EVgo Inc. (NASDAQ:EVGO) Receives Average Recommendation of “Moderate Buy” from Analysts

EVgo Inc. (NASDAQ:EVGO) has been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $5.8167.

Several brokerages have recently issued reports on EVGO. Stifel Nicolaus cut their price target on EVgo from $8.00 to $7.50 and set a “buy” rating on the stock in a research note on Tuesday, November 25th. UBS Group lifted their price objective on EVgo from $5.40 to $5.90 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Weiss Ratings restated a “sell (d-)” rating on shares of EVgo in a research report on Thursday, January 22nd. Cantor Fitzgerald reissued an “overweight” rating on shares of EVgo in a research note on Monday, November 17th. Finally, Benchmark restated a “buy” rating on shares of EVgo in a report on Monday.

Institutional Investors Weigh In On EVgo

Institutional investors have recently made changes to their positions in the stock. Quarry LP lifted its stake in EVgo by 145.0% in the fourth quarter. Quarry LP now owns 9,307 shares of the company’s stock valued at $27,000 after buying an additional 5,508 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of EVgo in the 4th quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd boosted its stake in EVgo by 4,903.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 9,856 shares of the company’s stock worth $29,000 after acquiring an additional 9,659 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in EVgo during the fourth quarter valued at approximately $32,000. Finally, Fullerton Advisors LLC acquired a new position in EVgo during the fourth quarter valued at approximately $36,000. 17.44% of the stock is owned by institutional investors and hedge funds.

EVgo Stock Down 5.3%

EVgo stock opened at $2.68 on Wednesday. The stock has a 50-day simple moving average of $3.00 and a 200 day simple moving average of $3.55. The stock has a market capitalization of $825.39 million, a price-to-earnings ratio of -6.87 and a beta of 2.63. EVgo has a 12-month low of $2.19 and a 12-month high of $5.18.

EVgo (NASDAQ:EVGO) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.10. The company had revenue of $118.47 million during the quarter. During the same period in the previous year, the firm earned ($0.11) EPS. The company’s quarterly revenue was up 75.5% on a year-over-year basis. As a group, sell-side analysts anticipate that EVgo will post -0.45 EPS for the current year.

Trending Headlines about EVgo

Here are the key news stories impacting EVgo this week:

• Positive Sentiment: Q4 results beat expectations: EVgo reported EPS of ($0.04) vs. consensus ($0.14) and Q4 revenue of $118.5M, up 75% year‑over‑year, driven by record charging‑network revenue. This shows strong top‑line momentum. GlobeNewswire: EVgo Reports Record Q4 and FY2025 Results
• Neutral Sentiment: Analyst/earnings coverage and call materials are available (transcript and slide deck) for investors who want details on unit economics and network performance. Yahoo: Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Reported short‑interest data in the feeds shows zero or NaN values (likely a data error); treat short‑interest signals with caution until corrected. (No reliable link provided in the feed.)
• Negative Sentiment: Guidance disappointment: EVgo set 2026 revenue guidance of $410M–$470M, below the consensus (~$480.8M). Lower-than-expected guidance is the main catalyst for the stock decline despite the quarterly beat. GlobeNewswire: Guidance
• Negative Sentiment: Profitability and near‑term estimates remain uncertain: although Q4 beat, Wall Street still models negative EPS for the year (sell‑side consensus around -$0.45), keeping valuation under pressure. Zacks: How Key Metrics Compare to Estimates

EVgo Company Profile

EVgo operates one of the largest public electric vehicle (EV) fast-charging networks in the United States, delivering direct current (DC) fast charging and Level 2 charging services to passenger vehicles and commercial fleets. The company’s charging stations are strategically located in urban centers, suburban shopping areas, workplace parking facilities, and along major highway corridors, enabling convenient access for EV drivers and promoting long-distance travel.

The company offers a suite of charging solutions, including subscription plans, pay-per-use options, and fleet charging services tailored to the needs of ride-hailing, delivery, and corporate vehicle fleets.