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.
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.
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.
Let’s dig into the relative performance of American Superconductor (NASDAQ:AMSC) and its peers as we unravel the now-completed Q3 renewable energy earnings season.
Sustainable investing faces mixed signals but select stocks, like EVgo, Plug Power, TopBuild, AZEK, and Air Products, are poised for growth in 2025 due to ESG catalysts and green trends.
EVgo stands firm despite potential policy changes, with strategic positioning in Republican-led states and confidence in DOE loan. Bullish trajectory ahead, says analyst.
Short squeezes have been making and breaking investors for a century. One of the greatest short squeezes in history started on a SubReddit, where hundreds of thousands of retail investors drove the price of GameStop (NYSE: GME) shares up to an all-time high.
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.
Wall Street prepares for sector-specific shakeups during Election Week 2024. A Democratic win could boost clean energy stocks, while a Trump victory could benefit the steel sector.
Tesla dominates EV market in Texas, with 48.7% of drivers choosing its Model 3, Model Y, and Model S. Motivations vary between eco-friendliness and cost savings.
