EVgo, Inc. Class A (EVGO)

In the past six months (May 2025 - November 2025), EVgo's stock (EVGO) has experienced a downward trend, decreasing by 17.71%. EVgo delivered a strong performance in Q1 2025, with total revenue growing 36% year-over-year to $75 million and charging network revenue increasing by 49% year-over-year to $47.1 million. In May 2025, news emerged that public EV charger performance had significantly improved for the first time in years. On October 6, 2025, EVgo's stock jumped 2.8% following positive analyst ratings that highlighted a favorable outlook for the company. On November 10, 2025, EVgo reported its fiscal third-quarter 2025 results, with revenues growing 37% year-over-year to $92 million, however, shares fell the following day. Recent analyst forecasts in November 2025 included price targets ranging from $4.50 to $7.50, with a median target of $5.90. In Q3 2025, some institutional investors increased their holdings, while others decreased their positions.

The provided information does not explicitly detail demand seasonality for EVgo's specific products and services. However, general trends in the broader EV charging market indicate a continuous and growing demand for charging infrastructure. While home charging remains the most common method, public charging, particularly fast chargers, is experiencing significant growth. The fastest-growing segments for charging are expected to be at-work and multi-unit residential charging, suggesting a consistent need for accessible charging solutions throughout the year rather than distinct seasonal peaks or troughs. The overall market for DC charging infrastructure is projected to surge, driven by accelerating EV adoption and government incentives, indicating a sustained upward trend in demand.

EVgo, Inc. is a prominent owner and operator of a public direct current (DC) fast charging network for electric vehicles (EVs) in the United States, playing a critical role in the transition to sustainable transportation. The company provides electricity directly to EV drivers, offers charging and related services to original equipment manufacturers (OEMs), and delivers public charging services for fleets and rideshare operators, as well as commercial charging solutions. Beyond core charging, EVgo provides ancillary services such as customization of digital applications, charging data integration, loyalty programs, access to chargers behind parking pay gates, microtargeted advertising, and charging reservations. Through its "eXtend" offering, EVgo also provides hardware, design, and construction services for charging sites, along with ongoing operations, maintenance, networking, and software integration solutions. The company also offers PlugShare, which includes data, research, and advertising services, as well as equipment procurement and operational services. EVgo is categorized under the Consumer Discretionary sector and the Specialty Retail industry, or more broadly, Retail Trade and Automotive Retail. It is also identified within the Electric Vehicle Infrastructure and Alternative Energy Equipment industries.

EVgo operates an extensive network of public fast charging stations across the United States. As of November 2025, EVgo has over 1,100 fast charging stations in 47 states and more than 65 metropolitan areas. The company's charging stations are compatible with all major auto manufacturers and are strategically located at various amenity-rich areas such as shopping centers, grocery stores, restaurants, and gas stations. EVgo has also partnered with General Motors (GM) and Pilot Company to expand its fast charging network, with their joint venture reaching over 200 locations across nearly 40 states.

In the past year (November 2024 - November 2025), EVgo's brand reputation has been positively influenced by several key developments. EVgo has actively expanded its charging network and strengthened partnerships. In September 2024, EVgo and GM announced a collaboration to deploy 400 additional fast charging stalls at flagship destinations. By September 2025, the joint EV charging network of General Motors, EVgo, and Pilot Company reached over 200 locations across nearly 40 states. In December 2024, EVgo secured $1.25 billion in funding from the Department of Energy, which is expected to significantly expand its presence by helping install 7,500 new charging stalls. A report in May 2025 indicated that public EV charger performance improved significantly for the first time in years. As of May 2024, EVgo had reached over one million registered customer accounts, representing a 400% increase since April 2020. EVgo is committed to delivering a best-in-class charging experience and actively participates in industry groups to advance solutions and standards.

EVgo's ownership structure is a mix of institutional, retail, and individual investors. Institutional investors hold a significant portion of the company's shares, with 361 institutional owners holding a total of 102,647,929 shares. Major institutional shareholders include Vanguard Group Inc, BlackRock, Inc., Millennium Management Llc, J. Goldman & Co LP, SIR Capital Management, L.P., Soros Fund Management Llc, State Street Corp, and Geode Capital Management, Llc. Approximately 17.44% to 34.10% of EVgo's stock is owned by institutional investors, while insiders hold around 5.17%, and retail and individual investors account for a substantial portion, estimated at around 60.73%.