Latest news with #EVGO
Yahoo
14-07-2025
- Business
- Yahoo
UBS Affirms ‘Buy' Rating on Evgo (EVGO) Amid Profitability Prospects
Evgo, Inc. (NASDAQ:EVGO) is one of the best green energy penny stocks to buy right now. On June 17, UBS reiterated a 'Buy' rating and a $5 price target. UBS views the company as its preferred electric vehicle charging investment as it is poised to benefit from various catalysts. A row of charging stations glowing with the power of the sun ready for public use. For starters, the research firm has echoed the long-term impact of additional Department of Energy loan disbursements. It expects the disbursements to provide Evgo with extra capital. In addition, UBS expects the company to achieve its first-ever positive adjusted EBITDA quarter in Q2, marking an essential step toward profitability. Consequently, UBS expects Evgo to generate adjusted EBITDA of $3.5 million in 2025, $36.4 million in 2026, and $61.8 million in 2027. In the first quarter, the company generated $75.3 million in revenues, better than the $71.4 million that analysts expected. Evgo, Inc. (NASDAQ:EVGO) is a leading provider of fast charging stations for electric cars, making it easier for people to own and use EVs. It builds and operates a public fast-charging network for electric vehicles. While we acknowledge the potential of EVGO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Most Popular AI Penny Stocks to Buy According to Billionaires and 10 Best Defensive Stocks to Buy in a Volatile Market. Disclosure: None. This article is originally published at Insider Monkey.
Business Insider
18-06-2025
- Business
- Business Insider
EVgo (EVGO) Gets a Buy from Evercore ISI
Evercore ISI analyst James West maintained a Buy rating on EVgo (EVGO – Research Report) yesterday and set a price target of $4.00. The company's shares closed yesterday at $4.52. Confident Investing Starts Here: According to TipRanks, West is ranked #9438 out of 9595 analysts. The word on The Street in general, suggests a Strong Buy analyst consensus rating for EVgo with a $5.86 average price target, a 29.65% upside from current levels. In a report released yesterday, UBS also reiterated a Buy rating on the stock with a $5.00 price target. Based on EVgo's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $75.29 million and a GAAP net loss of $26.05 million. In comparison, last year the company earned a revenue of $55.16 million and had a GAAP net loss of $9.77 million Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EVGO in relation to earlier this year. Last month, DENNIS G KISH, the President of EVGO sold 120,000.00 shares for a total of $444,874.95.
Business Insider
03-06-2025
- 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.
