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EVgo Inc. (NASDAQ:EVGO) President Dennis G. Kish recently executed a series of stock sales, according to a Form 4 filing with the Securities and Exchange Commission. On May 19 and May 20, Kish sold a total of 119,000 shares of Class A Common Stock. The transactions were executed within a price range of $3.6883 to $3.7536 per share, amounting to a total value of approximately $445,651. The sales come as EVgo’s stock shows significant volatility, with a 71% return over the past year despite a recent 8% decline in the past week, according to InvestingPro data.
Following these transactions, Kish holds 72,269 shares of EVgo’s Class A Common Stock. These sales are part of routine financial activities for executives and are disclosed to provide transparency to investors regarding insider transactions. While the company maintains a healthy current ratio of 2.27, indicating strong short-term liquidity, InvestingPro analysis reveals 12 additional key insights about EVgo’s financial health and market position. Get access to comprehensive insider trading analysis and detailed financial metrics with an InvestingPro subscription.
In other recent news, EVgo Inc. reported its first-quarter 2025 earnings, showcasing a robust performance that exceeded analyst expectations. The company reported a narrower-than-expected loss per share of $0.09, compared to the forecasted loss of $0.11, and achieved a revenue of $75.3 million, surpassing the consensus estimate of $71.4 million. This marks a 36% increase in revenue compared to the same period last year. EVgo’s CEO, Badar Khan, highlighted the company’s successful expansion of its fast-charging infrastructure and expressed confidence in achieving an adjusted EBITDA breakeven in 2025.
The company also added over 180 new operational charging stalls, bringing the total to 4,240 stalls, and reported a 60% year-over-year growth in network throughput. In addition, EVgo received a second advance of $19 million from its $1.25 billion loan guarantee from the U.S. Department of Energy, intended to expand its fast-charging network. Stifel analysts maintained a Buy rating on EVgo, reiterating a price target of $8.00, citing the company’s strategic direction and positive financial outlook.
EVgo’s guidance for the second quarter of 2025 is optimistic, with projected revenue between $340-380 million, exceeding analysts’ expectations. The company aims to build 1,200 to 1,400 new stalls this year, with a significant portion expected in the second half. Despite potential challenges such as tariffs and supply chain disruptions, EVgo’s strategic initiatives and market demand indicate a positive trajectory for the company’s growth.
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