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Evgo Inc. - EVGO STOCK NEWS

Welcome to our dedicated page for Evgo news (Ticker: EVGO), a resource for investors and traders seeking the latest updates and insights on Evgo stock.

EVgo Inc. (EVGO) operates America's largest public fast charging network for electric vehicles, powering the transition to sustainable transportation. This page serves as the definitive source for corporate announcements, operational developments, and strategic updates directly from EVgo leadership.

Investors and industry professionals can access comprehensive updates including quarterly financial results, new charging site deployments, technology partnerships, and regulatory filings. Our curated collection features official press releases covering infrastructure expansions, maintenance initiatives, and collaborations with automakers or retail partners.

Key updates include details on DC fast charger installations, network reliability improvements, and participation in government EV programs. Bookmark this page for verified information on EVgo's charging technology advancements, service area growth, and responses to evolving market demands in the electric mobility sector.

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EVgo Inc. has announced a proposed award of $6.6 million from the California Energy Commission’s CALeVIP 2.0 program, aimed at expanding fast charging infrastructure across central and eastern California. This funding supports the Golden State Priority Project, focusing on disadvantaged and low-income communities. EVgo plans to deploy over 100 DC fast charging stalls featuring 350kW chargers at 17 locations, including Fresno and San Jose, enhancing accessibility and convenience for EV users. The company emphasizes its commitment to equitable charging solutions and public-private partnerships to promote rapid EV adoption.

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EVgo reported significant growth in its Q4 2022 financial results, with revenue rising to $27.3 million, a 283% increase year-over-year, and a full-year revenue of $54.6 million, up 146% compared to 2021. Network throughput reached 14.4 GWh in Q4, marking a 76% increase from the previous year, and overall customer accounts surpassed 553,000. Despite these gains, the company faced net losses of $17.0 million in Q4 and $106.2 million for the year. EVgo plans to expand its network, aiming for 3,400-4,000 DC fast charging stalls by year-end 2023, while introducing guidance for total revenue between $105 to $150 million.

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Evgo Inc.

Nasdaq:EVGO

EVGO Rankings

EVGO Stock Data

337.81M
126.56M
5.23%
72.64%
25.95%
Specialty Retail
Services-automotive Repair, Services & Parking
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United States
LOS ANGELES