EVgo (EVGO) Set to Announce Quarterly Earnings on Tuesday

EVgo (NYSE:EVGO) will announce its earnings results before the market opens on Tuesday, November 12th. Analysts expect the company to announce earnings of ($0.15) per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

EVgo Stock Performance

NYSE EVGO traded up $0.19 during trading hours on Tuesday, hitting $7.67. 801,438 shares of the company’s stock were exchanged, compared to its average volume of 4,295,323. The business’s 50 day moving average is $5.86 and its 200-day moving average is $3.82. EVgo has a 12-month low of $1.65 and a 12-month high of $9.07.

Insiders Place Their Bets

In other news, President Dennis G. Kish sold 16,414 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $3.60, for a total transaction of $59,090.40. Following the completion of the sale, the president now owns 47,614 shares of the company’s stock, valued at approximately $171,410.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Francine Sullivan sold 12,584 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $3.60, for a total value of $45,302.40. Following the completion of the sale, the insider now directly owns 117,327 shares in the company, valued at approximately $422,377.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Dennis G. Kish sold 16,414 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $3.60, for a total value of $59,090.40. Following the transaction, the president now owns 47,614 shares in the company, valued at $171,410.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 66.96% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on EVGO shares. JPMorgan Chase & Co. raised EVgo from a “neutral” rating to an “overweight” rating and set a $7.00 target price on the stock in a research report on Thursday, October 3rd. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $5.00 price objective on shares of EVgo in a research note on Monday, September 30th. Needham & Company LLC reissued a “hold” rating on shares of EVgo in a research report on Thursday, August 29th. Benchmark lifted their price target on shares of EVgo from $3.00 to $5.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Finally, Royal Bank of Canada increased their price objective on shares of EVgo from $4.00 to $8.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $6.61.

EVgo Company Profile

EVgo, Inc owns and operates a direct current fast charging network for electric vehicles (EVs) in the United States. The company offers electricity directly to drivers, who access its publicly available networked chargers; original equipment manufacturer charging and related services; fleet and rideshare public charging services; and charging as a service and fleet dedicated charging services.