Equities Analysts Set Expectations for EVgo FY2025 Earnings

EVgo, Inc. (NYSE:EVGO - Free Report) - Research analysts at Cantor Fitzgerald issued their FY2025 earnings estimates for shares of EVgo in a research report issued on Tuesday, January 21st. Cantor Fitzgerald analyst A. Sheppard anticipates that the company will earn ($0.53) per share for the year. Cantor Fitzgerald has a "Overweight" rating and a $5.00 price objective on the stock. The consensus estimate for EVgo's current full-year earnings is ($0.45) per share.

EVgo (NYSE:EVGO - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.01). The company had revenue of $67.50 million for the quarter, compared to analyst estimates of $66.52 million. The company's quarterly revenue was up 92.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.09) EPS.

EVGO has been the topic of a number of other research reports. UBS Group upgraded shares of EVgo from a "neutral" rating to a "buy" rating and raised their target price for the company from $4.00 to $8.50 in a research report on Thursday, October 10th. JPMorgan Chase & Co. cut their target price on shares of EVgo from $8.00 to $7.00 and set an "overweight" rating on the stock in a research report on Friday, December 20th. TD Cowen upgraded shares of EVgo from a "hold" rating to a "buy" rating and raised their target price for the company from $5.00 to $7.00 in a research report on Thursday, October 3rd. Royal Bank of Canada raised their target price on shares of EVgo from $4.00 to $8.00 and gave the company an "outperform" rating in a research report on Wednesday, October 9th. Finally, Marathon Capitl upgraded shares of EVgo from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $6.61.

EVgo Stock Performance

Shares of NYSE EVGO traded down $0.19 during trading hours on Wednesday, hitting $3.13. 4,813,607 shares of the stock were exchanged, compared to its average volume of 5,604,216. The company has a market cap of $947.34 million, a PE ratio of -7.44 and a beta of 2.35. The company's fifty day simple moving average is $5.08 and its two-hundred day simple moving average is $5.04. EVgo has a 1-year low of $1.65 and a 1-year high of $9.07.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EVGO. International Assets Investment Management LLC purchased a new position in EVgo during the third quarter worth about $51,000. Creative Planning boosted its holdings in EVgo by 32.7% during the third quarter. Creative Planning now owns 13,365 shares of the company's stock worth $55,000 after purchasing an additional 3,297 shares during the last quarter. Legacy Capital Wealth Partners LLC boosted its holdings in EVgo by 31.8% during the third quarter. Legacy Capital Wealth Partners LLC now owns 14,500 shares of the company's stock worth $60,000 after purchasing an additional 3,500 shares during the last quarter. Clear Harbor Asset Management LLC purchased a new position in EVgo during the fourth quarter worth about $72,000. Finally, Point72 DIFC Ltd purchased a new position in EVgo during the second quarter worth about $45,000. 17.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other EVgo news, President Dennis G. Kish sold 17,379 shares of EVgo stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $4.32, for a total value of $75,077.28. Following the completion of the sale, the president now directly owns 13,655 shares of the company's stock, valued at approximately $58,989.60. The trade was a 56.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David Nanus sold 23,000,000 shares of EVgo stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $5.00, for a total transaction of $115,000,000.00. Following the completion of the sale, the director now directly owns 5,882,352 shares of the company's stock, valued at approximately $29,411,760. This trade represents a 79.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,184,104 shares of company stock valued at $115,932,044 over the last quarter. Insiders own 66.96% of the company's stock.

EVgo Company Profile

EVgo, Inc owns and operates a direct current fast charging network for electric vehicles (EVs) in the United States. The company offers electricity directly to drivers, who access its publicly available networked chargers; original equipment manufacturer charging and related services; fleet and rideshare public charging services; and charging as a service and fleet dedicated charging services.