EVgo Inc - Ordinary Shares - Class A Stock News

Why EVgo Stock Is Surging Today

EVgo, Inc. reported Q3 '24 earnings with a 92.4% y/y sales increase but still faces inefficiencies and profitability challenges, leading to a hold rating. The company's gross margins improved to 9.4%, and it holds $153.4m in cash with zero debt, positioning it well for growth. EVgo's future expansion includes a potential $1B loan guarantee and plans to build 7,500 high-powered charging stalls o...

EVgo, Inc. (NASDAQ:EVGO ) Q3 2024 Earnings Conference Call November 12, 2024 8:00 AM ET Company Participants Heather Davis - VP, IR Badar Khan - CEO Paul Dobson - CFO Conference Call Participants Bill Peterson - J.P. Morgan Andres Sheppard - Cantor Fitzgerald Craig Irwin - Roth Capital Partners Christopher Dendrinos - RBC Capital Markets Chris Pierce - Needham & Company William Grippin - UBS Op...

LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (Nasdaq: EVGO) (“EVgo” or the “Company”) today announced results for the third quarter ended September 30, 2024. Management will host a conference call today at 8 a.m. ET / 5 a.m. PT to discuss EVgo's results and other business highlights. Revenue for the third quarter of 2024 reached $67.5 million, compared to $35.1 million in the third quarter of 2023, ...

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LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (Nasdaq: EVGO) (“EVgo” or the “Company”), one of the nation's largest public fast charging networks for electric vehicles (EVs), today announced that it will release its third quarter 2024 financial results on Tuesday, November 12, 2024. This release will be followed by a webcast hosted by members of the EVgo management team at 8 a.m. ET (5 a.m. PT). EVgo...

EVgo (EVGO) stock has gone parabolic this year, making it one of the best-performing companies in Wall Street. It surged to a high of $8.45 on Wednesday, its highest level since October 2022.

Thursday, UBS analyst William Grippin upgraded shares to Buy from Hold. His price target increased by more than 100% to $8.50 from $4 a share.