EVgo (EVGO) AI Stock Analysis

• Market Cap: $1.21B
• Dividend Yield: N/A
• Average Volume (3M): 4.15M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.56
• Revenue Growth: 49.06%
• EPS Growth: 1.30%
• Country: US
• Employees: 329
• Sector: Consumer Cyclical
• Sector Strength: 81
• Industry: Specialty Retail
• EPS (TTM): -0.10
• Shares Outstanding: 134,690,900
• 10 Day Avg. Volume: 2,880,859
• 30 Day Avg. Volume: 4,149,928
• PEG Ratio: 0.91
• Price to Book (P/B): -1.71
• Price to Sales (P/S): 1.71
• P/FCF Ratio: -4.29
• Enterprise Value/Market Cap: 0.93
• Enterprise Value/Revenue: 3.67
• Enterprise Value/Gross Profit: 28.77
• Enterprise Value/Ebitda: -23.36
• 1Y Price Target: $6.99
• Price Target Upside: 70.07% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 9

• Rating: 59 Neutral
• Price Target: $4.00 ▼(-2.68% Downside)

EVgo's overall stock score reflects a mix of promising growth prospects and significant financial challenges. The company's strong revenue growth and strategic financing initiatives are positive, but profitability and cash flow issues weigh heavily. Technical indicators show stable momentum, while valuation remains challenging due to ongoing losses. The recent credit facility boosts expansion potential, enhancing the company's future outlook.

Positive Factors

Revenue Growth

The significant revenue growth indicates strong market demand and effective business strategies, positioning EVgo for continued expansion and market leadership in the EV charging sector.

Strategic Partnerships

The expansion of the collaborative network with GM and Pilot enhances EVgo's market presence and infrastructure, supporting long-term growth and competitive advantage in the EV charging market.

Infrastructure Expansion

The new credit facility enables EVgo to expand its charging infrastructure, supporting its growth strategy and reinforcing its position as a leader in the EV charging industry.

Negative Factors

Profitability Challenges

Ongoing profitability challenges may hinder EVgo's ability to reinvest in growth and maintain financial health, potentially impacting long-term sustainability.

Cash Flow Issues

Negative cash flows suggest liquidity challenges, which could limit EVgo's operational flexibility and ability to fund future growth initiatives without external financing.

Firmware Update Issues

Technical issues with firmware updates can impact service reliability and customer satisfaction, potentially affecting EVgo's reputation and long-term customer retention.

EVgo Business Overview & Revenue Model

Company Description

EVgo (EVGO) is a leading provider of public electric vehicle (EV) fast charging stations in the United States. The company operates a comprehensive network of direct current fast chargers (DCFC) across various urban and suburban locations, serving the growing population of electric vehicle owners. EVgo focuses on delivering convenient, reliable, and fast charging solutions to enhance the EV ownership experience and support the transition to sustainable transportation.

How the Company Makes Money

EVgo generates revenue primarily through the sale of electricity to electric vehicle owners who use its charging stations. The company charges customers based on the amount of electricity consumed during charging sessions or the time spent charging. Additionally, EVgo earns revenue from network membership fees, where customers pay a subscription for discounted rates or other benefits. Partnerships with automotive manufacturers and other businesses also contribute to its revenue streams, as these collaborations often involve joint initiatives to expand charging infrastructure, co-marketing efforts, or the integration of EVgo services into their offerings. Furthermore, EVgo may receive financial incentives or support from government programs aimed at promoting clean energy and transportation solutions.

EVgo Financial Statement Overview

Summary

EVgo shows promising revenue growth but faces significant profitability and cash flow challenges. The balance sheet indicates potential risks due to past negative equity, although leverage is currently moderate. Overall, the company needs to improve cost management and cash flow generation to enhance financial stability.

Income Statement

EVgo's income statement shows significant revenue growth, particularly in the TTM period with a 38.53% increase. However, the company struggles with profitability, evidenced by negative net profit margins and EBIT margins. The gross profit margin has improved over time, but remains relatively low, indicating challenges in cost management.

Balance Sheet

The balance sheet reveals a moderate debt-to-equity ratio in the TTM period, suggesting manageable leverage. However, the company has experienced negative stockholders' equity in previous years, which poses a risk. Return on equity is high in the TTM period, but this is due to the negative equity base rather than strong profitability.

Cash Flow

EVgo's cash flow statement highlights negative operating and free cash flows, indicating cash burn. Despite a positive free cash flow growth rate in the TTM period, the company struggles to cover its net income with operating cash flow, suggesting liquidity challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	308.37M	256.82M	160.95M	54.59M	22.21M	13.05M
Gross Profit	39.36M	29.37M	9.71M	-5.65M	-6.83M	-9.60M
EBITDA	-48.48M	-65.78M	-101.45M	-70.28M	-31.93M	-27.71M
Net Income	-48.48M	-44.33M	-42.43M	-27.57M	-5.91M	0.00
Balance Sheet
Total Assets	864.66M	803.76M	806.61M	729.72M	746.32M	182.14M
Cash, Cash Equivalents and Short-Term Investments	176.89M	117.27M	208.67M	246.19M	484.88M	7.91M
Total Debt	191.37M	90.37M	68.00M	50.65M	0.00	39.16M
Total Liabilities	464.08M	360.03M	266.24M	212.60M	158.40M	92.65M
Stockholders Equity	-230.14M	-256.11M	-160.59M	-358.10M	-1.36B	89.49M
Cash Flow
Free Cash Flow	-87.60M	-102.04M	-195.95M	-259.05M	-94.61M	-39.42M
Operating Cash Flow	3.11M	-7.26M	-37.05M	-58.79M	-29.60M	-20.08M
Investing Cash Flow	-90.52M	-94.47M	-143.31M	-199.71M	-87.77M	-19.34M
Financing Cash Flow	108.05M	13.09M	143.02M	19.81M	594.63M	47.08M

EVgo Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.11
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EVGO, the sentiment is Positive. The current price of 4.11 is above the 20-day moving average (MA) of 3.95, above the 50-day MA of 3.72, and above the 200-day MA of 3.68, indicating a bullish trend. The MACD of 0.06 indicates Positive momentum. The RSI at 59.19 is Neutral, neither overbought nor oversold. The STOCH value of 58.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for EVGO.

EVgo Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.08B	12.82	-2.51%	3.03%	1.45%	-15.68%
EVGO	59 Neutral	$1.21B	―	19.14%	―	49.06%	1.30%
NAAS	46 Neutral	$2.77M	―		―	-13.78%	38.11%
CHPT	40 Underperform	$234.93M	―	-176.08%	―	-9.95%	39.66%
NVVE	40 Underperform	$4.88M	―	-1026.66%	―	-15.24%	92.60%

EVgo Corporate Events

EVgo Secures $225 Million Credit Facility for Expansion

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.