EVgo (NYSE:EVGO) Upgraded to Strong-Buy at Capital One Financial

Capital One Financial upgraded shares of EVgo (NYSE:EVGO) to a strong-buy rating in a research report sent to investors on Monday morning, Zacks.com reports. Capital One Financial also issued estimates for EVgo’s FY2025 earnings at ($0.39) EPS.

Several other equities analysts have also recently commented on the company. UBS Group began coverage on EVgo in a report on Monday, July 22nd. They issued a neutral rating and a $4.00 price target for the company. Stifel Nicolaus reduced their target price on EVgo from $7.00 to $6.00 and set a buy rating for the company in a research report on Tuesday, August 6th. Cantor Fitzgerald reiterated an overweight rating and set a $5.00 price target on shares of EVgo in a research note on Monday, September 9th. Benchmark increased their price objective on shares of EVgo from $3.00 to $5.00 and gave the company a buy rating in a research note on Friday, July 12th. Finally, Needham & Company LLC reiterated a hold rating on shares of EVgo in a research report on Thursday, August 29th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $4.63.

EVgo Price Performance

Shares of NYSE:EVGO opened at $4.70 on Monday. EVgo has a fifty-two week low of $1.65 and a fifty-two week high of $4.74. The business has a 50-day moving average of $3.91 and a two-hundred day moving average of $2.81. The stock has a market capitalization of $1.42 billion, a P/E ratio of -12.37 and a beta of 2.59.

EVgo (NYSE:EVGO) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.01. The company had revenue of $66.62 million during the quarter, compared to the consensus estimate of $59.40 million. During the same period last year, the company earned ($0.08) earnings per share. EVgo’s revenue for the quarter was up 31.8% on a year-over-year basis. As a group, research analysts expect that EVgo will post -0.4 EPS for the current fiscal year.

Insider Transactions at EVgo

In other EVgo news, President Dennis G. Kish sold 16,414 shares of EVgo stock in a transaction on Monday, August 12th. The stock was sold at an average price of $3.60, for a total value of $59,090.40. Following the completion of the transaction, the president now owns 47,614 shares in the company, valued at approximately $171,410.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, President Dennis G. Kish sold 16,414 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $3.60, for a total value of $59,090.40. Following the transaction, the president now owns 47,614 shares in the company, valued at $171,410.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Francine Sullivan sold 12,584 shares of EVgo stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $3.60, for a total transaction of $45,302.40. Following the sale, the insider now owns 117,327 shares of the company’s stock, valued at approximately $422,377.20. The disclosure for this sale can be found here. Insiders have sold 31,475 shares of company stock valued at $110,189 in the last three months. 66.96% of the stock is owned by corporate insiders.

Institutional Trading of EVgo

Large investors have recently made changes to their positions in the company. Voisard Asset Management Group Inc. acquired a new stake in EVgo during the 4th quarter worth approximately $29,000. Legacy Capital Wealth Partners LLC bought a new stake in EVgo in the 2nd quarter valued at $27,000. Simplicity Wealth LLC acquired a new position in EVgo in the 1st quarter worth $36,000. Bleakley Financial Group LLC bought a new position in EVgo during the 1st quarter worth about $36,000. Finally, SG Americas Securities LLC acquired a new stake in shares of EVgo in the 1st quarter valued at about $41,000. Institutional investors 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.