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.
OVERLAND PARK, KS / ACCESSWIRE / December 13, 2024 / Tortoise Capital today announced upcoming additions and deletions to its indices as part of its regular quarterly rebalancing for the fourth quarter of 2024. Following the close of trading on Friday, Dec. 20, 2024, the indices will be rebalanced according to their stated methodologies and as a result, the following changes will become effective.
EVgo secures $1.25B DOE loan guarantee, avoiding equity dilution and setting up for 7,500 fast-charging stations in 5 years. JPMorgan predicts 10-20% upside and sees it as a top Clean Tech pick.
EVgo secures a $1.25 billion loan from the U.S. Department of Energy to expand its fast charging network, aiming to triple its footprint to 10,000 stalls by 2029.
EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”) today announced the closing of its $1.25 billion guaranteed loan facility from the U.S. Department of Energy (“DOE”) Loan Programs Office (“LPO”) under its Title 17 Clean Energy Financing Program to support EVgo’s forthcoming efforts to build convenient, reliable public charging infrastructure for electric vehicles (EVs) with the construction of 7,500 new fast charging stalls nationwide. This buildout will bring EVgo’s total owned and operated network to at least 10,000 fast charging stalls, allowing the Company to more than triple its network footprint by 2029.
EV charging stocks down 21% in Nov, but EVgo shines w/ consistent growth and expanding customer base. Tesla dominates, but EVgo's playbook for success positions it well for the future.
EVgo and General Motors have surpassed 2,000 public fast-charging stalls as part of their ongoing metropolitan charging collaboration. To date, EVgo and General Motors have installed fast charging stations at over 390 locations across 45 metropolitan markets in 32 states, aiming to expand access to public charging in convenient, amenity-rich locations such as grocery stores, retail centers, and city hubs.
EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the nation’s largest providers of public fast charging infrastructure for electric vehicles (EVs), and General Motors (GM) have surpassed 2,000 public fast charging stalls opened through their ongoing metropolitan charging collaboration. To date, EVgo and GM have built fast charging stalls in more than 390 locations in 45 metropolitan markets across 32 states as part of a longstanding collaboration to broaden access to public charging in amenity-rich locations, such as grocery stores, retail centers and city centers, while also serving customers who are unable to charge at home or work, such as renters and those living in multifamily dwellings.
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EVgo stands firm despite potential policy changes, with strategic positioning in Republican-led states and confidence in DOE loan. Bullish trajectory ahead, says analyst.
EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the nation’s largest public fast charging networks for electric vehicles (EVs), today announced an expansion to its longstanding partnership with Meijer, a Midwest grocery retailer, to bring more public fast charging infrastructure to Meijer store locations throughout its six-state footprint. As part of this expanded relationship, EVgo plans to deploy up to 480 new public fast charging stalls at Meijer properties across Michigan, Illinois, Wisconsin, Indiana, Ohio, and Kentucky.
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Electric vehicle charging company EVgo (NASDAQ:EVGO) reported Q3 CY2024 results beating Wall Street’s revenue expectations, with sales up 92.4% year on year to $67.54 million. The company expects the full year’s revenue to be around $257.5 million, close to analysts’ estimates. Its GAAP loss of $0.11 per share was also 4.3% above analysts’ consensus estimates.
EVgo reported 92% year-on-year sales growth to $67.5 million, beating estimates. Network throughput grew 111% and customer accounts reached 1.2 million. Adjusted gross profit and margin improved, while adjusted EBITDA loss and EPS beat estimates. The company revised its FY24 revenue guidance.
EVgo Inc. (Nasdaq: EVGO) (“EVgo” or the “Company”) today announced results for the third quarter ended September 30, 2024. Management will host a conference call today at 8 a.m. ET / 5 a.m. PT to discuss EVgo’s results and other business highlights.
