EVgo’s stock price has taken a beating over the past six months, shedding 32.2% of its value and falling to $2.80 per share. This might have investors contemplating their next move.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how renewable energy stocks fared in Q4, starting with EVgo (NASDAQ:EVGO).
U.S. retail sales miss expectations in Feb, raising concerns about consumer strength. However, some areas show resilience & economy not near recession.
Investors can certainly boost their returns by concentrating on stocks trading between $1 and $10.
However, a disciplined approach is necessary because many of these businesses are speculative and lack the underlying fundamentals to support their prices.
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 (NASDAQ:EVGO) 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.
