EVgo, Inc. (NASDAQ): EVGO operates a nationwide fast-charging infrastructure for electric vehicles throughout the United States. Since starting operations in 2010 EVgo provides power to both private EV drivers and commercial fleets while managing a national EV charging network plus a set of digital services and customer rewards.
EVgo takes a crucial part in shaping the EV system as electric vehicle adoption grows worldwide and power our green energy future.
Company Financials
Operational revenue at EVgo increased from $14.58 million during 2020 to $239.31 million through September of 2024. The business still operates at a loss since it recorded financial losses throughout multiple annual periods.
From 2023 to the last twelve months the company generated -$42.43 million in net income though its performance improved to -$44.52 million during that period. Despite ongoing losses EVgo’s growing revenue and its investments demonstrate the sector’s potential for success in EV charging infrastructure.
The financial data shows EVgo is careful with its borrowings because its assets total $325.9 million but it holds $142.01 million in cash. Having cash reserves enhances EVgo’s capacity to develop its network and create unique charging solutions which help the company maintain its growth advantage against other EV market participants.
Short-term Analysis (2025 to 2030)
2025 Price Prediction and Analysis
When 2025 rolls around, EVgo plans to grow thanks to its bigger number of charging stations and more EVs in use. The company expects to earn $365.22 million in revenue which is 38.45% higher than last year’s results.
Industry analysts rate EVgo at strong buy with a 12-month target price of $6.61 that allows investors to gain 117.64% after buying at 3.03. Our future earnings will grow through working with car manufacturing companies and shared mobility operators.
The company will break even slightly more in 2020, but is not expected to make money yet, as predicted EPS shows a loss of $0.30. EVgo is controlling their operating expenses more efficiently and growing their daily operations.
2026 Price Prediction and Analysis
Researchers predict EVgo’s revenue will jump 30.80% to $477.72 million in 2026, compared to $367.13 million the year prior. During this time EVgo should obtain federal funding which helps install green energy infrastructure.
Financial experts predict the stock price will progress gradually to $8.50 per share. Despite its continued negative earnings of -$0.20 per share the company shows steady progress toward making a profit.
EVgo stands out as a top performer in EV infrastructure growth because it serves vehicle fleets and targets America’s expanding electric vehicle market.
EVgo’s 2027 Financial Outlook
EVgo expects to achieve moderate revenue expansion of 20% to 30% during 2027 due to market EV adoption maturation. As EVgo expands charging stations and meets greater demand their annual revenue will exceed $600 million.
Based on earnings growth and higher profitability, we predict the stock will reach about $10 in 2027.
In 2027, EVgo will probably disclose plans to extend its business internationally into markets where EV use is already high, like China and Europe. News about these developments will likely help investors feel more optimistic which can help the stock price go up.
2028 Price Prediction and Analysis
According to our forecast for 2028 EVgo will seize market leadership in North America and produce more than $750 million in revenue. If the company shows better sales growth and moves closer to making a profit, analysts will raise their predicted stock price to $12-$14.
Technology improvements in EV charging and renewable energy solutions will steer business growth.
Why EVgo will grow quickly: Regulations should help the company install more charging stations over the next decade.
2029 Price Prediction and Analysis
EVgo’s earnings for 2029 will hit $1 billion by capturing more customers and finding better ways to profit from charging services. When EVgo reaches breakeven point or makes a small profit, its stock price could jump up to $15 or more. Achieving the milestone requires better control over operating expenses and cash management.
2030 Price Prediction and Analysis
Based on its long-term infrastructure investments and partnership deals EVgo hopes to reap significant financial results by the end of the decade. With fleet programs working well and more people using its charging stations, EVgo might make more than $1.2 billion in sales.
Analysts estimate the stock price can bridge from $18 to $20 by maintaining current profit levels. Whether EVgo stays the number-one leader in electric vehicle charging and builds a worldwide presence will decide its future.
(2030 – 2050) Long-Term Analysis
EVgo needs to stay responsive to both consumer changes and technology improvements to grow after 2030. Automakers predict EV sales will sweep across transportation networks by 2050 and automated electric cars will need reliable charging facilities to operate. The charging network and advanced technology EVgo builds now will help it lead the market in the future.
While EVgo builds its success now, it needs to stay prepared for upcoming battles with larger companies that are also investing in growth and potential new companies entering the competitive market. Its strong brand status and extensive network make it more successful than other market players.
Starting from 2030 with 10-15% increased yearly sales, EVgo can likely build a very large business valued at more than $10 billion, making its stock price potentially rise above $50.
