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EVgo, Inc. (EVGO) Aims to Build at least 150 Fast Charging Stalls a Year Through 2035
Yahoo Finance· 2026-02-20 16:05
Group 1: Expansion Plans - EVgo plans to install at least 150 fast charging stalls annually at Kroger Family of Stores locations across the U.S. by 2035, building on a partnership initiated in 2022 [1] - The company aims to expand its NACS connector network, targeting over 500 connectors by the end of 2026 after a successful pilot in 2025 that installed approximately 100 connectors in 22 major metropolitan areas [2] Group 2: Financial Performance - EVgo reported $92.3 million in overall revenue for the latest quarter, reflecting a 37% increase year-over-year [3] - Charging network revenue reached $55.8 million, marking a 33% year-over-year growth, with network throughput hitting 95 GWh and a total of 4,590 stalls [3] - The company's cash balance stood at $201 million [3] Group 3: Service Offerings - EVgo provides electric vehicle charging station services, including the EVgo network, Freedom Station plans, and home and workplace charging options [4]