EVgo (NASDAQ:EVGO) Stock Bumped Down to “Neutral” by Roth Capital

EVgo (NASDAQ:EVGO) was downgraded by investment analysts at Roth Capital from a “buy” rating to a “neutral” rating in a research note issued to investors on Tuesday, FinViz reports. They currently have a $2.00 price objective on the stock. Roth Capital‘s target price would suggest a potential upside of 8.70% from the stock’s current price.

A number of other equities analysts have also weighed in on the stock. Weiss Ratings upgraded shares of EVgo from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, October 6th. Morgan Stanley set a $2.50 target price on shares of EVgo in a report on Thursday, August 6th. UBS Group downgraded EVgo from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 3rd. Needham & Company LLC reissued a “hold” rating on shares of EVgo in a research note on Wednesday, August 5th. Finally, Cantor Fitzgerald lowered shares of EVgo from an “overweight” rating to a “hold” rating and lowered their target price for the stock from $3.00 to $2.00 in a report on Tuesday, November 3rd. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $2.71.

EVgo Stock Up 0.5%

Shares of EVgo stock opened at $1.84 on Tuesday. EVgo has a 1 year low of $0.98 and a 1 year high of $3.68. The firm has a market cap of $578.72 million, a price-to-earnings ratio of -4.60 and a beta of 2.87. The company has a 50-day moving average of $1.35 and a 200 day moving average of $1.90. The company has a debt-to-equity ratio of 5.39, a current ratio of 2.19 and a quick ratio of 2.19.

EVgo (NASDAQ:EVGO) last released its quarterly earnings data on Friday, November 6th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.04. The firm had revenue of $91.42 million for the quarter. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.09) EPS. As a group, sell-side analysts anticipate that EVgo will post -0.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EVGO. Kintra Wealth LLC bought a new position in shares of EVgo in the 2nd quarter worth $25,000. Y Intercept Hong Kong Ltd bought a new stake in EVgo during the first quarter valued at about $60,000. R Squared Ltd purchased a new position in EVgo in the third quarter valued at about $48,000. Royal Bank of Canada grew its stake in EVgo by 94.4% in the first quarter. Royal Bank of Canada now owns 41,038 shares of the company’s stock valued at $70,000 after purchasing an additional 19,929 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in EVgo by 46.3% in the first quarter. Cetera Investment Advisers now owns 42,683 shares of the company’s stock valued at $73,000 after purchasing an additional 13,499 shares during the last quarter. 17.44% of the stock is currently owned by institutional investors.

Key Headlines Impacting EVgo

Here are the key news stories impacting EVgo this week:

• Positive Sentiment: Charging-network revenue rose 29% year over year to $72 million, marking the 19th consecutive quarter of double-digit growth. Network throughput increased 8% to 103 GWh. EVgo Q3 2026 results
• Positive Sentiment: EVgo opened its first Chicago site using Tesla Supercharger hardware, a potential step toward expanding its charging network and equipment options. EVgo opens first Tesla Supercharger hardware site in Chicago
• Neutral Sentiment: EVgo’s third-quarter loss of $0.14 per share was narrower than the $0.18 loss analysts expected, though it widened from a $0.09 loss a year earlier. EVgo Q3 earnings report
• Negative Sentiment: EVgo’s FY 2026 revenue guidance of $375 million–$400 million is below the $407.4 million consensus estimate. The outlook suggests revenue may fall short of expectations and is the clearest near-term downside catalyst. EVgo Q3 2026 results
• Negative Sentiment: Third-quarter revenue was $91.42 million, down 1% year over year and below analyst estimates, tempering the positive charging-network growth. EVgo reports Q3 sales below estimates

About EVgo

EVgo, Inc (NASDAQ: EVGO) operates a public electric vehicle charging network in the United States. The company develops, owns and operates fast-charging stations designed primarily for passenger vehicles, providing drivers with access to charging at shopping centers, grocery stores, retail locations, workplaces and other convenient destinations.

EVgo’s services include on-demand charging through its network and mobile app, as well as features such as payment processing, station availability information and vehicle-to-charger connectivity.