., operating over 1,100 fast charging stations across 47 states [10]. - The company partners with various businesses to deploy accessible charging infrastructure and conducts interoperability testing at its Innovation Lab [10].
Serve Robotics ($SERV) | New Horizon Aircraft ($HOVR) | XCharge ($XCH) | Faraday Future ($FFAI)
Youtube· 2025-12-05 13:15
Group 1: Autonomous Delivery Services - Serve Robotics is expanding its autonomous sidewalk delivery service into Fort Lauderdale, enhancing its presence in South Florida's delivery market [1] - Customers can now receive Uber Eats via Serve's AI-powered robots, providing more sustainable and efficient delivery options [2] Group 2: Electric Vehicle Infrastructure - Xcharge is partnering with Fast Charging to deploy a large-scale EV charging network across Mexico, starting with 440 charging points at Soriana's 780 supermarket locations by the end of 2026 [3] - The project aims to build Mexico's largest ultra-fast charging network and significantly reduce transportation emissions [3] Group 3: Aircraft Development - New Horizon Aircraft has partnered with Motion Applied to develop a lightweight high-efficiency motor drive inverter for its hybrid electric Cavaret X 7V toll aircraft [2] - The custom silicon carbide inverter will enhance power density, efficiency, and range as Horizon progresses towards a full-scale prototype and aircraft certification [2] Group 4: Vehicle Production - Faraday Future has received the first shipment of FX Super 1 multi-purpose vehicle parts at the Port of Long Beach, moving closer to pre-production at its California facility by year-end [3] - The FX Super 1 is designed as an affordable mass-market vehicle with a spacious tech-rich interior and planned all-wheel drive options in both battery electric and future AI hybrid versions [4]
Stifel Cuts EVgo (EVGO) PT to $7.50, Reaffirms Buy Rating
Yahoo Finance· 2025-12-04 04:29
Core Viewpoint - EVgo, Inc. is recognized as a leading investment opportunity in the EV charging sector, with analysts maintaining positive ratings despite a slight reduction in price targets [1][2][3]. Group 1: Analyst Ratings and Price Targets - Stifel has reiterated a Buy rating on EVgo shares, lowering the price target from $8.00 to $7.50, citing the company's focused growth in fast-charging infrastructure and progress on a Department of Energy loan [2]. - Cantor Fitzgerald has maintained an Overweight rating on EVgo shares with a price target of $7, highlighting the company's strong charger use rates and steady traffic at its stations, indicating the stock is undervalued [3]. Group 2: Company Overview and Operations - EVgo, Inc. is a pure-play EV charging company that operates one of the largest public fast-charging networks in the United States, utilizing 100% renewable electricity for its chargers [4]. - The company supports both individual EV drivers and fleet operators, positioning itself as a key player in the growing EV infrastructure market [4]. Group 3: Financial Outlook - EVgo is making strides towards achieving breakeven adjusted EBITDA by Q4 2025, with ongoing reductions in capital spending per charging stall and updates to 2025 guidance that include potential revenue from ending old contracts and selling fleet sites [2].
X @Tesla Owners Silicon Valley
Tesla Owners Silicon Valley· 2025-11-12 19:09
RT Tesla Owners Silicon Valley (@teslaownersSV)From X Takeover to TOFL’s camping trip, @DeCharge continues to build alongside the Tesla community!They've created the world's only community-owned EV charging network, allowing anyone to create their own EV charging business and:- 🪙 Earn each time their charger is used- 🔌 Expand their local charging network- ⚡️ Join a growing community of EV pioneers ...
X @Tesla Owners Silicon Valley
Tesla Owners Silicon Valley· 2025-11-12 13:55
From X Takeover to TOFL’s camping trip, @DeCharge continues to build alongside the Tesla community!They've created the world's only community-owned EV charging network, allowing anyone to create their own EV charging business and:- 🪙 Earn each time their charger is used- 🔌 Expand their local charging network- ⚡️ Join a growing community of EV pioneers ...
