EVgo (NASDAQ:EVGO) Posts Earnings Results, Beats Estimates By $0.04 EPS

EVgo (NASDAQ:EVGO) issued its earnings results on Tuesday. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.04, Zacks reports. EVgo updated its FY 2025 guidance to EPS.

EVgo Stock Down 0.8 %

EVGO stock opened at $2.42 on Tuesday. The business has a 50 day moving average of $3.47 and a 200-day moving average of $4.93. The firm has a market cap of $733.63 million, a PE ratio of -5.76 and a beta of 2.32. EVgo has a 12-month low of $1.65 and a 12-month high of $9.07.

Insiders Place Their Bets

In other news, Director David Nanus sold 23,000,000 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $5.00, for a total transaction of $115,000,000.00. Following the sale, the director now directly owns 5,882,352 shares in the company, valued at $29,411,760. This represents a 79.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, President Dennis G. Kish sold 17,379 shares of the firm’s stock in a transaction dated 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 directly owns 13,655 shares in the company, valued at approximately $58,989.60. The trade was a 56.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,061,563 shares of company stock valued at $115,225,745. Insiders own 66.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on EVGO shares. UBS Group decreased their price objective on EVgo from $8.00 to $5.00 and set a “buy” rating for the company in a report on Monday, January 27th. Needham & Company LLC reaffirmed a “hold” rating on shares of EVgo in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. decreased their target price on shares of EVgo from $7.00 to $6.00 and set an “overweight” rating for the company in a research report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $6.11.

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.