Analyst Predicts EVgo Will Enter Transition Year in 2026 as Profitability Approaches
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 11 2025
0mins
Should l Buy EVGO?
Source: Benzinga
Quarterly Performance: EVgo Inc. reported a fiscal Q3 2025 loss of 9 cents per share, with revenue increasing 37% year-over-year to $92.3 million, surpassing analyst expectations.
Analyst Insights: JP Morgan's Bill Peterson maintained an Overweight rating on EVgo, lowering the price target from $7 to $6, citing ongoing EV demand challenges but highlighting potential growth from dynamic pricing and partnerships.
Sales Outlook: The company raised its fiscal 2025 sales forecast from $350-$380 million to $350-$405 million, with expectations for a transition year in 2026 leading to potential profitability in the second half.
Market Reaction: EVGO shares fell by 1.60% to $3.385 following the earnings report, with analysts suggesting that bearish sentiment may be excessive at current levels.
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Analyst Views on EVGO
Wall Street analysts forecast EVGO stock price to rise
8 Analyst Rating
6 Buy
2 Hold
0 Sell
Strong Buy
Current: 2.230
Low
4.00
Averages
5.65
High
7.50
Current: 2.230
Low
4.00
Averages
5.65
High
7.50
About EVGO
EVgo Inc. provides electric vehicle charging solutions. The Company owns and operates a public direct current fast charging network for electric vehicles in the United States. Its network of charging stations provides EV charging infrastructure to consumers and businesses. It partners with automotive original equipment manufacturers (OEMs), fleet and rideshare operators, retail hosts such as grocery stores, shopping centers, gas stations, parking lot operators, governments and other organizations and property owners to locate and deploy its EV charging infrastructure. In addition to the provision of EV charging infrastructure, it is developing and deploying software-based, value-added services to drivers and partners.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
EVgo Shares Climb Despite EV Market Decline, But 2026 Outlook Appears Gloomy.
- EVgo's Performance: EVgo finished 2025 on a strong note despite challenges in the electric vehicle market.
- Industry Outlook: The electric vehicle industry is expected to face lower sales in 2026, impacting companies like EVgo.
See More
EVgo Q4 Earnings Exceed Expectations with Strong Revenue Growth
- Earnings Highlights: EVgo reported a Q4 GAAP EPS of -$0.04, beating expectations by $0.03, with revenue of $118.47 million reflecting a 75.5% year-over-year increase, surpassing market forecasts by $15.86 million, indicating robust market performance.
- Charging Network Revenue: The charging network revenue reached a record $64 million in Q4, up 37% year-over-year, marking the 16th consecutive quarter of double-digit annual growth, which further solidifies the company's leadership in the EV charging market.
- Throughput Growth: Network throughput hit 99 GWh in Q4, an 18% year-over-year increase, demonstrating significant progress in enhancing charging efficiency and service capabilities, thereby improving customer experience.
- Future Guidance: EVgo has set a total revenue guidance range of $410 million to $470 million for 2026, although below the consensus of $478.03 million, with adjusted EBITDA expectations ranging from -$20 million to $20 million, reflecting strategic adjustments in profitability.
See More
Movers in the Market: MongoDB, Archer Aviation, Plug Power, Quantum Computing, Sandisk, Freeport-McMoRan, and Others
- Stock Market Trends: Stock futures are declining as investors express concerns over the ongoing conflict in the Middle East.
- Investor Sentiment: The uncertainty surrounding the situation is contributing to negative sentiment in the financial markets.
See More
EVgo Set to Announce Q4 Earnings on March 3rd
- Earnings Announcement: EVgo is set to release its Q4 earnings on March 3rd before market open, with consensus EPS estimates at -$0.14 and revenue expected to reach $102.61 million, reflecting a 52% year-over-year growth.
- Performance Expectations: Over the past year, EVgo has beaten EPS estimates 50% of the time and achieved a 100% success rate in exceeding revenue expectations, indicating its stability and growth potential in the market.
- Estimate Revision Trends: In the last three months, EPS estimates have seen no upward revisions and one downward revision, while revenue estimates experienced one upward revision with no downward adjustments, suggesting a positive outlook for EVgo's revenue prospects.
- Strategic Partnership Expansion: EVgo has recently expanded its EV battery charging partnership with Kroger, further solidifying its leadership position in the EV charging market, which is expected to drive future performance growth.
See More
EVgo Expands Charging Network with Kroger Partnership
- Rating Reaffirmed: On February 16, JPMorgan reiterated its Buy rating on EVgo with a price target of $6, indicating confidence in the company's growth potential, which may attract more investor interest.
- Charging Station Expansion: EVgo plans to build at least 150 fast charging stalls annually at Kroger locations through 2035, significantly enhancing its charging infrastructure coverage across the U.S.
- Partnership Expansion: This partnership with Kroger, which began in 2022, will allow select Kroger stores to install up to 16 high-power fast charging stalls, aiming to provide convenient charging options for customers.
- Operational Status: The first new charging site is already operational in Salt Lake City, Utah, with plans to open additional locations in states like Arizona, California, and Florida, further strengthening its competitive position in the market.
