Roth Capital Estimates EVgo’s FY2025 Earnings (NASDAQ:EVGO)

EVgo, Inc. (NASDAQ:EVGO) – Analysts at Roth Capital dropped their FY2025 EPS estimates for shares of EVgo in a research report issued on Wednesday, March 5th. Roth Capital analyst C. Irwin now forecasts that the company will earn ($0.28) per share for the year, down from their prior estimate of ($0.27). The consensus estimate for EVgo’s current full-year earnings is ($0.45) per share. Roth Capital also issued estimates for EVgo’s Q4 2025 earnings at ($0.05) EPS, FY2026 earnings at ($0.19) EPS and FY2027 earnings at $0.05 EPS.

EVGO has been the topic of a number of other research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $8.00 target price on shares of EVgo in a report on Wednesday. Needham & Company LLC reissued a “hold” rating on shares of EVgo in a report on Wednesday. UBS Group decreased their price target on shares of EVgo from $8.00 to $5.00 and set a “buy” rating on the stock in a report on Monday, January 27th. JPMorgan Chase & Co. decreased their price target on shares of EVgo from $7.00 to $6.00 and set an “overweight” rating on the stock in a report on Wednesday, February 19th. Finally, Stifel Nicolaus decreased their price target on shares of EVgo from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $6.22.

EVgo Trading Up 2.8 %

EVgo stock opened at $2.58 on Friday. The firm’s 50 day simple moving average is $3.36 and its 200 day simple moving average is $4.88. The firm has a market capitalization of $782.13 million, a PE ratio of -6.14 and a beta of 2.37. EVgo has a 1-year low of $1.65 and a 1-year high of $9.07.

EVgo (NASDAQ:EVGO) last posted its earnings results on Tuesday, March 4th. The company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.04. The firm had revenue of $67.51 million for the quarter, compared to the consensus estimate of $69.49 million.

Institutional Investors Weigh In On EVgo

Several institutional investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in EVgo during the 4th quarter valued at $1,001,000. Voloridge Investment Management LLC purchased a new stake in EVgo during the 4th quarter valued at $5,682,000. Two Sigma Advisers LP boosted its position in EVgo by 2,533.6% during the 4th quarter. Two Sigma Advisers LP now owns 2,494,000 shares of the company’s stock valued at $10,101,000 after buying an additional 2,399,300 shares during the period. Two Sigma Investments LP boosted its position in EVgo by 296.4% during the 4th quarter. Two Sigma Investments LP now owns 2,720,342 shares of the company’s stock valued at $11,017,000 after buying an additional 2,034,045 shares during the period. Finally, Teza Capital Management LLC purchased a new stake in EVgo during the 4th quarter valued at $144,000. Hedge funds and other institutional investors own 17.44% of the company’s stock.

Insider Activity

In other news, President Dennis G. Kish sold 17,379 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $4.32, for a total value of $75,077.28. Following the completion of the sale, the president now owns 13,655 shares of the company’s stock, valued at approximately $58,989.60. This represents a 56.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Nanus sold 23,000,000 shares of the company’s stock in a transaction on 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 sale, the director now directly owns 5,882,352 shares of the company’s stock, valued at $29,411,760. This trade represents a 79.63 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,061,563 shares of company stock valued at $115,225,745. Corporate insiders own 66.96% of the company’s stock.

About EVgo

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.