EVgo Recognizes Massive Rideshare Growth as Commercial Throughput More Than Tripled Year over Year in Q1
EVgo Inc. (EVGO)
Company Research
Source: Business Wire
Throughput from rideshare accounted for nearly a quarter of all usage on EVgo’s nationwide network in the first quarter LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the nation’s largest public fast charging networks for electric vehicles (EVs), experienced tremendous growth in rideshare across its nationwide network, with commercial throughput more than tripling from the first quarter of 2023 to the first quarter of 2024.When evaluating usage on EVgo’s network, EVgo determined that the average rideshare driver charged approximately 5 times more than the average retail customer during 2023. Rideshare throughput reached 24% of total throughput in the first quarter this year, up from 11% in the first quarter of 2021. As more rideshare drivers transition to driving electric, the amount of electricity dispensed to this group of customers is expected to increase.“Uber, Lyft and other rideshare companies are taking the lead in driving EV adoptio
Show less
Read more
Impact Snapshot
Event Time:
EVGO
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
EVGO alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
EVGO alerts
High impacting EVgo Inc. news events
Weekly update
A roundup of the hottest topics
EVGO
News
- EVgo Names Keith Hutchison as Company's First Chief People Officer [Yahoo! Finance]Yahoo! Finance
- EVgo Names Keith Hutchison as Company’s First Chief People OfficerBusiness Wire
- Companies Like EVgo (NASDAQ:EVGO) Are In A Position To Invest In Growth [Yahoo! Finance]Yahoo! Finance
- EVgo Recognizes Massive Rideshare Growth as Commercial Throughput More Than Tripled Year over Year in Q1 [Yahoo! Finance]Yahoo! Finance
- Third-party EV chargers are getting better, J.D. Power finds, which is a real problem for Tesla [Yahoo! Finance]Yahoo! Finance
EVGO
Earnings
- 5/7/24 - Beat
EVGO
Sec Filings
- 6/4/24 - Form 4
- 6/4/24 - Form 4
- 6/4/24 - Form 3
- EVGO's page on the SEC website