Latest news with #BadarKhan
Yahoo
06-05-2025
- Automotive
- Yahoo
Why EVgo Stock Rocketed Over 30% Higher Today
Key Points EVgo is steadily growing its charging network. Record revenue is moving it closer to achieving positive adjusted EBITDA. A record quarter helped shares of EVgo (NASDAQ: EVGO) surge higher by more than 30% Tuesday morning. That spike came after revenue at the electric vehicle (EV) charger company came in 36% higher year over year. Its first-quarter results also topped analyst expectations. After installing 180 new charging stalls, the company ended the first quarter with 4,240 operating EV stalls. Investors liked what they heard, sending shares higher by 35.7% as of 11:30 a.m. ET. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Image source: EVgo. An uphill battle for EVgo The company reported an adjusted operating loss of $5.9 million with revenue of $75.3 million. Wall Street analysts were expecting a $6.6 million loss on sales of $71.5 million, according to FactSet Research. Maybe more important for investors, though, was reaffirmed company guidance for up to $10 million in adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) this year. So far, that metric has never been in positive territory for the company. "We anticipate being minimally impacted by tariffs, and we remain focused on achieving adjusted EBITDA breakeven in 2025 while investing in growth, including our next-generation charging experience," stated EVgo CEO Badar Khan. The company is growing strongly despite increasing macro headwinds. EV sales growth rates have slowed in the United States. The Trump administration has also said it plans to end EV subsidies put in place during Joe Biden's term. The stock's massive move in response to EVgo's quarterly results likely came due to its sharp drop in recent months. Even with today's jump, EVgo shares have been cut in half over the last six months. The good news is that operating profit looks attainable despite the ongoing headwinds. If EV adoption does continue to grow, even more slowly, EVgo should reach operating profitability soon. That's enough for some investors to jump aboard today. Should you invest $1,000 in EVgo right now? Before you buy stock in EVgo, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and EVgo wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $611,589!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $697,613!* Now, it's worth noting Stock Advisor's total average return is 894% — a market-crushing outperformance compared to 163% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks »
Yahoo
06-05-2025
- Automotive
- Yahoo
EVgo (NASDAQ:EVGO) Surprises With Q1 Sales, Stock Soars
Electric vehicle charging company EVgo (NASDAQ:EVGO) announced better-than-expected revenue in Q1 CY2025, with sales up 36.5% year on year to $75.29 million. The company's full-year revenue guidance of $360 million at the midpoint came in 2.3% above analysts' estimates. Its GAAP loss of $0.09 per share was in line with analysts' consensus estimates. Is now the time to buy EVgo? Find out in our full research report. EVgo (EVGO) Q1 CY2025 Highlights: Revenue: $75.29 million vs analyst estimates of $74.21 million (36.5% year-on-year growth, 1.4% beat) EPS (GAAP): -$0.09 vs analyst estimates of -$0.09 (in line) Adjusted EBITDA: -$5.93 million vs analyst estimates of -$6.61 million (-7.9% margin, 10.3% beat) The company reconfirmed its revenue guidance for the full year of $360 million at the midpoint EBITDA guidance for the full year is $2.5 million at the midpoint, above analyst estimates of $1.76 million Operating Margin: -44.4%, up from -58.7% in the same quarter last year Free Cash Flow was -$25.24 million compared to -$35.15 million in the same quarter last year Gigawatt-hours Sold: 83 at quarter end Market Capitalization: $369.9 million 'EVgo once again achieved a record level of revenues, starting 2025 off on a strong foundation,' said Badar Khan, EVgo's CEO. Company Overview Created through a settlement between NRG Energy and the California Public Utilities Commission, EVgo (NASDAQ:EVGO) is a provider of electric vehicle charging solutions, operating fast charging stations across the United States. Sales Growth A company's long-term sales performance can indicate its overall quality. Any business can have short-term success, but a top-tier one grows for years. Luckily, EVgo's sales grew at an incredible 75.9% compounded annual growth rate over the last five years. Its growth beat the average industrials company and shows its offerings resonate with customers. EVgo Quarterly Revenue We at StockStory place the most emphasis on long-term growth, but within industrials, a half-decade historical view may miss cycles, industry trends, or a company capitalizing on catalysts such as a new contract win or a successful product line. EVgo's annualized revenue growth of 95.9% over the last two years is above its five-year trend, suggesting its demand was strong and recently accelerated. EVgo recent performance stands out, especially when considering many similar Renewable Energy businesses faced declining sales because of cyclical headwinds. EVgo Year-On-Year Revenue Growth This quarter, EVgo reported wonderful year-on-year revenue growth of 36.5%, and its $75.29 million of revenue exceeded Wall Street's estimates by 1.4%.
