EVgo (EVGO) AI Stock Analysis

• Market Cap: $883.91M
• Dividend Yield: N/A
• Average Volume (3M): 4.13M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.49
• Revenue Growth: 39.21%
• EPS Growth: 9.08%
• Country: US
• Employees: 329
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Retail
• EPS (TTM): -0.09
• Shares Outstanding: 135,182,740
• 10 Day Avg. Volume: 4,908,102
• 30 Day Avg. Volume: 4,126,919
• 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: 1.72
• Enterprise Value/Revenue: 4.56
• Enterprise Value/Gross Profit: 33.36
• Enterprise Value/Ebitda: -29.78
• 1Y Price Target: $5.91
• Price Target Upside: 105.92% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 9
• EPS Forecast (FY): -0.36
• Revenue Forecast (FY): $366.39M

• Rating: 47 Neutral
• Price Target: $3.50 ▲(21.95% Upside)

EVgo's overall stock score is primarily influenced by its financial performance and technical analysis. While the company shows strong revenue growth and strategic advancements, ongoing profitability and cash flow challenges, coupled with bearish technical indicators, weigh heavily on the score. The earnings call provided some positive insights, but the valuation remains a significant concern.

Positive Factors

Revenue Growth

Strong revenue growth indicates increasing demand for EVgo's services, reflecting successful market penetration and expanding customer base.

Stall Deployment Expansion

Significant expansion in stall deployment enhances EVgo's infrastructure, supporting long-term growth and competitive positioning.

Improved Cash Position

Enhanced cash position and financing options provide EVgo with the financial flexibility to invest in growth and infrastructure.

Negative Factors

Profitability Challenges

Ongoing profitability issues highlight operational inefficiencies, which could hinder long-term financial health if not addressed.

Cash Flow Issues

Persistent cash flow challenges suggest reliance on external financing, impacting financial stability and growth potential.

Charger Performance Challenges

Performance issues with chargers could affect customer satisfaction and operational efficiency, impacting long-term competitiveness.

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 is experiencing revenue growth, but profitability and cash flow challenges persist. The company shows potential for expansion, yet needs to address operational inefficiencies and improve cash flow management to ensure long-term financial health. The balance sheet reflects moderate leverage but past negative equity raises caution.

Income Statement

EVgo shows a positive revenue growth trend with an 8% increase in TTM, indicating expanding operations. However, profitability remains a concern with negative net profit and EBIT margins, reflecting ongoing operational challenges. The gross profit margin has improved but is still relatively low, suggesting cost management issues.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio, indicating manageable leverage levels. However, the return on equity is low, suggesting inefficiencies in generating returns from equity. The equity ratio indicates a stable asset base, but the negative stockholders' equity in previous years raises concerns about financial stability.

Cash Flow

Cash flow analysis reveals significant challenges, with negative operating and free cash flows. Despite a 40% improvement in free cash flow growth, the company struggles to cover net income with operating cash flow, indicating liquidity issues. The high free cash flow to net income ratio suggests reliance on external financing.

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	261.91M	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	-428.12M	-256.11M	-160.59M	-358.10M	-1.36B	89.49M
Cash Flow
Free Cash Flow	-120.52M	-102.04M	-195.95M	-259.05M	-94.61M	-39.42M
Operating Cash Flow	-29.49M	-7.26M	-37.05M	-58.79M	-29.60M	-20.08M
Investing Cash Flow	-84.27M	-94.47M	-143.31M	-199.71M	-87.77M	-19.34M
Financing Cash Flow	161.49M	13.09M	143.02M	19.81M	594.63M	47.08M

EVgo Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.87
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• 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 2.87 is below the 20-day moving average (MA) of 3.49, below the 50-day MA of 4.13, and below the 200-day MA of 3.55, indicating a bearish trend. The MACD of -0.38 indicates Positive momentum. The RSI at 23.15 is Positive, neither overbought nor oversold. The STOCH value of 5.04 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	$883.91M	―	―	―	39.21%	9.08%
NAAS	46 Neutral	$2.87M	-0.02	―	―	-13.78%	38.10%
NVVE	42 Neutral	$4.25M	-0.01	-3734.39%	―	-9.58%	86.27%
CHPT	41 Neutral	$193.13M	―	-176.08%	―	-9.95%	39.66%

EVgo Corporate Events

Evgo Inc. Q3 Earnings Call: Growth Amid Challenges

Evgo Inc.’s recent earnings call paints a picture of robust growth and strategic advancements, tempered by operational challenges. The company showcased impressive revenue increases and operational improvements, particularly in stall deployment and customer base expansion. However, they also acknowledged challenges such as timing shifts in stall deployment, uncertainties in ancillary revenue, and performance issues with chargers that require enhancements.

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.