Cantor Fitzgerald Weighs in on EVgo, Inc.’s FY2022 Earnings (NYSE:EVGO)

EVgo, Inc. (NYSE:EVGOGet Rating) – Cantor Fitzgerald issued their FY2022 earnings estimates for EVgo in a research note issued to investors on Thursday, April 28th. Cantor Fitzgerald analyst A. Sheppard anticipates that the company will post earnings of ($1.76) per share for the year. Cantor Fitzgerald has a “Overweight” rating and a $14.00 price objective on the stock.

Several other brokerages have also recently commented on EVGO. Zacks Investment Research cut shares of EVgo from a “hold” rating to a “sell” rating in a report on Wednesday, April 27th. Tudor, Pickering, Holt & Co. assumed coverage on shares of EVgo in a report on Thursday, April 21st. They issued a “buy” rating and a $16.00 target price for the company. Capital One Financial cut shares of EVgo from an “overweight” rating to an “equal weight” rating in a report on Thursday, February 3rd. JPMorgan Chase & Co. decreased their price target on shares of EVgo from $20.00 to $14.00 in a report on Friday, January 28th. Finally, Citigroup raised their price target on shares of EVgo from $9.00 to $11.00 in a report on Sunday, April 24th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $15.40.

NYSE:EVGO opened at $9.06 on Monday. EVgo has a twelve month low of $7.00 and a twelve month high of $19.59. The company has a 50-day moving average of $11.44 and a 200-day moving average of $10.84.

A number of hedge funds have recently made changes to their positions in EVGO. Commonwealth Equity Services LLC bought a new position in EVgo during the third quarter worth $222,000. Victory Capital Management Inc. bought a new position in EVgo during the third quarter worth $84,000. New York State Common Retirement Fund bought a new position in EVgo during the third quarter worth $61,000. Raymond James & Associates bought a new position in EVgo during the third quarter worth $245,000. Finally, Van ECK Associates Corp increased its position in EVgo by 75.6% during the third quarter. Van ECK Associates Corp now owns 18,750 shares of the company’s stock worth $153,000 after acquiring an additional 8,070 shares during the period. 9.08% of the stock is currently owned by institutional investors and hedge funds.

About EVgo (Get Rating)

EVgo, Inc owns and operates a direct current fast charging network in the United States. The company offers electricity directly to drivers, who access its publicly available networked chargers; original equipment manufacturer charging and related services; fleet and rideshare public charging services; and charging as a service and fleet dedicated charging services.

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