Cantor Fitzgerald Forecasts EVgo FY2026 Earnings

EVgo, Inc. (NASDAQ:EVGO) – Analysts at Cantor Fitzgerald issued their FY2026 EPS estimates for EVgo in a research note issued to investors on Monday, June 9th. Cantor Fitzgerald analyst A. Sheppard anticipates that the company will earn ($0.33) per share for the year. Cantor Fitzgerald currently has a “Overweight” rating and a $8.00 target price on the stock. The consensus estimate for EVgo’s current full-year earnings is ($0.45) per share.

Other research analysts have also recently issued reports about the stock. Needham & Company LLC reissued a “hold” rating on shares of EVgo in a research report on Wednesday, March 5th. Evercore ISI dropped their price target on shares of EVgo from $7.00 to $4.00 and set an “outperform” rating on the stock in a research note on Monday, March 31st. JPMorgan Chase & Co. reissued an “overweight” rating on shares of EVgo in a research report on Thursday, May 8th. Roth Capital restated a “buy” rating on shares of EVgo in a research note on Wednesday, May 7th. Finally, Stifel Nicolaus dropped their target price on EVgo from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $6.00.

EVgo Stock Up 2.9%

NASDAQ EVGO opened at $4.28 on Tuesday. EVgo has a fifty-two week low of $1.95 and a fifty-two week high of $9.07. The business has a 50 day moving average price of $3.29 and a two-hundred day moving average price of $3.62. The stock has a market cap of $1.31 billion, a PE ratio of -10.19 and a beta of 2.41.

EVgo (NASDAQ:EVGO) last announced its quarterly earnings results on Tuesday, May 6th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.02. The company had revenue of $75.29 million during the quarter, compared to analyst estimates of $70.11 million. During the same quarter in the prior year, the company posted ($0.09) earnings per share. The firm’s revenue for the quarter was up 36.4% on a year-over-year basis.

Hedge Funds Weigh In On EVgo

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Millennium Management LLC lifted its holdings in shares of EVgo by 394.4% in the 4th quarter. Millennium Management LLC now owns 4,623,922 shares of the company’s stock worth $18,727,000 after purchasing an additional 3,688,614 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in EVgo by 175.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 4,949,622 shares of the company’s stock valued at $20,046,000 after buying an additional 3,153,073 shares during the last quarter. SIR Capital Management L.P. lifted its stake in EVgo by 326.3% in the fourth quarter. SIR Capital Management L.P. now owns 3,533,645 shares of the company’s stock valued at $14,311,000 after buying an additional 2,704,662 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in shares of EVgo by 2,533.6% during the fourth quarter. Two Sigma Advisers LP now owns 2,494,000 shares of the company’s stock valued at $10,101,000 after acquiring an additional 2,399,300 shares during the period. Finally, HITE Hedge Asset Management LLC grew its position in shares of EVgo by 220.0% during the first quarter. HITE Hedge Asset Management LLC now owns 3,348,303 shares of the company’s stock worth $8,906,000 after acquiring an additional 2,301,886 shares during the last quarter. 17.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at EVgo

In related news, President Dennis G. Kish sold 46,785 shares of the business’s stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $3.75, for a total transaction of $175,443.75. Following the completion of the sale, the president now owns 145,484 shares of the company’s stock, valued at $545,565. This represents a 24.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 58.79% of the stock is currently owned by insiders.

About EVgo

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.