Brokers Offer Predictions for EVgo FY2026 Earnings

EVgo, Inc. (NASDAQ:EVGO) – Cantor Fitzgerald issued their FY2026 earnings per share estimates for EVgo in a research note issued on Monday, June 9th. Cantor Fitzgerald analyst A. Sheppard expects that the company will post earnings of ($0.33) per share for the year. Cantor Fitzgerald currently has a “Overweight” rating and a $8.00 target price on the stock. The consensus estimate for EVgo’s current full-year earnings is ($0.45) per share.

EVGO has been the subject of a number of other reports. Needham & Company LLC reissued a “hold” rating on shares of EVgo in a report on Wednesday, March 5th. Stifel Nicolaus lowered their price target on EVgo from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of EVgo in a research note on Thursday, May 8th. Morgan Stanley set a $4.00 target price on shares of EVgo and gave the company an “equal weight” rating in a research note on Tuesday, June 3rd. Finally, Evercore ISI lowered their target price on shares of EVgo from $7.00 to $4.00 and set an “outperform” rating on the stock in a report on Monday, March 31st. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, EVgo currently has a consensus rating of “Buy” and an average target price of $6.00.

EVgo Stock Down 0.7%

Shares of EVGO opened at $4.16 on Tuesday. The company has a 50-day moving average price of $3.26 and a two-hundred day moving average price of $3.62. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of -9.90 and a beta of 2.41. EVgo has a 12 month low of $1.95 and a 12 month high of $9.07.

EVgo (NASDAQ:EVGO) last announced its quarterly earnings data on Tuesday, May 6th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.02. The business had revenue of $75.29 million during the quarter, compared to analysts’ expectations of $70.11 million. The firm’s revenue was up 36.4% on a year-over-year basis. During the same period in the prior year, the company posted ($0.09) earnings per share.

Institutional Investors Weigh In On EVgo

Several hedge funds and other institutional investors have recently made changes to their positions in EVGO. Vanguard Group Inc. boosted its holdings in EVgo by 20.1% in the fourth quarter. Vanguard Group Inc. now owns 12,200,949 shares of the company’s stock valued at $49,414,000 after acquiring an additional 2,043,449 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in EVgo by 93.4% during the 4th quarter. JPMorgan Chase & Co. now owns 1,213,688 shares of the company’s stock worth $4,915,000 after purchasing an additional 586,108 shares during the last quarter. Quantbot Technologies LP acquired a new position in EVgo during the 4th quarter valued at about $523,000. J. Goldman & Co LP boosted its stake in shares of EVgo by 59.9% in the 4th quarter. J. Goldman & Co LP now owns 2,221,877 shares of the company’s stock valued at $8,999,000 after purchasing an additional 832,397 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its position in shares of EVgo by 175.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 4,949,622 shares of the company’s stock worth $20,046,000 after buying an additional 3,153,073 shares during the period. 17.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at EVgo

In related news, President Dennis G. Kish sold 73,215 shares of the business’s stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $3.69, for a total value of $270,163.35. Following the completion of the transaction, the president now owns 72,269 shares in the company, valued at $266,672.61. The trade was a 50.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 58.79% of the company’s stock.

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.