EVgo, Inc. Class A (EVGO)

In the past six months, EVgo's stock price has decreased by 42.40%, and over the last year, it has declined by 46.17%. Key events impacting the stock include the Q1 2026 earnings release, where EVgo reported record revenue but remained unprofitable, amending its DOE loan to $750 million. The Q4 2025 earnings release showed a revenue increase and positive Adjusted EBITDA. The Q3 2025 earnings release reported an EPS of -$0.09. The Q2 2025 earnings release showed record revenue and improved charging gross margins.

EVgo's products and services are subject to demand seasonality, influenced by driving, travel, and economic activity. Driving typically increases in the summer and decreases in the winter, with rideshare drivers experiencing lower activity in the first quarter. The impact of these seasonal trends on charging demand has been somewhat masked by the growth in throughput and utilization EVgo has experienced.

EVgo, Inc. is a US-based electric vehicle fast-charging network operator specializing in EV infrastructure. Its core business involves deploying and operating DC fast-charging infrastructure, providing electricity to EV drivers, OEM charging, commercial charging solutions, and ancillary services like digital application customization and charging data integration. EVgo eXtend offers white-label high-power fast-charging stalls for partners. EVgo also owns Recargo, Inc., which operates the PlugShare application.

EVgo operates one of the largest public EV fast-charging networks in the United States. As of August 2023, the company had over 950 charging locations in 35 states, and now has over 1,200 fast charging locations across 47 states, providing convenient access to public charging for over 153 million Americans. The company aims to triple its nationwide footprint over the next five years.

EVgo has cultivated a strong brand reputation through strategic partnerships and continuous network expansion. The company has collaborated with Amazon to enable Alexa-equipped cars to locate and pay for charging. EVgo is working with GM and Pilot Company on the EVgo eXtend project and announced another project with GM to deploy additional charging stalls. EVgo expanded its partnership with Meijer to install fast-charging stations. Strategic relationships with rideshare providers like Uber and Lyft exist, and EVgo has worked with Tesla to enable native fast charging on its network.

The ownership structure of EVgo stock includes institutional, retail, and individual investors. Approximately 12.96% of the company's stock is owned by Institutional Investors, 1.38% by Insiders, and 21.99% by Public Companies and Individual Investors. Other sources indicate institutional ownership at around 29.59% and insider ownership at 72.56%, with Joseph Esteves being the largest individual shareholder.