EVgo, Inc. owns and operates a direct current fast charging network for electric vehicles in the United States. The company offers electricity directly to drivers; original equipment manufacturer charging and related services; and fleet and rideshare public charging services; and commercial charging. 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.
Charging Ahead | EVgo's expansion of its DC fast charger network, backed by a $1.25 billion DOE loan, positions it at the forefront of the rapidly growing EV charging market. |
Financial Acceleration | Explore EVgo's impressive 59.6% year-over-year revenue growth and its trajectory towards profitability, with adjusted EBITDA break-even targeted for 2025. |
Competitive Landscape | Delve into EVgo's industry-leading 24% charger utilization rate and how it maintains its edge in an increasingly crowded EV charging sector. |
Future Outlook | Analyst price targets range from $4 to $12, reflecting diverse views on EVgo's potential to capitalize on global EV adoption trends and overcome market challenges. |
Metrics to compare | EVGO | Sector Sector - Average of metrics from a broad group of related Utilities sector companies | Relationship RelationshipEVGOPeersSector | |
---|---|---|---|---|
P/E Ratio | −9.6x | 10.2x | 11.1x | |
PEG Ratio | −6.68 | 0.05 | 0.02 | |
Price/Book | −4.6x | 3.2x | 1.4x | |
Price / LTM Sales | 3.4x | 0.3x | 0.9x | |
Upside (Analyst Target) | 71.9% | 21.0% | 20.0% | |
Fair Value Upside | Unlock | 16.5% | 9.0% | Unlock |