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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. It also provides ancillary services, such as customization of digital applications, charging data integration, loyalty programs, access to chargers behind parking lot or garage pay gates, microtargeted advertising, and charging reservations; and hardware, design, and construction services for charging sites, as well as ongoing operations, maintenance, and networking and software integration solutions through eXtend. In addition, it offers PlugShare such as data, research, and advertising services and equipment procurement and operational services. EVgo, Inc. was incorporated in 2010 and is headquartered in Los Angeles, California.EVgo, Inc. operates as a subsidiary of EVgo Holdings LLC.
Electrifying Growth | EVgo's revenue soars with 73.1% growth, bolstered by a $1.25 billion DOE loan for network expansion, signaling strong market positioning in the EV charging secto |
Charging Ahead | Explore EVgo's operational metrics, showcasing increased network throughput and stall count, reflecting growing demand and strategic infrastructure development |
Market Dynamics | Delve into EVgo's competitive landscape, analyzing its beta of 2.25 and market valuation, while considering the challenges posed by intensifying industry competition |
Future Projections | Analyst targets range from $3.50 to $12.00 per share, with EVgo aiming for break-even adjusted EBITDA by 2025 and potential gross profit margins exceeding 40% by 2029 |
Metrics to compare | EVGO | Sector Sector - Average of metrics from a broad group of related Utilities sector companies | Relationship RelationshipEVGOPeersSector | |
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P/E Ratio | −7.3x | 7.4x | 10.8x | |
PEG Ratio | 3.66 | −0.08 | 0.02 | |
Price/Book | −2.6x | 1.3x | 1.4x | |
Price / LTM Sales | 3.8x | 0.3x | 0.9x | |
Upside (Analyst Target) | 150.0% | 15.6% | 22.6% | |
Fair Value Upside | Unlock | 6.5% | 10.0% | Unlock |