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EVgo ( (EVGO) ) has provided an announcement.
On July 23, 2025, EVgo Inc. announced the closing of a $225 million senior secured, non-recourse credit facility with an option to increase by $75 million. This facility, oversubscribed and the largest of its kind in the U.S. for EV charging infrastructure, will fund the deployment of over 1,500 high-power fast charging stalls nationwide. This financing reflects confidence in EVgo’s leadership and the growing EV charging industry, positioning the company to expand its network and maintain its industry-leading status.
The most recent analyst rating on (EVGO) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on EVgo stock, see the EVGO Stock Forecast page.
Spark’s Take on EVGO Stock
According to Spark, TipRanks’ AI Analyst, EVGO is a Neutral.
EVgo’s overall stock score is primarily hindered by its weak financial performance, characterized by negative profitability and cash flow issues. While the earnings call presented positive growth and strategic initiatives, the ongoing financial challenges pose significant risks. Technical indicators and valuation metrics offer limited optimism, keeping the score on the lower end.
To see Spark’s full report on EVGO stock, click here.
More about EVgo
EVgo Inc. is one of the leading providers of public fast charging infrastructure for electric vehicles in the United States. With over 1,100 fast charging stations across more than 40 states, the company partners with various businesses, including retailers and autonomous vehicle companies, to strategically deploy accessible charging infrastructure.
Average Trading Volume: 4,781,232
Technical Sentiment Signal: Sell
Current Market Cap: $1.11B
For detailed information about EVGO stock, go to TipRanks’ Stock Analysis page.