EVgo: Likely Won't Be Cash Flow Positive Until 2031, Yet Appears To Be A Great Long-Term Investment [Seeking Alpha]
EVgo Inc. (EVGO)
Company Research
Source: Seeking Alpha
Despite gross margin gains, EVGO faces persistent operational losses, heavy CapEx, and ongoing share dilution risks, with negative free cash flow expected until 2031, according to my DCF model. My proprietary DCF model yields a $23.27 price target, implying a 24% CAGR, supported by DOE loan-driven network expansion and long-term industry tailwinds. While near-term growth slows and dilution risk persists, EVGO offers utility-like stability, margin expansion, and high double-digit revenue growth potential into the 2030s. Editor's note: Seeking Alpha is proud to welcome Ultima Thule Advisory as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of EVGO either through stock ownership, options, or other derivatives. I wrote this
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EVGO
News
- EVgo to Report First Quarter 2026 Results on May 5 [Yahoo! Finance]Yahoo! Finance
- EVgo to Report First Quarter 2026 Results on May 5GlobeNewswire
- EVgo Inc. (EVGO) is One of the Best Shorted Penny Stocks to Look at, Here is Why [Yahoo! Finance]Yahoo! Finance
- EVgo: It Is Getting Very Attractive As Operations Nearing Breakeven [Seeking Alpha]Seeking Alpha
- JPMorgan Downgrades EVgo (EVGO) to Neutral from Overweight [Yahoo! Finance]Yahoo! Finance
EVGO
Earnings
- 3/3/26 - Beat
EVGO
Sec Filings
- 4/3/26 - Form 4
- 4/3/26 - Form DEFA14A
- 4/3/26 - Form ARS
- EVGO's page on the SEC website