EVgo Inc. (NASDAQ:EVGO) Stock Has Consensus Price Target of $2.79 According to Brokerages

Shares of EVgo Inc. (NASDAQ:EVGO) have earned a consensus rating of “Hold” from the ten research firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $2.71.

Several research firms have recently commented on EVGO. Cantor Fitzgerald lowered shares of EVgo from an “overweight” rating to a “hold” rating and reduced their price target for the company from $3.00 to $2.00 in a research report on Tuesday, November 3rd. Roth Capital downgraded shares of EVgo from a “buy” rating to a “neutral” rating and set a $2.00 price objective on the stock. in a report on Tuesday. UBS Group downgraded shares of EVgo from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 3rd. Stifel Nicolaus cut their target price on shares of EVgo from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Tuesday, August 25th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of EVgo in a research report on Wednesday, August 5th.

EVgo Price Performance

Shares of NASDAQ:EVGO opened at $1.84 on Monday. The company has a debt-to-equity ratio of 5.39, a current ratio of 2.19 and a quick ratio of 2.19. The company has a market capitalization of $578.72 million, a PE ratio of -4.09 and a beta of 2.87. EVgo has a 1-year low of $0.98 and a 1-year high of $3.54. The business has a fifty day moving average price of $1.37 and a 200-day moving average price of $1.88.

EVgo (NASDAQ:EVGO) last released its quarterly earnings data on Friday, November 6th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.04. The business had revenue of $91.42 million for the quarter. During the same quarter in the previous year, the business earned ($0.09) earnings per share. EVgo’s revenue was down 1.0% compared to the same quarter last year. As a group, equities analysts expect that EVgo will post -0.53 EPS for the current fiscal year.

Institutional Trading of EVgo

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp raised its stake in shares of EVgo by 1.3% in the second quarter. State Street Corp now owns 6,371,895 shares of the company’s stock worth $12,170,000 after buying an additional 80,946 shares during the period. Renaissance Technologies LLC increased its holdings in EVgo by 31.8% in the 1st quarter. Renaissance Technologies LLC now owns 1,192,933 shares of the company’s stock worth $2,052,000 after acquiring an additional 288,100 shares in the last quarter. Lazard Asset Management LLC increased its holdings in EVgo by 89.4% in the 1st quarter. Lazard Asset Management LLC now owns 652,657 shares of the company’s stock worth $1,123,000 after acquiring an additional 307,984 shares in the last quarter. J. Derek Lewis & Associates Inc. raised its stake in EVgo by 1,127.7% during the 3rd quarter. J. Derek Lewis & Associates Inc. now owns 515,625 shares of the company’s stock worth $687,000 after acquiring an additional 473,625 shares during the period. Finally, Tidal Investments LLC raised its stake in EVgo by 2,675.5% during the 2nd quarter. Tidal Investments LLC now owns 331,891 shares of the company’s stock worth $634,000 after acquiring an additional 319,933 shares during the period. Hedge funds and other institutional investors own 17.44% of the company’s stock.

Trending Headlines about EVgo

Here are a few of the latest headlines about EVGO:

• Positive Sentiment: EVgo’s core charging-network revenue increased 29% year over year to $72 million, while the company cut planned 2026 capital expenditures by $100 million. The spending reduction may help preserve cash as EV adoption remains muted. Article: EVgo: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: A go-private proposal involving EVgo has emerged, potentially creating a source of takeover-related value. However, the available reports do not establish whether a transaction will proceed or what its final terms would be. Article: EVgo Gets Buyout Offer
• Negative Sentiment: Several firms cut their ratings: BMO Capital moved to Sell, while Roth Capital and RBC lowered their ratings to Neutral or Sector Perform. The downgrades add to concerns about EVgo’s risk and upside following the company’s results and the go-private proposal. Article: EVgo Shares Fall After Downgrades From BMO Capital, Roth Capital, RBC

About EVgo

EVgo Inc. operates a public electric vehicle fast-charging network in the United States. Its stations primarily provide direct-current fast charging, allowing drivers to recharge compatible vehicles while traveling or during daily trips. Drivers can locate stations and manage charging sessions through EVgo’s mobile app and other vehicle and navigation platforms. The company also works with automakers, fleets, rideshare operators, utilities, and commercial property owners to develop and support charging infrastructure.