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

EVgo Inc. (NASDAQ:EVGO) – Research analysts at Roth Capital increased their FY2025 earnings per share estimates for shares of EVgo in a research report issued to clients and investors on Tuesday, November 11th. Roth Capital analyst C. Irwin now expects that the company will post earnings of ($0.41) per share for the year, up from their previous forecast of ($0.42). The consensus estimate for EVgo’s current full-year earnings is ($0.45) per share. Roth Capital also issued estimates for EVgo’s Q1 2026 earnings at ($0.09) EPS, Q2 2026 earnings at ($0.08) EPS, Q3 2026 earnings at ($0.06) EPS and Q4 2026 earnings at ($0.05) EPS.

EVgo (NASDAQ:EVGO) last issued its earnings results on Monday, November 10th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.09. The firm had revenue of $92.30 million during the quarter, compared to analyst estimates of $94.42 million. The firm’s revenue for the quarter was up 36.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.11) EPS. EVgo has set its FY 2025 guidance at EPS.

A number of other research analysts have also recently issued reports on EVGO. UBS Group lifted their target price on shares of EVgo from $5.40 to $5.90 and gave the company a “buy” rating in a research note on Tuesday. Morgan Stanley lifted their price objective on EVgo from $4.00 to $4.50 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. Needham & Company LLC restated a “hold” rating on shares of EVgo in a report on Tuesday, October 14th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of EVgo in a report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $5.90.

EVgo Stock Down 2.9%

NASDAQ:EVGO opened at $2.99 on Friday. The firm has a market cap of $919.40 million, a PE ratio of -7.67 and a beta of 2.35. EVgo has a 12 month low of $2.19 and a 12 month high of $7.15. The company’s 50-day moving average price is $4.23 and its two-hundred day moving average price is $3.90.

Institutional Trading of EVgo

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in EVgo by 1.3% in the third quarter. Vanguard Group Inc. now owns 12,399,808 shares of the company’s stock valued at $58,651,000 after acquiring an additional 157,376 shares during the period. Millennium Management LLC raised its position in shares of EVgo by 25.9% during the first quarter. Millennium Management LLC now owns 5,819,392 shares of the company’s stock worth $15,480,000 after purchasing an additional 1,195,470 shares during the period. Soros Fund Management LLC lifted its holdings in shares of EVgo by 342.2% during the 2nd quarter. Soros Fund Management LLC now owns 4,976,983 shares of the company’s stock valued at $18,166,000 after purchasing an additional 3,851,583 shares in the last quarter. HITE Hedge Asset Management LLC grew its position in shares of EVgo by 220.0% in the 1st quarter. HITE Hedge Asset Management LLC now owns 3,348,303 shares of the company’s stock valued at $8,906,000 after purchasing an additional 2,301,886 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of EVgo by 11.1% in the 2nd quarter. Geode Capital Management LLC now owns 3,147,529 shares of the company’s stock valued at $11,490,000 after purchasing an additional 313,335 shares during the period. Institutional investors and hedge funds own 17.44% 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.