EVGO

EVgo Inc

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Advanced Chart

3.410

-0.18(-5.014%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

3.5962

Open

3.570

VWAP

Vol

4.68M

Mkt Cap

1.05B

Low

3.390

Amount

EV/EBITDA(TTM)

Total Shares

106.23M

1.43B

EV/OCF(TTM)

P/S(TTM)

1.40

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.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2025Q3

FY2025Q2

99.69M

+47.66%

92.55M

+37.04%

85.10M

+27.74%

Estimates Revision

The market is revising Downward the revenue expectations for EVgo, Inc. (EVGO) for FY2025, with the revenue forecasts being adjusted by -0.01% over the past three months. During the same period, the stock price has changed by 23.55%.

Revenue Estimates for FY2025

Revise Downward

-0.01%

In Past 3 Month

Stock Price

Go Up

+23.55%

In Past 3 Month

7 Analyst Rating

66.28% Upside

Wall Street analysts forecast EVGO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EVGO is 5.67 USD with a low forecast of 4.00 USD and a high forecast of 8.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

5 Buy

2 Hold

0 Sell

Moderate Buy

66.28% Upside

Current: 3.410

Low

4.00

Averages

5.67

High

8.00

66.28% Upside

Current: 3.410

Low

4.00

Averages

5.67

High

8.00

Morgan Stanley

Andrew Percoco

Equal Weight

initiated

2025-06-02

Reason

Morgan Stanley

Andrew Percoco

Price Target

2025-06-02

initiated

Equal Weight

Reason

Morgan Stanley analyst Andrew Percoco initiated coverage of 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.

Evercore ISI Group

James West

Buy

Maintains

$7 → $4

2025-03-31

Reason

Evercore ISI Group

James West

Price Target

$7 → $4

2025-03-31

Maintains

Buy

Reason

Evercore ISI lowered the firm's price target on EVgo to $4 from $7 and keeps an Outperform rating on the shares following a transfer of coverage. EVgo is one of the leading providers of direct current fast charging in the U.S., operating over 4,000 charging stalls, the analyst tells investors in a research note. The firm sees DC fast-charging as a key enabler of national electric vehicle adoption in the U.S. and a "strategic winner-take-most market" given the need for scale and network effects.

JP Morgan

Bill Peterson

Buy

Maintains

$6 → $5

2025-03-12

Reason

JP Morgan

Bill Peterson

Price Target

$6 → $5

2025-03-12

Maintains

Buy

Reason

JPMorgan lowered the firm's price target on EVgo to $5 from $6 and keeps an Overweight rating on the shares. The firm updated the company's model post the Q4 report, accounting for the disclosure around charging stalls now split between Public, Dedicated, and eXtend. JPMorgan cites multiple compression in the space for the target cut. The firm does not think the stock will "hit a floor" until EVgo completes a second drawdown on its loan to demonstrate that claw-back is unlikely and any changes to electric vehicle incentives have been fully clarified.

Stifel

Stephen Gengaro

Strong Buy

Maintains

$10 → $8

2025-03-06

Reason

Stifel

Stephen Gengaro

Price Target

$10 → $8

2025-03-06

Maintains

Strong Buy

Reason

Stifel lowered the firm's price target on EVgo to $8 from $10 and keeps a Buy rating on the shares. EVgo delivered "solid" Q4 results, bolstered by stronger-than-expected gross margins, the analyst tells investors. Both utilization and average throughput per stall continue to trend higher, notes the firm, which remains confident in the company's ability to deliver positive EBITDA during 2025.

Needham

Chris Pierce

Hold

Reiterates

n/a

2025-03-05

Reason

Needham

Chris Pierce

Price Target

n/a

2025-03-05

Reiterates

Hold

Reason

Cantor Fitzgerald

Andres Sheppard

Buy

Reiterates

2025-03-05

Reason

Cantor Fitzgerald

Andres Sheppard

Price Target

2025-03-05

Reiterates

Buy

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for EVgo Inc (EVGO.O) is -11.30, compared to its 5-year average forward P/E of -14.42. For a more detailed relative valuation and DCF analysis to assess EVgo Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

-14.42

Current PE

-11.30

Overvalued PE

-5.34

Undervalued PE

-23.51

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

-1.35

Current EV/EBITDA

52.23

Overvalued EV/EBITDA

109.18

Undervalued EV/EBITDA

-111.88

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

N/A

5Y Average PS

6.22

Current PS

1.29

Overvalued PS

13.11

Undervalued PS

-0.66