EVgo Inc. (NASDAQ:EVGO) Given Consensus Recommendation of “Hold” by Analysts

Shares of EVgo Inc. (NASDAQ:EVGO) have earned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $5.4750.

EVGO has been the topic of a number of research analyst reports. Royal Bank Of Canada lowered their price target on EVgo from $4.50 to $3.00 and set an “outperform” rating on the stock in a report on Wednesday, May 6th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of EVgo in a report on Tuesday, July 21st. Weiss Ratings reiterated a “sell (e+)” rating on shares of EVgo in a research report on Wednesday, July 15th. Wall Street Zen cut shares of EVgo from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 9th. Finally, Needham & Company LLC restated a “hold” rating on shares of EVgo in a research report on Wednesday.

Institutional Investors Weigh In On EVgo

A number of institutional investors have recently added to or reduced their stakes in EVGO. Quarry LP boosted its stake in EVgo by 145.0% during the 4th quarter. Quarry LP now owns 9,307 shares of the company’s stock valued at $27,000 after purchasing an additional 5,508 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of EVgo in the fourth quarter valued at $27,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of EVgo by 4,903.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 9,856 shares of the company’s stock valued at $29,000 after buying an additional 9,659 shares during the period. Balyasny Asset Management L.P. bought a new position in EVgo during the fourth quarter valued at about $32,000. Finally, Sage Investment Advisers LLC acquired a new position in EVgo during the fourth quarter worth about $36,000. 17.44% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting EVgo

Here are the key news stories impacting EVgo this week:

• Positive Sentiment: EVgo reported second-quarter charging-network revenue of $61 million, up 19% year over year, with network throughput rising 13% to 99 gigawatt-hours. This marked the company’s 18th consecutive quarter of double-digit charging-revenue growth. EVgo Second Quarter 2026 Results
• Positive Sentiment: The company announced plans to deploy EVgo-branded Tesla V4 Superchargers, capable of up to 500 kilowatts and 1,000 volts. The initiative could expand EVgo’s network, improve charging capabilities and create additional utilization opportunities. EVgo Supercharger Deployment
• Positive Sentiment: EVgo outlined a long-term plan targeting approximately $500 million in adjusted EBITDA by 2030. It is also expanding through a Brixmor partnership involving more than 500 planned fast-charging stalls at shopping centers, while the Pilot-General Motors-EVgo network has surpassed 300 locations and 1,300 stalls. EVgo EBITDA Plan and Tesla Chargers
• Neutral Sentiment: EVgo’s second-quarter loss of $0.15 per share was narrower than the $0.18 consensus estimate, but the company remained unprofitable and the loss was wider than the $0.10 loss recorded a year earlier. EVgo Q2 Earnings
• Negative Sentiment: Total quarterly revenue declined 15.7% year over year, overshadowing growth in charging-network revenue and signaling continued pressure in other parts of the business.
• Negative Sentiment: EVgo guided to fiscal 2026 revenue of $400 million-$430 million, below the $433.2 million analyst consensus. The outlook increased concerns about near-term growth and likely contributed to the negative stock reaction. EVgo Fiscal 2026 Guidance
• Negative Sentiment: Needham reaffirmed its “hold” rating, offering no new bullish catalyst as investors assess EVgo’s losses, guidance and execution risks.

EVgo Stock Performance

Shares of NASDAQ EVGO opened at $1.53 on Friday. EVgo has a 12-month low of $1.41 and a 12-month high of $5.18. The company has a market cap of $480.21 million, a PE ratio of -4.37 and a beta of 2.82. The stock has a 50 day simple moving average of $1.86 and a 200-day simple moving average of $2.17. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 5.39.

EVgo (NASDAQ:EVGO) last posted its earnings results on Wednesday, August 5th. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.03. The company’s revenue for the quarter was down 15.7% compared to the same quarter last year. During the same period last year, the firm earned ($0.10) earnings per share. On average, equities research analysts forecast that EVgo will post -0.51 EPS for the current year.

EVgo Company Profile

EVgo operates one of the largest public electric vehicle (EV) fast-charging networks in the United States, delivering direct current (DC) fast charging and Level 2 charging services to passenger vehicles and commercial fleets. The company’s charging stations are strategically located in urban centers, suburban shopping areas, workplace parking facilities, and along major highway corridors, enabling convenient access for EV drivers and promoting long-distance travel.

The company offers a suite of charging solutions, including subscription plans, pay-per-use options, and fleet charging services tailored to the needs of ride-hailing, delivery, and corporate vehicle fleets.