4 main factors that impact EVgo’s success in its market
- EV Adoption Rates: When more people drive EVs, they’ll clearly need more places to charge up. The future success of EVgo depends on having policies that support EV adoption and end internal combustion engines.
- Regulatory Support: Governments will help EVgo expand through funding for clean energy stations at both federal and state levels.
- Technological Advancements: New charging options like super-fast power and environmental power connections will help EVgo expand what it can offer to customers.
- Competition: EVgo must defend its market position as Tesla and ChargePoint launch more charging stations.
- Financial Management: Revenue and profit control are key steps for keeping our loyal investors happy.
Stock Performance: If EVgo figures out how to exploit these growth openings, its revenue could easily become more than $10 billion by 2050 while its overall profit could grow quickly.
A positive market environment and clear results should drive stock growth beyond $150 per share for committed owners of EVgo’s equity. The company needs to navigate both stronger market competitors and possible regulatory changes to achieve business success.
Stock Balance Sheet Analysis
Current Assets vs. Liabilities (As of September 2024)
The EVgo company has $223.91 million in current assets that includes $142.01 million in cash and equivalent holdings. The company needs strong debt handling as well as capital injection to fund future upgrades because total liabilities amount to $325.9 million.
- Liquidity Position: The ratio of 2.19 shows EVgo can pay back its short-term debt using current assets safely. To reach its expansion targets EVgo requires enough cash on hand.
- Cash Reserves: EVgo needs to better manage its cash flow to explain its lower reserves because its reserve amount dropped from $245.49 million to $142.01 million between 2022 and 2024.
Debt Levels and Leverage
In comparison to other market participants EVgo keeps its debt under control.
- Total Debt: EVgo carries $85.94 million debt alongside $56.07 million cash in its accounts.
- Leverage Concerns: EVgo needs additional borrowing money to upgrade and build more EV infrastructure across its network but it can manage its debt effectively for now.
Shareholder Equity
EVgo’s shareholders own $465.79 million through 2024 with their assets successfully growing since establishment. Throughout its growth phase companies often grapple with negative retained earnings which reached -$344.86 million this year.
Dilution Risk: Some EVgo investors may face stock dilution because the company added 16 million shares to its outstanding total between 2023 and 2024. The business needs more equity funds to keep running both today and tomorrow.
Asset Composition
EVgo owns $791.69 million in assets and stores $493.26 million in physical equipment and facilities. Its physical infrastructure builds connecting to its business expansion plans. but also requires substantial maintenance and upgrades over time.
Revenue Growth and Profit Margins
Under its aggressive expansion plan the company generated $54.59 million in 2022 revenue that soared to an expected $263.79 million in 2024. The firm has boosted profit margins to 32.7% in 2024 from 31.35% in 2022.
- Operating Margins: EVgo keeps suffering losses from operations after making $263.79 million in 2024 business.
- Profit Margins: EVgo’s reduced 2024 net profit margin of -18.48% represents continuing progress toward reducing past-year losses.
Long-term Financial Sustainability
For EVgo to sustain growth into 2030 and beyond, several financial strategies are critical:
- Focus on Profitability: Making the shift from increasing sales to generating earnings will make investors trust the company more.
- Capex Management: Keeping capital spending under control protects us from borrowing too much money.
- Diversified Revenue Streams: Expanding our services to include charge plan subscriptions and energy storage addition helps us maintain stable revenue.
Market Cap History Analysis
Market cap shows investors what a company stands worth by market standards. EVgo Inc has experienced dramatic highs and lows during its business development period. Since November 2020 EVgo’s market value grew from $56.42 million to $918.06 million showing a spectacular increase of 1527%. Its numbers grow by 95.14% each year showing clear and continuous growth.
| Year | Market Cap (USD) | Year-over-Year Growth (%) |
|---|---|---|
| 2020 | $61.58M | 9.16% |
| 2021 | $683.24M | 1,009.48% |
| 2022 | $310.03M | -54.62% |
| 2023 | $370.72M | 19.57% |
| 2024 | $436.15M | 17.65% |
| 2025 (Jan) | $918.06M | 183.25% |
EVgo’s market value changes because the stock market remains unpredictable and reacts to both widespread market trends and investor feelings combined with how well the company performs. Despite experiencing a dip in 2022 the company showed impressive recovery action.
Last 10 Years: History and Analysis
EVgo has expanded greatly over ten years, improving its position among key EV charging companies. EVgo successfully grew its revenue from $14.58 million in 2020 to $239.31 million by 2024, showing it can seize market growth chances. EVgo has achieved progress, but it has faced some tough times on its journey.
