EVgo (EVGO) AI Stock Analysis

• Market Cap: $1.26B
• Dividend Yield: N/A
• Average Volume (3M): 4.40M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.52
• Revenue Growth: 49.06%
• EPS Growth: 1.30%
• Country: US
• Employees: 329
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Retail
• EPS (TTM): -0.10
• Shares Outstanding: 134,690,900
• 10 Day Avg. Volume: 3,861,277
• 30 Day Avg. Volume: 4,395,732
• 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: 0.90
• Enterprise Value/Revenue: 3.67
• Enterprise Value/Gross Profit: 28.77
• Enterprise Value/Ebitda: -23.36
• 1Y Price Target: $6.66
• Price Target Upside: 62.04% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 10

• Rating: 41 Neutral
• Price Target: $4.00 ▼(-2.68% Downside)

EVgo's overall stock score is primarily impacted by its financial performance and valuation challenges. While the company shows strong revenue growth, profitability and cash flow issues weigh heavily. Technical analysis suggests bearish momentum, and the negative P/E ratio further impacts the valuation score. Despite positive earnings call highlights, the financial and technical challenges are significant.

Positive Factors

Revenue Growth

The significant revenue growth indicates strong market demand and effective execution of business strategies, supporting long-term expansion and market leadership in the EV charging sector.

Infrastructure Expansion

Securing substantial financing allows EVgo to accelerate infrastructure expansion, enhancing its competitive position and ability to meet growing EV charging demands.

Cost Efficiency

Reducing capital expenditure per stall improves cost efficiency, leading to higher returns and better financial sustainability, crucial for long-term profitability.

Negative Factors

Profitability Challenges

Persistent profitability issues highlight challenges in cost management and operational efficiency, which can hinder long-term financial health and investor confidence.

Cash Flow Concerns

Negative cash flows suggest liquidity challenges, limiting the company's ability to invest in growth and manage financial obligations, impacting long-term viability.

Firmware Update Issues

Technical issues with firmware updates increase maintenance costs and disrupt service reliability, potentially affecting customer satisfaction and long-term operational efficiency.

EVgo Business Overview & Revenue Model

Company Description

EVgo Inc. (EVGO) is a leading electric vehicle (EV) charging network in the United States, dedicated to providing fast and reliable charging solutions for EV drivers. Established in 2010, EVgo operates thousands of fast charging stations across the country, catering to a wide array of electric vehicles from various manufacturers. The company focuses on sustainability and facilitating the transition to electric mobility, offering services that include public charging stations, home charging solutions, and partnerships with businesses and municipalities to expand charging infrastructure.

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 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: Neutral
• Last Price: 4.11
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• 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 Neutral. The current price of 4.11 is below the 20-day moving average (MA) of 4.53, below the 50-day MA of 4.32, and above the 200-day MA of 3.55, indicating a neutral trend. The MACD of -0.07 indicates Positive momentum. The RSI at 44.24 is Neutral, neither overbought nor oversold. The STOCH value of 10.76 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for EVGO.

EVgo Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	―	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
CHPT	―	$256.89M	―	-176.08%	―	-9.95%	39.66%
NAAS	―	$2.93M	-0.02	―	―	-13.78%	38.10%
NVVE	―	$4.58M	-0.02	―	―	-15.24%	92.60%
EVGO	―	$1.26B	―	―	―	49.06%	1.30%

EVgo Corporate Events

EVgo Inc. Reports Record Revenue and Expansion Plans

EVgo Inc. is a leading provider of public fast charging infrastructure for electric vehicles across the United States, partnering with various businesses to deliver accessible charging solutions. In its latest earnings report for the second quarter of 2025, EVgo Inc. announced a record revenue of $98 million, marking a 47% increase year-over-year. The company also secured a $225 million commercial bank loan facility to accelerate its nationwide infrastructure expansion. Key highlights from the report include a 46% increase in charging network revenue, a 35% rise in network throughput, and the addition of over 240 new operational stalls, bringing the total to 4,350 stalls. The company also reported a gross profit of $13.9 million and a net loss of $13 million attributable to Class A common stockholders. Looking ahead, EVgo’s management remains focused on enhancing shareholder value by improving profitability and investing in growth, with the aim of achieving adjusted EBITDA breakeven for the full year.

EVgo Inc. Earnings Call Highlights Robust Growth and Strategic Milestones

EVgo Inc. recently held its earnings call, revealing a generally positive sentiment despite some operational hurdles. The company showcased strong revenue growth and strategic financial achievements, which were slightly marred by operational challenges and seasonal impacts on margins. Nevertheless, the overall outlook and strategic positioning of EVgo remain optimistic.

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.

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.