Latest news with #EVGO
Business Insider
6 days ago
- Automotive
- Business Insider
EVgo initiated with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Andrew Percoco initiated coverage of EVgo (EVGO) with an Equal Weight rating and $4 price target The company is a 'pure-play' EV charging name positioned well in a growing EV market, while its partnerships with OEMs, site hosts and fleet operators, and low-cost financing should enable it to generate strong earnings growth, the analyst tells investors in a research note. The firm adds however that policy risk, competitive pressures, and valuation keep Morgan Stanley on the sidelines. Confident Investing Starts Here:
Yahoo
08-05-2025
- Automotive
- Yahoo
EVgo Is Well-Positioned For Robust Revenue Growth: Analyst
J.P. Morgan analyst Bill Peterson reiterated an Overweight rating on the shares of Evgo Inc (NASDAQ:EVGO) with a price forecast of $5.00. EVgo beat revenue expectations, thanks in part to stronger-than-anticipated performance from its eXtend business, said the analyst. The company reaffirmed both its financial and stall deployment targets, easing investor concerns around the stability of its Department of Energy (DOE) loan, which saw a second drawdown in April and remains on track for quarterly disbursements over five years. Management believes EVgo is well-positioned to grow market share in fast charging, especially as peers face challenges from uncertain EV policies and reduced spending by site hosts. : Ford Outperforms In Q1, Faces Tariff Challenges Ahead, Say Analysts The analyst stated that additional non-dilutive funding and potential small-scale acquisitions may further support growth. Tariff-related cost impacts are expected to be manageable at around $4–5 million in 2025, with much of the affected equipment already in inventory or en route. The company anticipates that cost-saving measures will help absorb these expenses. EVgo operates one of the largest DC fast-charging networks in the U.S., generating revenue from its expanding charger base. The company adds capacity based on growing demand and offers a reliable network that is compatible with all EVs, including Teslas, without adapters. With strong partnerships across automakers, rideshare, and autonomous fleets, EVgo is well-positioned for robust revenue growth, driven by rising utilization, faster charging, and potential DOE loan support, concluded the analyst. Price Action: EVGO shares closed higher by 4.36% at $3.83 on Thursday. Read Next:Photo via Shutterstock Date Firm Action From To Dec 2021 Needham Initiates Coverage On Hold Dec 2021 JP Morgan Initiates Coverage On Overweight Nov 2021 Capital One Initiates Coverage On Equal-Weight View More Analyst Ratings for EVGO View the Latest Analyst Ratings UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article EVgo Is Well-Positioned For Robust Revenue Growth: Analyst originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Business Insider
07-05-2025
- Business
- Business Insider
Analysts Conflicted on These Consumer Cyclical Names: EVgo (EVGO) and Portillo's (PTLO)
Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on EVgo (EVGO – Research Report) and Portillo's (PTLO – Research Report). Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. EVgo (EVGO) In a report released today, Chris Pierce from Needham reiterated a Hold rating on EVgo. The company's shares closed last Tuesday at $3.67. According to Pierce is ranked 0 out of 5 stars with an average return of -15.5% and a 34.7% success rate. Pierce covers the NA sector, focusing on stocks such as ChargePoint Holdings, Rivian Automotive, and Sonic Automotive. EVgo has an analyst consensus of Strong Buy, with a price target consensus of $6.63. Portillo's (PTLO) Stifel Nicolaus analyst Chris O`Cull maintained a Buy rating on Portillo's today and set a price target of $17.00. The company's shares closed last Tuesday at $10.47. According to O`Cull is a 5-star analyst with an average return of 13.4% and a 57.1% success rate. O`Cull covers the NA sector, focusing on stocks such as Restaurant Brands International, First Watch Restaurant Group, and Papa John's International. Currently, the analyst consensus on Portillo's is a Moderate Buy with an average price target of $14.60, which is a 47.8% upside from current levels. In a report released today, William Blair also reiterated a Buy rating on the stock.
