Latest news with #EVgo
Yahoo
a day ago
- Automotive
- Yahoo
Why EVgo (EVGO) Stock Is Trading Up Today
What Happened? Shares of electric vehicle charging company EVgo (NASDAQ:EVGO) jumped 3.1% in the morning session after it secured a $225 million credit facility to accelerate the buildout of its nationwide electric vehicle charging infrastructure. The proceeds from the deal were earmarked to accelerate the deployment of more than 1,500 additional high-power fast charging stalls nationwide. This transaction was noted as the largest commercial bank facility for electric vehicle charging in the United States. The five-year credit facility, which was oversubscribed, also included an option to increase the total financing by $75 million to $300 million. The strong interest from the participating global project finance banks signaled significant lender confidence in the company's expansion plans and the future of EV infrastructure. After the initial pop the shares cooled down to $3.59, down 0.4% from previous close. Is now the time to buy EVgo? Access our full analysis report here, it's free. What Is The Market Telling Us EVgo's shares are extremely volatile and have had 56 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The biggest move we wrote about over the last year was 3 months ago when the stock gained 32.6% on the news that the company reported strong first quarter 2025 results which beat analysts' sales and EBITDA expectations. In addition, full-year EBITDA guidance outpaced Wall Street's estimates. What really stood out was how much more energy people used at its chargers, as network throughput jumped 60%. That helped push revenue up 36%, led by a big rise in charging fees as more cars plugged into EVgo's growing network of stations. Zooming out, we think this quarter featured some important positives. EVgo is down 14.4% since the beginning of the year, and at $3.59 per share, it is trading 59.9% below its 52-week high of $8.94 from October 2024. Investors who bought $1,000 worth of EVgo's shares at the IPO in November 2020 would now be looking at an investment worth $365.39. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
EVGO Stock Price Prediction: Where EVgo Could Be by 2025, 2026, 2030
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Analysts are saying that EVgo (EVGO) could hit $15 by the year 2030. Bullish on Evgo? You can trade Evgo futures on eToro, and if it's your first time signing up, . The electric vehicle (EV) industry is rapidly evolving and companies like EVgo (NASDAQ:EVGO) play a critical role in building the infrastructure needed to support it. As one of the leading providers of fast-charging stations across the United States, EVgo is positioned to benefit from the growing adoption of electric vehicles. But for investors, the big question remains: what does the future hold for EVgo's stock price? This article will provide a detailed prediction for EVgo's stock price in 2025, 2026 and 2030 based on expert opinions, technical analysis and market trends. Current Overview of EVgo Stock As of today, EVgo stock is trading at $3.97 per share. The company has a market capitalization of around $1.22 billion, reflecting its position as a significant player in the EV charging space. EVgo has been making headlines with impressive financial results. The company reported revenues of $256.8 million for 2024, marking a 60% year-over-year increase. EVgo's business model focuses on providing fast, reliable charging solutions for electric vehicles. The company operates over 850 fast-charging stations across the United States and has partnerships with major automakers, such as General Motors and Nissan. EVgo's growth prospects are tied to the expanding EV market, which is expected to surge as governments push for greener energy solutions and consumers continue to adopt electric vehicles faster. Despite these positive developments, EVgo has faced some challenges. The company operates in a highly competitive space and its stock has experienced significant volatility. Over the past 30 days, EVgo stock has seen price volatility of 9.14%, with 50% being 'green days' where the stock saw gains. The current sentiment for EVgo is bullish. However, technical indicators suggest that the stock could be overvalued at its current price, trading 15.25% below forecast levels. Don't Miss: This AI-powered trading platform has 5,000+ users, 27 pending patents, and a $43.97M valuation — become an investor for ust $500 today. Be part of the breakthrough that could replace plastic as we know it — invest in Timeplast before the July 31st deadline and help revolutionize a $1.3T industry. Methodology for Stock Price Prediction To predict EVgo's stock price for the coming years, we use a combination of technical and fundamental analysis and expert opinions. Technical analysis looks at historical price data, trends and patterns, while fundamental analysis focuses on the company's financial health, growth prospects and industry position. Expert opinions also provide valuable insights into market sentiment and possible future developments. Key indicators like the Fear & Greed Index, which currently sits at 39 (indicating 'Fear') and price volatility are factored in for technical analysis. Factors such as EVgo's revenue growth, profit margins and overall market conditions in the EV sector are considered for fundamental analysis. Combining these approaches helps provide a more balanced and realistic forecast for EVgo's stock price. EVgo Stock Price Prediction for 2025 EVgo stock is expected to increase moderately in 2025. According to current forecasts, it is predicted to reach $4.31 in November, representing an 8.48% increase from its current levels. This minimal growth is attributed to continued revenue increases and expanding infrastructure in the fast-charging market, supported by government incentives for clean energy and electric vehicles. The bullish sentiment suggests that EVgo could still be a good investment opportunity, especially since the stock is trading below its predicted value. Analysts project that with the company's ongoing growth and ability to outperform market expectations, EVgo stock could gradually climb throughout the year. Potential risks could temper this growth, such as market volatility and increased competition. EVgo Stock Price Prediction for 2026 By 2026, EVgo stock is expected to be more volatile, with price predictions ranging between $2.58 and $4.17 per share. On average, the stock is forecast to trade at $3.37 during the year. The most bearish estimates suggest that EVgo could experience a major dip in late 2026, with December potentially seeing the stock down more than 25% below its current price. This volatility can be attributed to fluctuations in the broader EV market and changing consumer demand. While the fundamentals remain strong – especially with EVgo's ability to grow revenues year over year – the stock's performance in 2026 will depend on how well the company executes its expansion plans and whether it can continue securing strategic partnerships. Recommended: $100k+ in investable assets? Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes – no cost, no obligation. Unlock pro-level trading, without the pro-level fees: Sign up for Generic Trade and trade at $0.59 per side on futures and options, or tour the platform for a free. EVgo Stock Price Prediction for 2030 Looking further ahead to 2030, EVgo stock is expected to experience substantial growth as the electric vehicle market matures. Optimistic projections suggest that EVgo could reach a stock price of $15 by 2030, driven by the widespread adoption of electric vehicles and the continued expansion of charging infrastructure nationwide. There are also more conservative estimates. In a worst-case scenario, EVgo stock could drop to below $1 in December 2030. On average, the stock is predicted to trade around $8 for the year, representing a 101% increase from today's price. Much of this growth depends on how well EVgo continues to capture market share and its ability to innovate within the fast-growing EV industry. This article EVGO Stock Price Prediction: Where EVgo Could Be by 2025, 2026, 2030 originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Automotive
- Yahoo
RBC Capital Maintained a Buy Rating on EVgo, Inc. (EVGO)
EVgo, Inc. (NASDAQ:EVGO) is one of the . On July 15, Chris Dendrinos from RBC Capital maintained a Buy rating on EVgo, Inc. (NASDAQ:EVGO). The company is set to report its second quarter earnings on August 1, 2025. The company beat expectations during its fiscal first quarter results. EVgo, Inc. (NASDAQ:EVGO) delivered revenue of $75.29 million, up 36.5% and ahead of expectations by $3.91 million. This was a record quarterly revenue driven by a 49% rise in Charging network revenue. Moreover, Network throughput reached 83GWh, marking a 60% jump year-over-year. Management noted that over 180 new charging stalls were added, ending the quarter with 4,240 stalls in operation. The company reaffirmed its FY2025 guidance and is expecting revenue between $340 million and $380 million. A businessman plugging in to a public charging station, symbolizing the services provided by the company. EVgo, Inc. (NASDAQ:EVGO) operates one of the largest public fast charging networks for electric vehicles in the United States, with more than 1,100 charging stations across over 40 states. 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: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Engadget
7 days ago
- Automotive
- Engadget
Lucid owners will get full access to Tesla's Supercharger network on July 31
Lucid EV owners will soon have full access to Tesla's Supercharger network, which is something that's been in the works since 2023. This goes live on July 31, allowing folks to juice up at more than 12,000 Supercharger stations throughout North America. Some of the company's vehicles can already use these charging stations, with the Gravity SUV gaining access earlier this year. That leaves the Air line of luxury EV sedans. These vehicles will be able to roll up to a Tesla Supercharger for a top-off at the end of the month, but there are some major caveats. First of all, Lucid Air EVs will require an official adapter that costs $220, as they don't ship with a built-in NACS ports. This adapter won't work with V1 or V2 charging stations, which whittles down the convenience factor a bit. There's another problem for Air owners. The adapter is limited to a 50kW peak charge rate, which provides around 200 miles of range per hour of charging. The Air can typically achieve a 300kW peak charge rate. Not only is this hobbled charge rate bad for Lucid Air devotees, it's also annoying for people that own other EVs. Remember, the Air will have to sit at the charger for an entire hour, which will increase traffic at the station. Luckily, there are other charging stations available that make use of that 300kW peak rate. Air owners can use stations by Electrify America, EVgo and ChargePoint for a quick jolt. It's good to know that the Tesla Superchargers will be there in a pinch, which could come in handy during a road trip. To view this content, you'll need to update your privacy settings. Please click here and view the "Content and social-media partners" setting to do so. The company also recently unveiled the 2026 lineup of Air EVs. There's the Lucid Air Pure, which is a relatively streamlined option. Prices for this one start at $70,900. The Lucid Air Touring boasts an estimated range of 431 miles per charge, which is a decent metric. It starts at $79,900. Finally, the Lucid Air Grand Touring is the baddest of the bunch, with an estimated range of 512 miles per charge. Prices start at $114,900, but the seats offer a massage feature.
Globe and Mail
21-07-2025
- Automotive
- Globe and Mail
EVgo to Report Second-Quarter 2025 Results on August 5
EVgo Inc. (Nasdaq: EVGO), one of the nation's largest public fast charging networks for electric vehicles (EVs), today announced that it will release its second quarter 2025 financial results on Tuesday, August 5. This release will be followed by a webcast hosted by members of the EVgo management team at 8 a.m. ET (5 a.m. PT). EVgo Second Quarter 2025 Webcast When: Tuesday, August 5 Time: 8 a.m. ET (5 a.m. PT) Live Webcast: A copy of the press release with the financial results and the presentation discussed during the webcast will be available on the Investor Relations section of EVgo's website prior to the commencement of the webcast. An archive of the webcast will be available for a period of time shortly after the call on the Events & Presentations page in the Investor Relations section of EVgo's website. About EVgo EVgo (Nasdaq: EVGO) is one of the nation's leading public fast charging providers. With more than 1,100 fast charging stations across over 40 states, EVgo strategically deploys localized and accessible charging infrastructure by partnering with leading businesses across the U.S., including retailers, grocery stores, restaurants, shopping centers, gas stations, rideshare operators, and autonomous vehicle companies. At its dedicated Innovation Lab, EVgo performs extensive interoperability testing and has ongoing technical collaborations with leading automakers and industry partners to advance the EV charging industry and deliver a seamless charging experience.
