Cantor Fitzgerald Comments on EVgo FY2025 Earnings

EVgo, Inc. (NYSE:EVGO) – Analysts at Cantor Fitzgerald issued their FY2025 earnings per share (EPS) estimates for shares of EVgo in a report issued on Tuesday, January 21st. Cantor Fitzgerald analyst A. Sheppard anticipates that the company will earn ($0.53) per share for the year. Cantor Fitzgerald currently has a “Overweight” rating and a $5.00 target price on the stock. The consensus estimate for EVgo’s current full-year earnings is ($0.45) per share.

EVgo (NYSE:EVGO) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.01). The company had revenue of $67.50 million during the quarter, compared to analyst estimates of $66.52 million. The firm’s revenue was up 92.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.09) EPS.

A number of other equities research analysts have also weighed in on EVGO. Marathon Capitl raised shares of EVgo from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. TD Cowen raised shares of EVgo from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $5.00 to $7.00 in a research note on Thursday, October 3rd. Stifel Nicolaus raised their target price on EVgo from $6.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. reduced their price target on EVgo from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Friday, December 20th. Finally, Royal Bank of Canada increased their price target on EVgo from $4.00 to $8.00 and gave the company an “outperform” rating in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $6.61.

EVgo Stock Performance

NYSE EVGO opened at $3.10 on Wednesday. EVgo has a fifty-two week low of $1.65 and a fifty-two week high of $9.07. The stock has a market cap of $939.77 million, a PE ratio of -7.38 and a beta of 2.35. The firm’s fifty day moving average price is $5.04 and its two-hundred day moving average price is $5.03.

Insider Buying and Selling at EVgo

In related news, Director David Nanus sold 23,000,000 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $5.00, for a total transaction of $115,000,000.00. Following the completion of the transaction, the director now owns 5,882,352 shares in the company, valued at approximately $29,411,760. This represents a 79.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Badar Khan sold 166,725 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $5.14, for a total transaction of $856,966.50. Following the sale, the chief executive officer now owns 348,761 shares of the company’s stock, valued at $1,792,631.54. This trade represents a 32.34 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,184,104 shares of company stock worth $115,932,044. Corporate insiders own 66.96% of the company’s stock.

Hedge Funds Weigh In On EVgo

Institutional investors and hedge funds have recently bought and sold shares of the company. Clear Harbor Asset Management LLC purchased a new position in shares of EVgo in the fourth quarter worth about $72,000. Tidal Investments LLC boosted its holdings in EVgo by 714.2% in the 3rd quarter. Tidal Investments LLC now owns 94,541 shares of the company’s stock worth $391,000 after buying an additional 82,929 shares during the period. Barclays PLC boosted its holdings in EVgo by 280.6% in the 3rd quarter. Barclays PLC now owns 132,981 shares of the company’s stock worth $551,000 after buying an additional 98,041 shares during the period. Geode Capital Management LLC grew its stake in EVgo by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,419,863 shares of the company’s stock valued at $10,020,000 after buying an additional 90,887 shares in the last quarter. Finally, State Street Corp raised its holdings in EVgo by 25.3% during the 3rd quarter. State Street Corp now owns 4,192,828 shares of the company’s stock valued at $17,358,000 after acquiring an additional 847,777 shares during the period. 17.44% of the stock is owned by institutional investors.

EVgo Company Profile

EVgo, Inc owns and operates a direct current fast charging network for electric vehicles (EVs) 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.