EVgo Stock Jumps After Earnings on Strong Sales Growth and Solid Guidance [MarketWatch]
EVgo Inc. (EVGO)
Company Research
Source: MarketWatch
Want to see it on more articles? Give your feedback below or email product@barrons.com thumb-stroke-medium thumb-stroke-medium EVgo ended 2023 with 2,990 charging stalls in operation. Courtesy of EVgo EVgo stock soared Wednesday after the electric-vehicle charging company posted a smaller-than-expected loss and solid guidance. On Wednesday morning, EVgo reported sales of $50 million for the fourth quarter, and said its adjusted earnings before interest, taxes, depreciation, and amortization, or Ebitda, were negative $14 million. Wall Street was looking for an Ebitda loss of $17 million and about $44 million in sales, according to FactSet. “EVgo had a fantastic 2023 as we relentlessly focused on customer experience, a digital-first approach, and station development resulting in revenue growth that nearly tripled,” said CEO Badar Khan in a news release. Advertisement More electric vehicles on roads means more sales for EVgo. Full-year sales came in at $161 million, u
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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