X @Tesla Owners Silicon Valley
Tesla Owners Silicon Valley· 2025-11-04 14:57
Company Overview - DeCharge 致力于与 Tesla 社区共同发展 [1] - DeCharge 正在构建全球唯一的社区拥有的电动汽车充电网络 [1] Business Model - 该网络允许任何人创建自己的电动汽车充电业务 [1] - 用户可以通过使用他们的充电器来赚钱 [1] - 用户可以扩展其本地充电网络 [1] Call to Action - 鼓励用户立即预订充电器,并加入创始的 100 位所有者,以获得最佳折扣 [1] - 邀请用户加入不断壮大的电动汽车先驱社区 [1]
Blink Charging Awarded Contract to Develop EV Charging Infrastructure for City of Richmond
Globenewswire· 2025-10-01 15:00
Core Insights - Blink Charging Co. has been awarded a contract by the City of Richmond to establish a network of electric vehicle (EV) charging stations, marking a significant step in enhancing the city's EV infrastructure [1][2]. Company Overview - Blink Charging Co. is a leading global provider of EV charging equipment and services, facilitating the transition to electric transportation through innovative solutions [5]. - The company's offerings include the Blink Network, which utilizes proprietary cloud-based software to operate and maintain EV charging stations and track associated charging data [5]. Contract Details - The agreement with the City of Richmond involves identifying and deploying critical EV infrastructure, including site assessment, installation, maintenance, and training services [3]. - Blink will collaborate with four other vendors to provide public charging solutions for residents and visitors, aligning with the city's climate goals [2][3]. Strategic Importance - This collaboration supports the City of Richmond's commitment to net zero strategies as outlined in the RVAgreen Climate Equity Action Plan 2030, promoting a sustainable environment [4]. - The partnership is expected to enhance the EV driver experience in the region, addressing the growing need for charging stations [4].
X @Tesla Owners Silicon Valley
Tesla Owners Silicon Valley· 2025-09-30 13:54
Partnerships - Tesla community partners with DeCharge, a community-owned EV charging network [1] Business Model - DeCharge enables individuals to install EV chargers and monetize idle space [1] Industry Focus - The partnership aims to expand EV charging infrastructure [1]
X @Tesla Owners Silicon Valley
Tesla Owners Silicon Valley· 2025-09-25 15:17
Partnerships - Tesla 与社区拥有的电动汽车充电网络 @DeCharge__ 合作 [1] - 合作旨在支持 DeCharge,允许任何人在最需要的地方安装充电桩,并将闲置空间转变为蓬勃发展的电动汽车业务 [1] Industry Focus - 行业关注点在于通过社区驱动的充电网络扩展电动汽车充电基础设施 [1]
Collaborations With GM, Eaton Spark Optimism for ChargePoint’s Growth Prospects
Yahoo Finance· 2025-09-11 16:06
Core Insights - ChargePoint Holdings, Inc. is recognized as one of the top 10 EV stocks to buy according to hedge funds, indicating strong market interest and potential investment opportunities [1] - The company reported a revenue of $98.59 million for Q2 2025, surpassing analyst estimates by 3.3%, although this represents a 9.2% decline compared to the same quarter last year [2] - Collaborations with General Motors and Eaton are expected to enhance ChargePoint's growth prospects, with plans to deploy up to 500 ultra-fast charging ports across the U.S. by the end of 2025 [3] Financial Performance - ChargePoint achieved revenue of $98.59 million in Q2 2025, which is a 9.2% decrease year-over-year [2] - The company’s performance has led to mixed opinions among analysts, with some reducing their price targets, such as RBS Capital lowering it from $20 to $10 [2] Collaborations and Partnerships - The partnership with General Motors aims to install up to 500 ultra-fast charging ports at public locations in the U.S. by the end of 2025, which is expected to drive growth [3] - Collaboration with Eaton focuses on creating joint EV charging and energy management solutions for North America and Europe, further enhancing growth expectations [3] Industry Position - ChargePoint is a leader in the EV charging industry and operates one of the largest and most comprehensive EV charging networks globally [4] - The company has garnered interest from 19 hedge funds, indicating confidence in its market position and future prospects [3]