EVGO Should I Buy
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EVgo Inc is not a strong buy at the moment for a beginner investor with a long-term strategy. While the company shows promising revenue growth and gross margin improvements, the technical indicators, insider selling, and lack of positive trading signals suggest waiting for a clearer entry point.
The MACD is negatively expanding, RSI is neutral at 36.189, and moving averages are converging. The stock is trading near its support level of 2.834, with resistance at 3.254. Overall, the technical indicators do not suggest a strong bullish trend.
Gross margin improved significantly to 10.1%, up 415.31% YoY. Analysts maintain a Buy rating with a price target of $7.50, citing progress toward breakeven EBITDA and reduced capital expenditures per stall.
Insider selling increased by 196% over the last month. The stock price dropped by 3.95% in the regular market session. No recent news or significant trading trends from hedge funds. EPS dropped by 18.18% YoY.
In Q3 2025, revenue increased to $92.3M (up 36.67% YoY), net income improved to -$12.3M (up 5.92% YoY), and gross margin increased to 10.1% (up 415.31% YoY). However, EPS dropped to -0.09 (down 18.18% YoY).
Stifel maintains a Buy rating with a price target lowered to $7.50 from $8, citing steady progress on DOE loan advances and momentum toward breakeven EBITDA.
