Risk factor
Very high price volatility
Profitability factor
Favourable analyst view
About
EVgo, Inc. operates and manages a comprehensive network of high-speed direct current (DC) electric vehicle charging stations across the United States. The company provides electric power directly to vehicle owners who utilize its publicly accessible, connected chargers. EVgo also supports original equipment manufacturers (OEMs) with charging solutions and related offerings. Its services extend to fleet and rideshare businesses, providing public charging options, as well as offering "charging as a service" and dedicated charging infrastructure for fleets. Complementary services include tailored digital application experiences, integration of charging data, customer loyalty initiatives, access to chargers located within paid parking structures, trial programs for precisely targeted advertising, and the ability to reserve charging sessions. Furthermore, through its eXtendTM initiative, EVgo delivers comprehensive maintenance, development, and project management services, encompassing the installation, network integration, and ongoing operation of electric vehicle supply equipment (EVSE). Established in 2010, EVgo is headquartered in Los Angeles, California.
Company Valuation
From both historical and forecast perspectives, the stock is fairly priced compared to similar stocks.
Target Price
The average target price of EVGO is 4.0 and suggests 104% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to increa