EVgo (NASDAQ:EVGO) Sets New 1-Year Low on Analyst Downgrade

EVgo Inc. (NASDAQ:EVGO)’s share price reached a new 52-week low during mid-day trading on Thursday after Royal Bank Of Canada lowered their price target on the stock from $7.00 to $4.50. Royal Bank Of Canada currently has an outperform rating on the stock. EVgo traded as low as $2.30 and last traded at $2.32, with a volume of 3177172 shares changing hands. The stock had previously closed at $2.52.

EVGO has been the subject of a number of other research reports. Stifel Nicolaus lowered their price target on EVgo from $7.50 to $7.00 and set a “buy” rating for the company in a report on Wednesday. Weiss Ratings restated a “sell (d-)” rating on shares of EVgo in a report on Thursday, January 22nd. Cantor Fitzgerald lowered their target price on EVgo from $7.00 to $6.00 and set an “overweight” rating for the company in a report on Wednesday. Benchmark reissued a “buy” rating on shares of EVgo in a research report on Monday. Finally, UBS Group raised their price target on EVgo from $5.40 to $5.90 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Eight analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, EVgo currently has an average rating of “Moderate Buy” and a consensus target price of $5.27.

Key EVgo News

Here are the key news stories impacting EVgo this week:

• Positive Sentiment: Q4 results beat estimates: EVgo reported a narrower-than-expected loss and revenue jumped ~75% year-over-year, helped by an ancillary contract payment and charging-network growth — a key fundamental driver supporting the stock. EVgo Q4 Loss Narrower Than Expected, Revenues Increase Y/Y
• Positive Sentiment: Company says it has “surged to profitability” by siting chargers where usage is strong — management messaging and operational progress can support longer-term margin improvement and investor confidence. EVgo surges to profitability by putting chargers ‘where people are,’ CEO says
• Positive Sentiment: Network expansion acceleration: EVgo is targeting 1,400–1,650 new stalls in 2026 and accelerating NACS rollout — growth cadence that could materially increase revenue per stall over time. Evgo targets 1,400–1,650 new stalls in 2026
• Neutral Sentiment: Broker consensus remains generally constructive (consensus “Moderate Buy”), which offsets some negative reactions but leaves valuation and timing questions open. EVgo Given Consensus Rating of “Moderate Buy”
• Neutral Sentiment: Short-interest note in the data feed shows a large reported change but the entry contains zero shares/NaN and is likely a reporting/data error — not a confirmed driver of today’s move.
• Negative Sentiment: Analyst price-target trims: Several firms lowered targets (RBC to $4.50, Cantor Fitzgerald to $6.00, Stifel to $7.00) even while keeping positive ratings — the downgrades of upside targets likely contributed to selling pressure despite constructive ratings. Benzinga Stifel PT Lowered to $7
• Negative Sentiment: Market reaction / profit-taking: several outlets note the stock dipped despite the strong quarter, suggesting short-term traders are locking in gains and pushing the price below key moving averages. EVgo Stock Dips Despite Historic Profit

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in EVGO. Quarry LP boosted its position in EVgo by 145.0% during the fourth quarter. Quarry LP now owns 9,307 shares of the company’s stock valued at $27,000 after purchasing an additional 5,508 shares in the last quarter. Kestra Advisory Services LLC bought a new position in EVgo in the fourth quarter worth about $27,000. Caitong International Asset Management Co. Ltd lifted its position in shares of EVgo by 4,903.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 9,856 shares of the company’s stock valued at $29,000 after buying an additional 9,659 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of EVgo during the third quarter valued at about $49,000. Finally, Balyasny Asset Management L.P. bought a new stake in shares of EVgo in the 4th quarter valued at about $32,000. 17.44% of the stock is owned by institutional investors.

EVgo Trading Down 9.1%

The business’s 50-day moving average price is $2.97 and its 200-day moving average price is $3.54. The stock has a market cap of $705.27 million, a PE ratio of -7.16 and a beta of 2.63.

EVgo (NASDAQ:EVGO) last posted its earnings results on Tuesday, March 3rd. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.10. The firm had revenue of $118.47 million for the quarter. The firm’s revenue was up 75.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.11) earnings per share. As a group, analysts predict that EVgo Inc. will post -0.45 earnings per share for the current year.

About EVgo

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.