EVgo (NASDAQ: EVGO) fell on Monday amid widespread selling pressure across the electric vehicle sector. The market in general took at turn lower after Federal Reserve Chair Jerome Powell said in a speech at the National Association for Business Economics annual conference that the inflation outlook "has deteriorated significantly this year."
What's happening with EVgo stock?
Oct 07, 2021 · The freak market sell-off on Sept. 20 sent the stock even lower, which is why when EVgo announced an important number the very next day, investors saw it as the perfect opportunity to buy some shares.
What is EVgo-Q?
Nov 15, 2021 · Shares of EVgo ( EVGO -4.27% ) crashed on Monday, slumping by 14.3% as of 12:45 p.m. EST. Today's drop brings the electric vehicle (EV) charging stock's seemingly unstoppable ride from last week ...
How much will EVgo stock dilute after the SPAC merger?
Feb 01, 2022 · EVgo stock was battered since November, and has fallen more than 60%. Read more to find out why EVGO stock dropped and if it can rebound.
What happened to EVgo's public debut?
Sep 05, 2021 · In August alone, EVgo shares were down 22.7%, according to data from S&P Global Market Intelligence. So what Several things explain the stock's performance since its public debut, and particularly...
Is EVgo a buy stock?
In short, EVgo is progressing well and has immense growth potential, considering the increase in EVs and the rising demand for charging infrastructure. However, the stock is suitable only for investors with a high appetite for risk.Apr 6, 2022
Is EVgo overvalued?
EV-related stocks QuantumScape Corporation (QS), Blink Charging Co. (BLNK), and EVgo, Inc. (EVGO) look overvalued at the current price level, given their companies' bleak growth prospects. Also, analysts have recently downgraded them.
Is EVgo expected to go up?
EVgo Inc (NASDAQ:EVGO) The 8 analysts offering 12-month price forecasts for EVgo Inc have a median target of 14.50, with a high estimate of 27.00 and a low estimate of 9.00. The median estimate represents a +15.72% increase from the last price of 12.53.
Should I sell EVgo?
Is EVgo a buy right now? 9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for EVgo in the last year. There are currently 1 sell rating, 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" EVgo stock.
Who is EVgo owned by?
Transaction Overview LS Power and EVgo management, who together owned 100% of EVgo prior to the business combination, have rolled 100% of their equity, and own approximately 74% of the combined company.Jul 9, 2021
What is EVgo price target?
Average Price Target Based on 6 Wall Street analysts offering 12 month price targets for EVgo in the last 3 months. The average price target is $14.20 with a high forecast of $22.00 and a low forecast of $9.00. The average price target represents a 29.44% change from the last price of $10.97. Highest$22.00.
How do I buy EVgo stock?
How to buy shares in EVgoCompare share trading platforms. Use our comparison table to help you find a platform that fits you.Open your brokerage account. Complete an application with your details.Confirm your payment details. Fund your account.Research the stock. ... Purchase now or later. ... Check in on your investment.
Can I buy ChargePoint stock?
Buy ChargePoint shares from these brokerages Trade stocks in the app or online with $0 commissions. Not available in NY, NV, MN, or TN. Client disclaimer: US Brokerage services through eToro USA Securities Inc, member of FINRA, SIPC.
Is CHPT a good investment?
CHPT stock has fallen near pre-SPAC IPO levels and now is a good chance to buy the dip while there is fear surrounding high growth stocks.Feb 18, 2022
Is EVgo Stock profitable?
Increases in revenues and customer accounts is a very good sign. However, profitability does not impress, as the firm remains unprofitable. Keep an eye on EVGO stock, but it is not a buy yet, as it continues to burn cash to support its growth.Mar 4, 2022
How does EVgo make money?
EVgo is among the companies trying to make money by selling electricity at public recharging stations. Instead of building their own charging networks, automakers like General Motors and Ford have partnered with charging companies.Aug 4, 2021
An analyst downgrade breaks the stock's winning streak
A Fool since 2011, Neha has a keen interest in materials, industrials, and mining sectors. Her favorite pastime: Digging into 10Qs and 10Ks to pull out important information about a company and its operations that an investor may otherwise not know. Other days, you may find her decoding the big moves in stocks that catch her eye.
Key Points
The market seems to have found an excuse to book profits in the EV charger stock after its recent jaw-dropping rally.
What happened
Shares of EVgo ( NASDAQ:EVGO) crashed on Monday, slumping by 14.3% as of 12:45 p.m. EST. Today's drop brings the electric vehicle (EV) charging stock's seemingly unstoppable ride from last week to a grinding halt. An analyst downgrade is to blame.
So what
This morning, Credit Suisse analyst Maheep Mandloi downgraded his rating on EVgo to neutral from outperform, citing the stock's recent rally that already appears to have baked in the potential benefits of EVgo's recent partnerships and the infrastructure bill.
Now what
To be sure, EVgo wouldn't have turned a profit in the third quarter if not for one-time gains unrelated to core operations. But EVgo's fast chargers have strong prospects, especially as they also run entirely on renewable energy.
Key Points
Potentially diluting existing shareholders so early in its life cycle was unexpected and unwelcome.
NASDAQ: EVGO
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What happened
Electric vehicle fast-charging network company EVgo ( EVGO 2.64% ) had a rough first full month of trading as a public company. The company went public through a merger with a special purpose acquisition company (SPAC) in early July, and shares have dropped almost 40% since then.
So what
Several things explain the stock's performance since its public debut, and particularly in August. The poor performance of other electric vehicle sector companies that have gone public through SPACs reinforced negative sentiment.
Now what
EVgo reported revenue of $4.8 million in its second quarter, ended June 30. That represented 16% sequential quarterly growth and 62% over the prior year's period.
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What happened
Shares of EVgo (NASDAQ: EVGO) have tanked today, down by 15% as of 2 p.m. EDT, after the company made a regulatory filing to register millions of shares to be issued in connection to the exercise of warrants.
So what
EVgo has registered up to 18.1 million new shares that are issuable upon the exercise of public warrants. Additionally, the company is registering another 52.35 million shares that can be sold by existing shareholders and another 6.6 million private warrants.
Now what
The SPAC can choose to redeem outstanding warrants for $0.01 once the securities become exercisable, which will prompt warrant holders to exercise or risk losing their entire investment. The main criteria that must be fulfilled is that the stock must trade at $18 for 20 trading days within a 30 trading-day period.
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EVgo (EVGO-Q)
All these e-car stocks have had a huge run and getting it now will mean getting crushed. It's happened before and this time is no different.
EVgo (EVGO-Q)
It's one of his favourites in this space, but beware that this space is highly speculative with four companies competing. EVGO enjoys tailwinds from Biden's infrastructure bill and half of new cars being EVs by 2030, and GM announced preferred charging stations.
EVgo (EVGO-Q) Rating
Stockchase rating for EVgo is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.
EVgo (EVGO-Q) Frequently Asked Questions
EVgo is a American stock, trading under the symbol EVGO-Q on the NASDAQ (EVGO). It is usually referred to as NASDAQ:EVGO or EVGO-Q