When investors became very excited about EV companies in 2021, EVgo hit its highest market value, and the major market dip in 2022 brought its stock price more in line with reasonable market expectations.
The market shows its habit of creating overreactions that swing upward and downward in response to trends. Investors who stayed put during hard times have done well by watching EVgo fine-tune its approach.
Comparison with Other Stocks
EVgo’s small capitalization makes it unlike larger companies like Tesla or ChargePoint. Below is a comparison to offer perspective:
| Company | Market Cap (USD) | 2024 Revenue (USD) | PE Ratio | Sector |
|---|---|---|---|---|
| Tesla | $1.33T | $97.15B | 80.00 | Automotive |
| ChargePoint | $4.52B | $632M | N/A | EV Charging |
| EVgo | $918.06M | $239.31M | N/A | EV Charging |
| Blink Charging | $856M | $120M | N/A | EV Charging |
EVgo shows comparable growth potential versus ChargePoint but generates less money than competitors do. Because EVgo remains less established than its competitors the company provides better growth potential as an investment option for those who embrace greater risk to achieve greater gains.
Stock Recommendation of Analysts
Most analysts have positive outlooks on EVgo, and they all unanimously recommend buying the company’s shares right now. The table below outlines their projections:
| Metric | Value | Commentary |
|---|---|---|
| Average Price Target | $6.61 | 118.66% upside from current levels. |
| Highest Price Target | $10.00 | Reflects extreme optimism. |
| Lowest Price Target | $2.00 | Accounts for potential challenges. |
| Analyst Count | 10 | A robust sample size. |
The strong market optimism comes from EVgo’s strong revenue increase path and its leadership position in U.S. EV infrastructure.
Indicator-Based Stock Analysis
Technical indicators provide a snapshot of EVgo’s stock performance over the short to medium term:
- Relative Strength Index (RSI): The current RSI of 23.34 tells us that EVgo’s stock is low in value, and experts think now is a smart time to purchase.
- Beta: Evoke’s stock exhibits higher volatility than typical growth-company small stocks because its beta score stands at 2.36.
- Moving Averages: Market trends show EVgo’s stock moving downward since its 50-day ($5.13) and 200-day ($4.11) average lines rest above the present trading price of $3.03.
EVgo’s growth potential outweighs temporary market drops because the business and renewable energy sector continue to improve over time..
Should I Buy This Stock?
How good this investment is will depend on how much risk you can take and how long you want to keep your money invested.
Why You Might Buy:
- Growth Potential: The stock stands out as a solid growth choice since EVgo forecasts a yearly revenue boost of more than 40%.
- Strategic Industry: The market for EV charging stations worldwide will increase rapidly because more people switch to electric vehicles.
- Valuation Upside: The market experts predict a market boost of 118.66% that implies significant profit potential for investors.
Why You Might Wait:
- Profitability Concerns: EVgo hasn’t been able to make a profit yet, and its money losses keep growing.
- Market Volatility: The company’s 2.36 beta shows big price changes compared to other stocks, and may not be good for people who prefer steady returns.
- Dilution Risks: How EVgo has been adding more shares in the past has made returns on investment less clear in the future.
2025 Price Forecast Table
| Month | Minimum Price ($) | Maximum Price ($) | % Change From Now |
|---|---|---|---|
| January | 3.05 | 3.20 | +0.66% to +5.61% |
| February | 3.10 | 3.35 | +2.31% to +10.56% |
| March | 3.15 | 3.45 | +3.96% to +13.86% |
| April | 3.25 | 3.50 | +7.26% to +15.51% |
| May | 3.30 | 3.65 | +8.91% to +20.46% |
| June | 3.40 | 3.80 | +12.21% to +25.41% |
| July | 3.50 | 3.90 | +15.51% to +28.71% |
| August | 3.55 | 4.00 | +17.16% to +32.01% |
| September | 3.60 | 4.10 | +18.81% to +35.31% |
| October | 3.70 | 4.20 | +22.11% to +38.61% |
| November | 3.75 | 4.35 | +23.76% to +43.56% |
| December | 3.85 | 4.50 | +27.06% to +48.51% |
2026 Price Forecast Table
| Month | Minimum Price ($) | Maximum Price ($) | % Change From Now |
|---|---|---|---|
| January | 3.95 | 4.60 | +30.36% to +51.81% |
| February | 4.05 | 4.70 | +33.66% to +55.11% |