See More
EVgo to Release Q4 and Full Year 2025 Financial Results
- Earnings Release Schedule: EVgo will announce its fourth quarter and full year 2025 financial results on March 3, 2026, which is expected to significantly impact investors by providing the latest insights into the company's operations and financial health.
- Live Webcast Timing: Following the earnings release, the EVgo management team will host a live webcast at 8 a.m. ET (5 a.m. PT), allowing investors to access real-time information and engage in interactive discussions.
- Investor Relations Information: Relevant materials for the earnings report and webcast will be made available on EVgo's Investor Relations website in advance, ensuring that investors can obtain critical information promptly and enhancing transparency.
- Charging Infrastructure Overview: EVgo operates over 1,200 fast charging stations across 47 states, strategically partnering with retailers, restaurants, and other businesses to promote the widespread adoption and development of electric vehicle charging infrastructure.
See More
EVgo Shares Climb Despite EV Market Decline, But 2026 Outlook Appears Gloomy.
- EVgo's Performance: EVgo finished 2025 on a strong note despite challenges in the electric vehicle market.
- Industry Outlook: The electric vehicle industry is expected to face lower sales in 2026, impacting companies like EVgo.
See More
EVgo Q4 Earnings Exceed Expectations with Strong Revenue Growth
- Earnings Highlights: EVgo reported a Q4 GAAP EPS of -$0.04, beating expectations by $0.03, with revenue of $118.47 million reflecting a 75.5% year-over-year increase, surpassing market forecasts by $15.86 million, indicating robust market performance.
- Charging Network Revenue: The charging network revenue reached a record $64 million in Q4, up 37% year-over-year, marking the 16th consecutive quarter of double-digit annual growth, which further solidifies the company's leadership in the EV charging market.
- Throughput Growth: Network throughput hit 99 GWh in Q4, an 18% year-over-year increase, demonstrating significant progress in enhancing charging efficiency and service capabilities, thereby improving customer experience.
- Future Guidance: EVgo has set a total revenue guidance range of $410 million to $470 million for 2026, although below the consensus of $478.03 million, with adjusted EBITDA expectations ranging from -$20 million to $20 million, reflecting strategic adjustments in profitability.
See More
Movers in the Market: MongoDB, Archer Aviation, Plug Power, Quantum Computing, Sandisk, Freeport-McMoRan, and Others
- Stock Market Trends: Stock futures are declining as investors express concerns over the ongoing conflict in the Middle East.
- Investor Sentiment: The uncertainty surrounding the situation is contributing to negative sentiment in the financial markets.
See More
EVgo Set to Announce Q4 Earnings on March 3rd
- Earnings Announcement: EVgo is set to release its Q4 earnings on March 3rd before market open, with consensus EPS estimates at -$0.14 and revenue expected to reach $102.61 million, reflecting a 52% year-over-year growth.
- Performance Expectations: Over the past year, EVgo has beaten EPS estimates 50% of the time and achieved a 100% success rate in exceeding revenue expectations, indicating its stability and growth potential in the market.
- Estimate Revision Trends: In the last three months, EPS estimates have seen no upward revisions and one downward revision, while revenue estimates experienced one upward revision with no downward adjustments, suggesting a positive outlook for EVgo's revenue prospects.
- Strategic Partnership Expansion: EVgo has recently expanded its EV battery charging partnership with Kroger, further solidifying its leadership position in the EV charging market, which is expected to drive future performance growth.
See More
EVgo Expands Charging Network with Kroger Partnership
- Rating Reaffirmed: On February 16, JPMorgan reiterated its Buy rating on EVgo with a price target of $6, indicating confidence in the company's growth potential, which may attract more investor interest.
- Charging Station Expansion: EVgo plans to build at least 150 fast charging stalls annually at Kroger locations through 2035, significantly enhancing its charging infrastructure coverage across the U.S.
- Partnership Expansion: This partnership with Kroger, which began in 2022, will allow select Kroger stores to install up to 16 high-power fast charging stalls, aiming to provide convenient charging options for customers.
- Operational Status: The first new charging site is already operational in Salt Lake City, Utah, with plans to open additional locations in states like Arizona, California, and Florida, further strengthening its competitive position in the market.
See More
EVgo to Release Q4 and Full Year 2025 Financial Results
- Earnings Release Schedule: EVgo will announce its fourth quarter and full year 2025 financial results on March 3, 2026, which is expected to significantly impact investors by providing the latest insights into the company's operations and financial health.
- Live Webcast Timing: Following the earnings release, the EVgo management team will host a live webcast at 8 a.m. ET (5 a.m. PT), allowing investors to access real-time information and engage in interactive discussions.
- Investor Relations Information: Relevant materials for the earnings report and webcast will be made available on EVgo's Investor Relations website in advance, ensuring that investors can obtain critical information promptly and enhancing transparency.
- Charging Infrastructure Overview: EVgo operates over 1,200 fast charging stations across 47 states, strategically partnering with retailers, restaurants, and other businesses to promote the widespread adoption and development of electric vehicle charging infrastructure.
See More
