EVgo rises after earnings topper, guiding for 2025 EBITDA breakeven [Seeking Alpha]
EVgo Inc. (EVGO)
Company Research
Source: Seeking Alpha
The company said the revenue growth was primarily driven by year-over-year increases in charging revenues and eXtend revenue. Network throughput increased to 53 GWh in the quarter, compared to 18 GWh a year ago. EVgo ( EVGO ) also said it added nearly 109,000 new customer accounts during the quarter, a 63% year-over-year increase in new accounts. The overall number of customer accounts was more than 981,000 at quarter end. Gross margin improved to 12.4% of sales from 0.2% year ago. Adjusted EBITDA was -$7.2M vs.- $20.1M a year ago. EPS was -$0.09 vs. -$0.14 consensus and -$0.18 a year ago. CEO update: "EVgo's business continues to grow and achieve record results, demonstrating the strength of our business model of owning and operating a fast-charging network as more Americans drive electric vehicles... We continue to build new stalls across the U.S. and see throughput growth outpacing growth of EVs in operation. EVgo's compelling unit economics, operating leverage, along with th
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EVGO
News
- Motiv Names Scott Griffith as Chief Executive Officer and Board MemberGlobeNewswire
- EVgo Doubles Down on Commitment to Begin NACS Deployments in 2024 [Yahoo! Finance]Yahoo! Finance
- EVgo Doubles Down on Commitment to Begin NACS Deployments in 2024Business Wire
- EVgo, Inc. (NYSE: EVGO) had its price target lowered by analysts at Evercore ISI from $8.00 to $7.00. They now have an "outperform" rating on the stock.MarketBeat
- EVgo, Inc. (NYSE: EVGO) had its price target lowered by analysts at Citigroup Inc. from $3.00 to $2.00. They now have a "neutral" rating on the stock.MarketBeat
EVGO
Earnings
- 5/7/24 - Beat
EVGO
Sec Filings
- 5/16/24 - Form 8-K
- 5/14/24 - Form 4
- 5/7/24 - Form 10-Q
- EVGO's page on the SEC website