Why EVgo Stock Is Surging Today [Yahoo! Finance]
EVgo Inc. (EVGO)
Company Research
Source: Yahoo! Finance
As of 1:45 p.m. ET, EVgo's shares were up about 8.5% from Tuesday's closing price. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » EVgo reported its third-quarter results before U.S. markets opened on Tuesday. The report was a good one: While its loss of $0.11 per share was slightly wider than Wall Street had expected, its revenue of $67.5 million exceeded expectations -- and its total network throughput, a measure of utilization, was up 111% from the same period in 2023. That's a bullish number, as is this one: EVgo added more than 147,000 new customer accounts in the third quarter, ending the period with more than 1.2 million -- up 57% year over year. The takeaway: More and more EV drivers are finding their way to EVgo's charging stalls, even after giant Tesla 's decision to open its proprietary charging network to other brands. EVgo also raised its guidance for full-year revenue slightly, to a range of between $
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EVGO
News
- As Meijer works to increase EV-charging reach, retailers are starting to see benefits [Yahoo! Finance]Yahoo! Finance
- EVgo Expands Charging Network in Midwest with $1.05 Billion DOE Loan Guarantee [Yahoo! Finance]Yahoo! Finance
- Hilton Bets Big on India: 150 New Hotels Planned Amid Shift From China [Yahoo! Finance]Yahoo! Finance
- Hilton Bets Big on India: 150 New Hotels Planned Amid Shift From China [Yahoo! Finance]Yahoo! Finance
- EVgo and Meijer Expand Partnership to Install up to 480 New Fast Charging Stalls at Meijer Locations Across Midwest [Yahoo! Finance]Yahoo! Finance
EVGO
Earnings
- 11/12/24 - Miss
EVGO
Sec Filings
- 11/15/24 - Form 4
- 11/14/24 - Form 144
- 11/12/24 - Form 10-Q
- EVGO's page on the SEC website