EVgo (EVGO) AI Stock Analysis

• Market Cap: $1.05B
• Dividend Yield: N/A
• Average Volume (3M): 4.24M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.47
• Revenue Growth: 39.21%
• EPS Growth: 8.96%
• Country: US
• Employees: 329
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Retail
• EPS (TTM): -0.09
• Shares Outstanding: 134,690,900
• 10 Day Avg. Volume: 3,753,845
• 30 Day Avg. Volume: 4,238,318
• 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: 1.08
• Enterprise Value/Revenue: 3.40
• Enterprise Value/Gross Profit: 24.86
• Enterprise Value/Ebitda: -22.20
• 1Y Price Target: $6.05
• Price Target Upside: 75.87% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 9
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: $3.50 ▲(1.74% Upside)

EVgo's overall stock score is primarily influenced by its financial performance, which shows revenue growth but significant profitability and cash flow challenges. Technical analysis indicates bearish trends, while valuation metrics are weak due to ongoing losses. The earnings call provides some optimism with strategic advancements and revenue growth, but operational challenges remain.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust demand for EVgo's charging solutions, supporting long-term business expansion and market penetration.

Infrastructure Expansion

Significant stall deployment growth enhances EVgo's market presence and capacity to serve more EV drivers, strengthening its competitive position.

Strategic Partnerships

Government support through loans facilitates infrastructure growth, indicating confidence in EVgo's strategic direction and potential for future partnerships.

Negative Factors

Profitability Challenges

Ongoing profitability issues could hinder EVgo's ability to reinvest in growth and maintain financial health, posing long-term sustainability risks.

Cash Flow Struggles

Persistent cash flow challenges limit EVgo's financial flexibility, potentially affecting its capacity to fund operations and strategic initiatives.

Charger Performance Issues

Performance issues with chargers could impact customer satisfaction and brand reputation, requiring investments in technology to maintain service quality.

EVgo Business Overview & Revenue Model

Company Description

EVgo, Inc. owns and operates a direct current fast charging network 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. It also provides ancillary services, such as customization of digital applications, charging data integration, loyalty programs, access to chargers behind parking lot, or garage, pay gates and pilots microtargeted advertising, and charging reservations; and maintenance and development and project management services through eXtendTM, including electric vehicle supply equipment installation, networking, and operations. The company was incorporated in 2010 and is based in Los Angeles, California.

How the Company Makes Money

EVgo generates revenue primarily through the operation of its network of fast charging stations. The company earns money from customer charging fees, which can be structured on a pay-per-use basis or through membership plans that provide discounted rates for frequent users. Additionally, EVgo benefits from partnerships with automakers, which often involve collaborations to provide charging solutions for new electric vehicle models. These partnerships can include co-marketing efforts, infrastructure investment, and integration of charging solutions into the vehicle purchasing experience. Furthermore, EVgo may receive revenue from government grants and incentives aimed at promoting electric vehicle adoption and infrastructure development. Overall, the combination of direct consumer fees, strategic partnerships, and potential government support creates a diversified revenue model for the company.

EVgo Financial Statement Overview

Summary

EVgo demonstrates strong revenue growth but faces significant challenges in profitability and cash flow. The balance sheet shows potential risks due to past negative equity, although leverage is currently moderate. Improvement in cost management and cash flow generation is needed for 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	333.13M	256.82M	160.95M	54.59M	22.21M	13.05M
Gross Profit	45.55M	29.37M	9.71M	-5.65M	-6.83M	-9.60M
EBITDA	-51.02M	-65.78M	-101.45M	-70.28M	-31.93M	-27.71M
Net Income	-49.16M	-44.33M	-42.43M	-27.57M	-5.91M	0.00
Balance Sheet
Total Assets	931.83M	803.76M	806.61M	729.72M	746.32M	182.14M
Cash, Cash Equivalents and Short-Term Investments	181.33M	117.27M	208.67M	246.19M	484.88M	7.91M
Total Debt	105.85M	90.37M	68.00M	50.65M	0.00	39.16M
Total Liabilities	542.61M	360.03M	266.24M	212.60M	158.40M	92.65M
Stockholders Equity	389.23M	-256.11M	-160.59M	-358.10M	-1.36B	89.49M
Cash Flow
Free Cash Flow	-122.84M	-102.04M	-195.95M	-259.05M	-94.61M	-39.42M
Operating Cash Flow	-31.82M	-7.26M	-37.05M	-58.79M	-29.60M	-20.08M
Investing Cash Flow	-90.92M	-94.47M	-143.31M	-199.71M	-87.77M	-19.34M
Financing Cash Flow	170.47M	13.09M	143.02M	19.81M	594.63M	47.08M

EVgo Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.44
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EVGO, the sentiment is Negative. The current price of 3.44 is below the 20-day moving average (MA) of 4.03, below the 50-day MA of 4.27, and below the 200-day MA of 3.56, indicating a bearish trend. The MACD of -0.24 indicates Positive momentum. The RSI at 33.19 is Neutral, neither overbought nor oversold. The STOCH value of 12.42 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EVGO.

EVgo Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
EVGO	47 Neutral	$1.05B	―	―	―	39.21%	8.96%
NAAS	46 Neutral	$2.87M	-0.02	―	―	-13.78%	38.10%
CHPT	41 Neutral	$228.16M	―	-176.08%	―	-9.95%	39.66%
NVVE	39 Underperform	$4.25M	-0.01	―	―	-15.24%	92.60%

EVgo Corporate Events

EVgo Inc. Reports Strong Q3 2025 Revenue Growth

EVgo Inc. is a leading provider of public fast charging infrastructure for electric vehicles in the United States, known for its extensive network of charging stations across 47 states and partnerships with various businesses to enhance EV charging accessibility.