Yahoo
02-05-2025
- Business
- Yahoo
1 Unprofitable Stock That Stand Out and 2 to Steer Clear Of
Unprofitable companies can burn through cash quickly, leaving investors exposed if they fail to turn things around. Without a clear path to profitability, these businesses risk running out of capital or relying on dilutive fundraising. Unprofitable companies face an uphill battle, but not all are created equal. Luckily for you, StockStory is here to separate the promising ones from the weak. That said, here is one unprofitable company investing heavily to secure market share and two that could struggle to survive. Trailing 12-Month GAAP Operating Margin: -181% Helping homeowners use solar energy to power their homes, Sunrun (NASDAQ:RUN) provides residential solar electricity, specializing in panel installation and leasing services. Why Is RUN Not Exciting? Annual sales declines of 6.3% for the past two years show its products and services struggled to connect with the market during this cycle Waning returns on capital from an already weak starting point displays the inefficacy of management's past and current investment decisions Depletion of cash reserves could lead to a fundraising event that triggers shareholder dilution Sunrun's stock price of $7.18 implies a valuation ratio of 9.7x forward EV-to-EBITDA. Dive into our free research report to see why there are better opportunities than RUN. Trailing 12-Month GAAP Operating Margin: -51.2% 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. Why Does EVGO Give Us Pause? Suboptimal cost structure is highlighted by its history of operating losses Cash burn makes us question whether it can achieve sustainable long-term growth Short cash runway increases the probability of a capital raise that dilutes existing shareholders EVgo is trading at $2.83 per share, or 183.5x forward EV-to-EBITDA. If you're considering EVGO for your portfolio, see our FREE research report to learn more. Trailing 12-Month GAAP Operating Margin: -3% Founded by George Kurtz, the former CTO of the antivirus company McAfee, CrowdStrike (NASDAQ:CRWD) provides cybersecurity software that protects companies from breaches and helps them detect and respond to cyber attacks. Why Is CRWD a Top Pick? ARR trends over the last year show it's maintaining a steady flow of long-term contracts that contribute positively to its revenue predictability Projected revenue growth of 21.1% for the next 12 months suggests its momentum from the last three years will persist Impressive free cash flow profitability enables the company to fund new investments or reward investors with share buybacks/dividends At $429 per share, CrowdStrike trades at 22.3x forward price-to-sales. Is now the time to initiate a position? See for yourself in our comprehensive research report, it's free. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 175% over the last five years. Stocks that made our list in 2019 include now familiar names such as Nvidia (+2,183% between December 2019 and December 2024) as well as under-the-radar businesses like United Rentals (+322% five-year return). Find your next big winner with StockStory today for free.
Yahoo
24-04-2025
- Business
- Yahoo
1 of Wall Street's Favorite Stock with Solid Fundamentals and 2 to Approach with Caution
Wall Street has set ambitious price targets for the stocks in this article. While this suggests attractive upside potential, it's important to remain skeptical because analysts face institutional pressures that can sometimes lead to overly optimistic forecasts. Unlike the investment banks, we created StockStory to provide independent analysis that helps you determine which companies are truly worth following. Keeping that in mind, here is one stock where Wall Street's positive outlook is supported by strong fundamentals and two where its enthusiasm might be excessive. Consensus Price Target: $2 (161% implied return) Founded by two brothers, Purple (NASDAQ:PRPL) creates sleep and home comfort products such as mattresses, pillows, and bedding accessories. Why Do We Pass on PRPL? Annual revenue declines of 7.7% over the last two years indicate problems with its market positioning Waning returns on capital from an already weak starting point displays the inefficacy of management's past and current investment decisions Limited cash reserves may force the company to seek unfavorable financing terms that could dilute shareholders At $0.71 per share, Purple trades at 0.2x forward price-to-sales. Read our free research report to see why you should think twice about including PRPL in your portfolio, it's free. Consensus Price Target: $7.58 (139% implied return) 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. Why Are We Cautious About EVGO? Poor expense management has led to operating losses Cash-burning history makes us doubt the long-term viability of its business model Unfavorable liquidity position could lead to additional equity financing that dilutes shareholders EVgo's stock price of $2.60 implies a valuation ratio of 165.5x forward EV-to-EBITDA. If you're considering EVGO for your portfolio, see our FREE research report to learn more. Consensus Price Target: $31.56 (15.5% implied return) With a nationwide network of 177 locations serving 43 states and a team of over 4,500 clinicians, Option Care Health (NASDAQ:OPCH) is the largest independent provider of home and alternate site infusion services, delivering medications and clinical support to patients across the United States. Why Do We Like OPCH? Impressive 16.7% annual revenue growth over the last five years indicates it's winning market share this cycle Share buybacks catapulted its annual earnings per share growth to 75.4%, which outperformed its revenue gains over the last five years Free cash flow margin grew by 2.4 percentage points over the last five years, giving the company more chips to play with Option Care Health is trading at $33.29 per share, or 25.5x forward price-to-earnings. Is now the time to initiate a position? Find out in our full research report, it's free. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 175% over the last five years. Stocks that made our list in 2019 include now familiar names such as Nvidia (+2,183% between December 2019 and December 2024) as well as under-the-radar businesses like Axon (+711% five-year return). Find your next big winner with StockStory today for free.
