EVgo Stockholders Approve Incentive Plan Amendment

EVgo ( (EVGO) ) has shared an update.

On April 3, 2025, EVgo Inc.’s board of directors approved an amendment to the company’s 2021 Long Term Incentive Plan to reserve an additional 25 million shares of Class A common stock, pending stockholder approval. At the Annual Meeting held on May 15, 2025, stockholders re-elected Class I directors, ratified KPMG LLP as the independent registered public accounting firm for the year ending December 31, 2025, and approved the amendment to the Long Term Incentive Plan, reflecting strong stockholder support for the company’s strategic initiatives.

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 reflects its robust growth in customer consumption and revenue as highlighted in the earnings call. However, significant financial challenges, including negative profitability and valuation concerns, weigh heavily on the score. Technical indicators suggest bullish momentum but also caution due to potential overbought conditions.

To see Spark’s full report on EVGO stock, click here.

More about EVgo

EVgo Inc. operates in the electric vehicle charging industry, providing fast charging solutions for electric vehicles across the United States. The company focuses on expanding its network of charging stations to support the growing demand for electric vehicles.

Average Trading Volume: 4,221,076

Technical Sentiment Signal: Buy

Current Market Cap: $1.14B

Find detailed analytics on EVGO stock on TipRanks’ Stock Analysis page.