Evgo Inc is a leading provider of a public electric vehicle (EV) fast charging network in the United States
The company focuses on developing and operating charging stations that enable convenient and accessible charging for electric vehicle owners. Through its extensive network, Evgo aims to support the transition to sustainable transportation by providing reliable fast charging options that cater to both individual and fleet EV users. The company collaborates with various automakers, businesses, and municipalities to expand its charging infrastructure and enhance the overall EV experience.
ChargePoint reaffirmed its goal of achieving positive adjusted EBITDA in a quarter of fiscal 2026, while EVgo reiterated its goal of reaching adjusted EBITDA breakeven in 2025
Electric vehicle charging company EVgo (NASDAQEVGO) missed Wall Street’s revenue expectations in Q4 CY2024, but sales rose 35% year on year to $67.51 million. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $360 million at the midpoint. Its GAAP loss of $0.11 per share was 13.9% below analysts’ consensus estimates.
Whether you see them or not, industrials businesses play a crucial part in our daily activities. Still, their generally high capital requirements expose them to the ups and downs of economic cycles,
and the industry’s six-month return of 8.6% has fallen short of the S&P 500’s 11.3% rise.
Tariffs on Canadian and Mexican auto imports could raise car prices by $3,000, while tariffs on Chinese graphite may impact EV makers. Higher costs could slow EV growth in the US.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at renewable energy stocks, starting with Array (NASDAQARRY).
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What a fantastic six months it’s been for EVgo. Shares of the company have skyrocketed 69.7%, hitting $4.31. This was partly thanks to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