Express Tribune
24-02-2025
- Entertainment
- Express Tribune
Festival ends with grand cultural display
The three-day Rang-e-Pakistan festival, showcasing the nation's rich art, culture, and traditions, concluded on Monday. The event featured folk artists, craftsmen, dancers, and performers, offering a platform to showcase their talents. PHOTOS: EXPRESS The Rang-e-Pakistan Festival, celebrating Pakistan's rich culture, history, and literature, concluded on Monday. The three-day event also provided a platform for folk artists, craftsmen, dancers, and performers to share their talents with a wider audience. The event was organised by Lok Virsa under the directions of the National Heritage and Culture Division in collaboration with the Pakistan National Council of Arts, Pakistan Academy of Letters, Department of Archeology and Museums, National Language Promotion Board and Iqbal Academy. A major highlight of the festival was the artisan craft exhibition, where over 30 skilled craftsmen from across Pakistan participated. They exhibited their handmade products. The festival helped them connect with different organisations, creating more opportunities to promote and expand their craft. The festival was filled with vibrant folk performances, as artists and dance groups entertained the audience with their talent, receiving enthusiastic applause. Another exciting feature was the poetry session, hosted by the Academy of Letters Pakistan, where famous poets shared their work, leaving the audience captivated. The Rang-e-Pakistan Festival truly celebrated Pakistan's cultural heritage, bringing people together and giving local artists the recognition they deserve. Famous storyteller Badar Khan narrated stories of Lahore and Bazar-i-husn. The closing concert electrified the Lok Virsa Mela grounds where the PNCA dance troupe presented different cultural dances of Pakistan. Shahid Ali Khan, a famous singer performed as well. Renowned singers Manwa sisters and, Hajvery Qawwal group also performed at the festival.
Yahoo
30-01-2025
- Automotive
- Yahoo
One of the country's largest EV charging station networks plans to nearly triple its size: 'Continue to scale our operations'
EVgo, the largest electric vehicle charging network in America, is set to undergo a major charging station expansion over the next four years. The company announced that by 2029 it will more than triple its network of available charging stations across the country, bringing the total to 10,000. This will include 7,500 additional fast charging stations. The new chargers are due to be developed in Arizona, California, Florida, Georgia, Illinois, Michigan, New Jersey, New York, Pennsylvania, and Texas. "This public-private partnership will help us continue to scale our operations to serve the influx of vehicle options that will be available to American consumers in the coming years," EVgo CEO Badar Khan said in a statement. This is thanks to a $1.25 billion loan guarantee from the Department of Energy. Since EVs made up nearly 9% of all vehicle sales in the United States in 2024 — the highest mark ever recorded — it is clear that they are a more choice among consumers. The availability of more fast charging stations will not only bring more EVs on the road but create hundreds of jobs related to the construction of the stations. EV businesses in general are investing greater resources in providing charging stations across the country. This includes Ford Motors, which offers a home charging station for each person who purchases one of their EV models. Since both all-electric vehicles and plug-in hybrid electric vehicles produce zero tailpipe pollution, more EVs on the road means less emissions being pumped into the atmosphere. Greater access to fast, reliable charging will, in turn, encourage more interest from the general populace. How long would you be willing to wait for an EV to charge? 5 minutes or less 5 to 15 minutes 15 to 30 minutes Up to an hour Click your choice to see results and speak your mind. "The success of these investments and growing sales is dependent on consumers' increased confidence in public charging stations and also growing the network to support more and more EVs," CleanTechnica wrote. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
