Roth Capital Weighs in on EVgo’s FY2027 Earnings (NYSE:EVGO)

EVgo, Inc. (NYSE:EVGO) – Investment analysts at Roth Capital upped their FY2027 earnings per share (EPS) estimates for shares of EVgo in a report issued on Tuesday, November 12th. Roth Capital analyst C. Irwin now expects that the company will post earnings of $0.11 per share for the year, up from their prior estimate of $0.10. The consensus estimate for EVgo’s current full-year earnings is ($0.40) per share.

EVgo (NYSE:EVGO) last released its earnings results 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 business had revenue of $67.50 million for the quarter, compared to analysts’ expectations of $66.52 million. During the same period last year, the firm posted ($0.09) EPS. EVgo’s revenue was up 92.3% compared to the same quarter last year.

EVGO has been the subject of several other reports. Royal Bank of Canada upped their target price on EVgo from $4.00 to $8.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. Stifel Nicolaus upped their price objective on EVgo from $6.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Capital One Financial upgraded EVgo to a “strong-buy” rating in a research note on Monday, September 16th. Marathon Capitl upgraded shares of EVgo from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. raised shares of EVgo from a “neutral” rating to an “overweight” rating and set a $7.00 target price for the company in a research note on Thursday, October 3rd. Two 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $6.61.

EVgo Stock Up 0.2 %

Shares of NYSE:EVGO opened at $5.06 on Thursday. The firm has a 50-day simple moving average of $6.12 and a 200 day simple moving average of $4.04. EVgo has a fifty-two week low of $1.65 and a fifty-two week high of $9.07. The company has a market cap of $1.53 billion, a PE ratio of -12.05 and a beta of 2.38.

Institutional Trading of EVgo

Hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp grew its holdings in EVgo by 25.3% during the third quarter. State Street Corp now owns 4,192,828 shares of the company’s stock worth $17,358,000 after acquiring an additional 847,777 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of EVgo in the 2nd quarter worth approximately $1,749,000. Marshall Wace LLP raised its holdings in shares of EVgo by 66.4% in the 2nd quarter. Marshall Wace LLP now owns 1,633,304 shares of the company’s stock worth $4,002,000 after purchasing an additional 651,475 shares in the last quarter. SIR Capital Management L.P. boosted its holdings in EVgo by 76.9% during the second quarter. SIR Capital Management L.P. now owns 958,600 shares of the company’s stock worth $2,349,000 after buying an additional 416,800 shares in the last quarter. Finally, HITE Hedge Asset Management LLC grew its position in EVgo by 105.0% in the third quarter. HITE Hedge Asset Management LLC now owns 413,906 shares of the company’s stock worth $1,714,000 after buying an additional 212,004 shares during the last quarter. Institutional investors own 17.44% of the company’s stock.

Insider Buying and Selling at EVgo

In other EVgo news, CEO Badar Khan sold 166,725 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $5.14, for a total transaction of $856,966.50. Following the completion of the transaction, the chief executive officer now directly owns 348,761 shares of the company’s stock, valued at approximately $1,792,631.54. This trade represents a 32.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 66.96% of the stock is owned by corporate insiders.

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.