Roth Capital Has Pessimistic Outlook of EVgo FY2025 Earnings

EVgo, Inc. (NASDAQ:EVGO - Free Report) - Research analysts at Roth Capital decreased their FY2025 earnings estimates for EVgo in a research report issued on Wednesday, March 5th. Roth Capital analyst C. Irwin now forecasts that the company will post earnings of ($0.28) per share for the year, down from their prior forecast of ($0.27). The consensus estimate for EVgo's current full-year earnings is ($0.45) per share. Roth Capital also issued estimates for EVgo's Q4 2025 earnings at ($0.05) EPS, FY2026 earnings at ($0.19) EPS and FY2027 earnings at $0.05 EPS.

Several other analysts have also recently commented on EVGO. Stifel Nicolaus decreased their price objective on shares of EVgo from $10.00 to $8.00 and set a "buy" rating for the company in a research note on Thursday. UBS Group decreased their target price on shares of EVgo from $8.00 to $5.00 and set a "buy" rating for the company in a research report on Monday, January 27th. JPMorgan Chase & Co. cut their price target on EVgo from $7.00 to $6.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 19th. Cantor Fitzgerald reissued an "overweight" rating and issued a $8.00 price objective on shares of EVgo in a report on Wednesday, March 5th. Finally, Needham & Company LLC restated a "hold" rating on shares of EVgo in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $6.22.

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EVgo Stock Performance

NASDAQ EVGO traded down $0.14 during trading hours on Friday, reaching $2.44. The stock had a trading volume of 5,484,951 shares, compared to its average volume of 4,610,885. EVgo has a 52-week low of $1.65 and a 52-week high of $9.07. The stock has a fifty day moving average of $3.29 and a 200 day moving average of $4.88. The stock has a market cap of $739.69 million, a P/E ratio of -5.81 and a beta of 2.37.

EVgo (NASDAQ:EVGO - Get Free Report) last posted its quarterly earnings results on Tuesday, March 4th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.04. The firm had revenue of $67.51 million for the quarter, compared to analysts' expectations of $69.49 million.

Institutional Trading of EVgo

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in EVgo by 20.1% in the 4th quarter. Vanguard Group Inc. now owns 12,200,949 shares of the company's stock valued at $49,414,000 after purchasing an additional 2,043,449 shares during the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of EVgo by 175.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 4,949,622 shares of the company's stock valued at $20,046,000 after buying an additional 3,153,073 shares during the last quarter. Millennium Management LLC lifted its stake in shares of EVgo by 394.4% in the fourth quarter. Millennium Management LLC now owns 4,623,922 shares of the company's stock worth $18,727,000 after buying an additional 3,688,614 shares in the last quarter. State Street Corp boosted its position in EVgo by 25.3% during the third quarter. State Street Corp now owns 4,192,828 shares of the company's stock worth $17,358,000 after acquiring an additional 847,777 shares during the last quarter. Finally, SIR Capital Management L.P. grew its stake in EVgo by 326.3% during the 4th quarter. SIR Capital Management L.P. now owns 3,533,645 shares of the company's stock valued at $14,311,000 after acquiring an additional 2,704,662 shares in the last quarter. 17.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at EVgo

In related news, Director David Nanus sold 23,000,000 shares of EVgo stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $5.00, for a total value of $115,000,000.00. Following the sale, the director now directly owns 5,882,352 shares in the company, valued at approximately $29,411,760. The trade was a 79.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Dennis G. Kish sold 17,379 shares of the business's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $4.32, for a total value of $75,077.28. Following the sale, the president now owns 13,655 shares of the company's stock, valued at approximately $58,989.60. This trade represents a 56.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,061,563 shares of company stock valued at $115,225,745. Company 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.