| March | 4.15 | 4.85 | +36.96% to +60.06% |
| April | 4.25 | 5.00 | +40.26% to +65.01% |
| May | 4.30 | 5.10 | +41.91% to +68.31% |
| June | 4.40 | 5.25 | +45.21% to +73.26% |
| July | 4.55 | 5.35 | +50.16% to +76.56% |
| August | 4.60 | 5.50 | +51.81% to +81.51% |
| September | 4.75 | 5.65 | +56.76% to +86.46% |
| October | 4.85 | 5.75 | +60.06% to +89.76% |
| November | 5.00 | 5.90 | +65.01% to +94.71% |
| December | 5.10 | 6.00 | +68.31% to +98.01% |
2027 Price Forecast Table
| Month | Minimum Price ($) | Maximum Price ($) | % Change From Now |
|---|---|---|---|
| January | 5.25 | 6.15 | +73.26% to +103.30% |
| February | 5.35 | 6.30 | +76.56% to +108.25% |
| March | 5.50 | 6.40 | +81.51% to +111.56% |
| April | 5.65 | 6.55 | +86.46% to +116.51% |
| May | 5.75 | 6.70 | +89.76% to +121.46% |
| June | 5.90 | 6.80 | +94.71% to +124.76% |
| July | 6.00 | 7.00 | +98.01% to +130.06% |
| August | 6.15 | 7.20 | +103.30% to +135.01% |
| September | 6.25 | 7.35 | +106.60% to +139.96% |
| October | 6.40 | 7.50 | +111.56% to +144.91% |
| November | 6.50 | 7.65 | +114.86% to +149.86% |
| December | 6.65 | 7.80 | +119.81% to +154.81% |
2028 Price Forecast Table
| Month | Minimum Price ($) | Maximum Price ($) | % Change From Now |
|---|---|---|---|
| January | 6.80 | 7.90 | +124.76% to +159.76% |
| February | 6.95 | 8.00 | +129.71% to +162.36% |
| March | 7.00 | 8.15 | +130.06% to +167.31% |
| April | 7.15 | 8.35 | +135.01% to +172.26% |
| May | 7.30 | 8.50 | +139.96% to +177.21% |
| June | 7.50 | 8.65 | +145.91% to +182.16% |
| July | 7.65 | 8.80 | +150.86% to +187.11% |
| August | 7.80 | 9.00 | +155.81% to +192.06% |
| September | 8.00 | 9.20 | +161.76% to +197.01% |
| October | 8.15 | 9.30 | +166.71% to +201.96% |
| November | 8.30 | 9.45 | +171.66% to +206.91% |
| December | 8.45 | 9.60 | +176.61% to +211.86% |
Opinion
EVgo exists to dominate the American EV charging industry and teams up with car manufacturers to grow rapidly. Watch out because the company’s stocks change dramatically while it remains unprofitable. Evergreen investors should consider investing in EVgo because the business shows promising long-term demand development.
How to Buy This Stock
- Choose a Brokerage: Start working with a broker who provides connection to U.S. stocks and trading. To start investing in US stocks pick from E*TRADE, TD Ameritrade, or Robinhood.
- Fund Your Account: Use your preferred way to put money into your investment account.
- Search for EVgo, Inc.: Type “EVGO” in the search box to find the stock.
- Place Your Order: Determine how many shares you want to buy then set your order selection criteria either at market price or with restrictive limits.
- Monitor Performance: Follow EVgo’s latest business results and market trends so you can take better decisions with your investment.
Conclusion
EVgo Inc leads the EV charging industry and has promising business expansion chances ahead. Despite current financial problems the company shows strong revenue growth and strategic market position toward future success. The stock will climb in value both near-term towards 2030 and over time as the EV industry expands.
Frequently Asked Questions
What is EVgo’s expected stock price in 2025?
EVgo stock analysts anticipate that their stock value could rise from 0.66% to 48.51% from its present price by reaching between $3.05 and $4.50 by 2025. The rise of EVgo depends on both new investment in infrastructure and the increasing number of electric vehicles on the road.
Is EVgo a good long-term investment?
EVgo stands out as a leader with substantial potential because it runs the largest EV charging network while meeting increasing EV infrastructure needs. When evaluating EVgo potential investors should look at both the company’s challenges to make money versus its market challenges.
How does EVgo compare to its competitors?
The company ranks behind ChargePoint and Blink Charging but holds space for future growth. As a fleet charging solutions leader EVgo stands out but Tesla and rival companies create market competition.
How is EVgo performing financially?
EVgo earned more money each year with its revenue rising from $14.58 million in 2020 to $239.31 million in 2024. Despite its net loss of -$42.43 million during the last year EVgo shows clear revenue expansion and improved operational control.
