Yes, EVgo is publicly traded on Nasdaq under the ticker symbol EVGO, making it accessible to all investors. Contact online >>
Yes, EVgo is publicly traded on Nasdaq under the ticker symbol EVGO, making it accessible to all investors.
Based on current bullish sentiment and undervaluation indicators, it could be a good time to buy EVgo stock.
EVgo is currently growing its revenue, with a 31.8% increase year over year, but profitability remains a future goal as the company continues to scale.
EVgo, Inc. is a leading electric vehicle (EV) charging solution provider in the United States. The company operates an extensive public fast-charging network across 34 states, with over 900 fast and 800 Level 2 chargers. EVgo''s mission is to accelerate the transition to a clean energy future by providing reliable and convenient charging solutions for electric vehicles. The company is headquartered in Los Angeles, California, and was founded in 2010.
EVgo''s management team is led by Chief Executive Officer Cathy Zoi, who has over 30 years of experience in energy and environmental policy. Zoi previously served as Assistant Secretary of Energy for Energy Efficiency and Renewable Energy in the Obama administration. Other key members of EVgo''s management team include Chief Technology Officer Ivo Steklac, who has over 25 years of experience in technology and operations, and Chief Financial Officer Olga Shevorenkova, who has over 20 years of experience in operations and engineering.
Regarding financials, EVgo has reported revenue up over the past several years. The company''s net income has been in the negative since the company''s inception. EVgo''s current market valuation is approximately $3.5 billion, with a price-to-sales ratio higher than the industry average and a price-to-book ratio much lower than industry averages.
As for market performance, EVgo''s stock price has been volatile in recent months, with price movements in response to news and announcements related to the EV industry.
EVgo operates in a rapidly growing industry, with the global market for electric vehicle charging expected to grow at a compound annual growth rate (CAGR) of 37.5% from 2021 to 2028, according to a report by Grand View Research. The industry is also highly competitive, with other significant players including ChargePoint, Electrify America, and Tesla.
One of the key growth opportunities for EVgo is expanding its charging network in terms of the number of chargers and geographical coverage. The company recently announced plans to install over 2,000 new fast chargers by the end of 2025, doubling its current network. Additionally, EVgo is exploring opportunities to partner with automakers to offer bundled charging solutions to customers.
However, there are also several risks and challenges facing EVgo. One of the major risks is the potential for regulatory changes that could impact the growth and profitability of the EV charging industry. For example, some states have proposed legislation limiting the fees that EV charging companies can charge customers. Another risk is the potential for changes in consumer preferences or technological advancements that could disrupt the EV charging industry.
EVgo has received a consensus rating of Buy. The company''s average rating score is 3.00, and is based on 8 buy ratings, 2 hold ratings, and no sell ratings.
EVgo has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Earnings for EVgo are expected to grow in the coming year, from ($0.41) to ($0.36) per share.
The P/E ratio of EVgo is -15.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
EVgo does not currently pay a dividend.
EVgo does not have a long track record of dividend growth.
In the past three months, EVgo insiders have sold more of their company''s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $856,966.00 in company stock.
66.96% of the stock of EVgo is held by insiders. A high percentage of insider ownership can be a sign of company health.
Only 17.44% of the stock of EVgo is held by institutions.
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After-Market: $6.53 +0.02 (0.31%) 7:58 PM ET
This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.
Zacks Rank
Definition
Annualized Return
1
Strong Buy24.10%
2
Buy17.80%
3
Hold9.50%
4
Sell2.70%
5
Strong Sell2.70%
S&P
50011.20%
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