EVgo (EVGO) Set to Announce Quarterly Earnings on Tuesday

EVgo (NYSE:EVGO) will be posting its quarterly earnings results before the market opens on Tuesday, November 12th. Analysts expect EVgo to post earnings of ($0.15) per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

EVgo Trading Down 9.6 %

EVGO stock opened at $5.54 on Friday. The company has a market cap of $1.68 billion, a price-to-earnings ratio of -13.85 and a beta of 2.38. The firm has a 50-day moving average of $6.03 and a two-hundred day moving average of $3.94. EVgo has a 12 month low of $1.65 and a 12 month high of $9.07.

Analysts Set New Price Targets

A number of research firms have weighed in on EVGO. JPMorgan Chase & Co. raised EVgo from a “neutral” rating to an “overweight” rating and set a $7.00 price objective on the stock in a research note on Thursday, October 3rd. Needham & Company LLC reissued a “hold” rating on shares of EVgo in a report on Thursday, August 29th. Stifel Nicolaus raised their price objective on shares of EVgo from $6.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Capital One Financial upgraded shares of EVgo to a “strong-buy” rating in a report on Monday, September 16th. Finally, TD Cowen upgraded shares of EVgo from a “hold” rating to a “buy” rating and raised their price target for the stock from $5.00 to $7.00 in a report on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, EVgo currently has an average rating of “Buy” and a consensus price target of $6.61.

Insider Transactions at EVgo

In other news, insider Francine Sullivan sold 12,584 shares of EVgo stock in a transaction on Monday, August 12th. The stock was sold at an average price of $3.60, for a total value of $45,302.40. Following the completion of the sale, the insider now directly owns 117,327 shares of the company’s stock, valued at approximately $422,377.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other EVgo news, President Dennis G. Kish sold 16,414 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $3.60, for a total value of $59,090.40. Following the completion of the transaction, the president now owns 47,614 shares of the company’s stock, valued at $171,410.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Francine Sullivan sold 12,584 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $3.60, for a total transaction of $45,302.40. Following the completion of the transaction, the insider now owns 117,327 shares of the company’s stock, valued at approximately $422,377.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 66.96% of the company’s stock.

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.