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Upturn AI SWOT - About
Evgo Inc (EVGO)
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Upturn Advisory Summary
08/13/2025: EVGO (2-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Number of Analysts
11 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $6.3
1 Year Target Price $6.3
| 7 | Strong Buy |
| 3 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -58.46% | Avg. Invested days 23 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 08/13/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.16B USD | Price to earnings Ratio - | 1Y Target Price 6.3 |
Price to earnings Ratio - | 1Y Target Price 6.3 | ||
Volume (30-day avg) 11 | Beta 2.33 | 52 Weeks Range 2.19 - 9.07 | Updated Date 08/13/2025 |
52 Weeks Range 2.19 - 9.07 | Updated Date 08/13/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.4 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-08-05 | When - | Estimate -0.11 | Actual -0.1 |
Profitability
Profit Margin -15.72% | Operating Margin (TTM) -27.64% |
Management Effectiveness
Return on Assets (TTM) -9.43% | Return on Equity (TTM) -27.96% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 543340814 | Price to Sales(TTM) 3.75 |
Enterprise Value 543340814 | Price to Sales(TTM) 3.75 | ||
Enterprise Value to Revenue 1.76 | Enterprise Value to EBITDA -1.73 | Shares Outstanding 134691008 | Shares Floating 127406824 |
Shares Outstanding 134691008 | Shares Floating 127406824 | ||
Percent Insiders 5.17 | Percent Institutions 65.48 |
Upturn AI SWOT
Evgo Inc
Company Overview
History and Background
Evgo Inc. was founded in 2010, initially known as Vision Ridge Partners. It pivoted to focus solely on EV charging solutions and infrastructure, becoming one of the first and largest public fast charging networks for electric vehicles in the US.
Core Business Areas
- Charging Services: Evgo provides a network of public fast charging stations for electric vehicles. This includes installation, maintenance, and operation of charging infrastructure.
- Fleet and OEM Solutions: Evgo partners with fleet operators and automotive manufacturers to provide tailored charging solutions for their specific needs, including depot charging and access to the public network.
- Subscription Services: Evgo offers subscription plans that provide members with discounted charging rates and other benefits.
Leadership and Structure
Cathy Zoi is the CEO. The organizational structure consists of departments focused on network operations, technology, sales, marketing, and finance. Board of Directors guides overall strategy.
Top Products and Market Share
Key Offerings
- Public Fast Charging Network: Evgo operates a network of DC fast charging stations across the US. While precise market share data fluctuates, Evgo is one of the leading public fast charging providers. Competitors include Tesla Supercharger, ChargePoint, and Electrify America. Revenue is primarily generated from charging fees and subscriptions. They operate over 950 stations.
- Evgo Autocharge+: This is a new charger which allows EV's to automatically start their session without the use of a credit card, or the Evgo app. The is a new feature, so it is to early for market share of this function, but competitors will likely release similar features in the future.
Market Dynamics
Industry Overview
The EV charging industry is experiencing rapid growth, driven by increasing EV adoption rates and government support for infrastructure development. The industry is becoming more competitive with many players entering the market.
Positioning
Evgo positions itself as a leading provider of fast charging solutions with a focus on reliability and customer experience. They differentiate themselves through partnerships with OEMs and fleet operators.
Total Addressable Market (TAM)
The TAM for EV charging is estimated to be in the tens of billions of dollars and rapidly growing. Evgo is positioned to capture a significant portion of this TAM through its established network and strategic partnerships.
Upturn SWOT Analysis
Strengths
- Established brand recognition
- Extensive public charging network
- Strategic partnerships with OEMs and fleet operators
- Focus on fast charging technology
- Subscription based charging for customer loyalty
Weaknesses
- High capital expenditure requirements
- Reliance on government subsidies and incentives
- Profitability challenges in the short term
- Competition from Tesla's Supercharger network
Opportunities
- Expanding EV adoption rates
- Government investment in EV infrastructure
- Partnerships with utilities and property owners
- Development of new charging technologies (e.g., wireless charging)
- Growth in fleet electrification
Threats
- Increased competition from other charging providers
- Technological obsolescence
- Fluctuations in electricity prices
- Supply chain disruptions
- Regulatory changes
Competitors and Market Share
Key Competitors
- TSLA
- CHPT
- BLNK
Competitive Landscape
Evgo faces intense competition from larger players like Tesla and ChargePoint. Evgo focuses on strategic partnerships and network reliability to differentiate itself. BLNK lags behind in fast-charging technology and overall network size.
Major Acquisitions
Recargo
- Year: 2020
- Acquisition Price (USD millions): 25
- Strategic Rationale: Recargo brought PlugShare, a platform that provides location and real-time availability information for EV chargers to EVgo.
Growth Trajectory and Initiatives
Historical Growth: Evgo has experienced rapid growth in the number of charging stations and charging sessions. However, profitability remains a challenge.
Future Projections: Analysts project continued strong revenue growth for Evgo as EV adoption increases. Profitability is expected to improve over time, but significant investments are still required.
Recent Initiatives: Recent initiatives include expanding the charging network, forming partnerships with OEMs and fleet operators, and launching new subscription plans.
Summary
Evgo is a key player in the rapidly growing EV charging market, with a strong focus on public fast charging. While revenue growth is high, profitability remains a challenge due to significant capital expenditures. The company's strategic partnerships and expansion efforts position it well for future growth, but it must navigate increasing competition and technological advancements to succeed. The total market is expected to be 390 billion USD by 2030.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Evgo Investor Relations
- Analyst Reports
- Industry Publications
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share data is approximate and subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Evgo Inc
Exchange NASDAQ | Headquaters Los Angeles, CA, United States | ||
IPO Launch date 2020-11-20 | CEO & Director Mr. Badar Khan | ||
Sector Consumer Cyclical | Industry Specialty Retail | Full time employees 329 | Website https://www.evgo.com |
Full time employees 329 | Website https://www.evgo.com | ||
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.
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