EVgo (NASDAQ:EVGO) Releases Earnings Results, Beats Expectations By $0.04 EPS

EVgo (NASDAQ:EVGO) released its earnings results on Tuesday. The company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.04, Zacks reports. EVgo updated its FY 2025 guidance to EPS.

EVgo Trading Down 7.9 %

NASDAQ EVGO opened at $2.44 on Tuesday. The stock has a fifty day simple moving average of $3.47 and a 200-day simple moving average of $4.93. EVgo has a twelve month low of $1.65 and a twelve month high of $9.07. The stock has a market cap of $739.69 million, a PE ratio of -5.81 and a beta of 2.32.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. JPMorgan Chase & Co. cut their price objective on EVgo from $7.00 to $6.00 and set an “overweight” rating for the company in a research report on Wednesday, February 19th. Needham & Company LLC reiterated a “hold” rating on shares of EVgo in a research report on Thursday, January 16th. Finally, UBS Group dropped their price target on EVgo from $8.00 to $5.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $6.11.

Insider Activity at EVgo

In other news, Director David Nanus sold 23,000,000 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $5.00, for a total transaction of $115,000,000.00. Following the sale, the director now owns 5,882,352 shares of the company’s stock, valued at approximately $29,411,760. This trade represents a 79.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Dennis G. Kish sold 44,184 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $3.41, for a total value of $150,667.44. Following the sale, the president now directly owns 95,986 shares in the company, valued at $327,312.26. This trade represents a 31.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,061,563 shares of company stock worth $115,225,745 in the last three months. 66.96% of the stock is owned by company insiders.

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.