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Upturn AI SWOT - About
Evgo Inc (EVGO)
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Upturn Advisory Summary
04/01/2025: EVGO (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -71.77% | Avg. Invested days 24 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 830.14M USD | Price to earnings Ratio - | 1Y Target Price 6.46 |
Price to earnings Ratio - | 1Y Target Price 6.46 | ||
Volume (30-day avg) 3887149 | Beta 2.38 | 52 Weeks Range 1.65 - 9.07 | Updated Date 04/2/2025 |
52 Weeks Range 1.65 - 9.07 | Updated Date 04/2/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.41 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-03-04 | When Before Market | Estimate -0.09 | Actual -0.0006 |
Profitability
Profit Margin -17.26% | Operating Margin (TTM) -36.13% |
Management Effectiveness
Return on Assets (TTM) -9.75% | Return on Equity (TTM) -25.75% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 334943527 | Price to Sales(TTM) 3.23 |
Enterprise Value 334943527 | Price to Sales(TTM) 3.23 | ||
Enterprise Value to Revenue 1.28 | Enterprise Value to EBITDA -1.73 | Shares Outstanding 133523000 | Shares Floating 118632580 |
Shares Outstanding 133523000 | Shares Floating 118632580 | ||
Percent Insiders 5.27 | Percent Institutions 74.29 |
Analyst Ratings
Rating 4.31 | Target Price 7.92 | Buy 3 | Strong Buy 8 |
Buy 3 | Strong Buy 8 | ||
Hold 1 | Sell - | Strong Sell 1 | |
Strong Sell 1 |
Upturn AI SWOT
Evgo Inc
Company Overview
History and Background
EVgo was founded in 2010, focusing on building a public fast-charging network for electric vehicles (EVs) across the United States. Initially, it focused on building a network of DC fast chargers. It went public through a SPAC merger in 2021.
Core Business Areas
- Charging Services: Provides public DC fast charging services to EV drivers.
- Network Infrastructure: Develops, owns, and operates a network of EV charging stations.
- Partnerships: Collaborates with automakers, retailers, and fleet operators to expand charging infrastructure and integrate charging solutions.
Leadership and Structure
Cathy Zoi serves as the CEO. The company operates with a functional organizational structure, with departments for engineering, operations, sales, and marketing.
Top Products and Market Share
Key Offerings
- DC Fast Charging: Offers DC fast charging services with various charging speeds. Competitors include Tesla (TSLA), ChargePoint (CHPT), and Electrify America. Market share is estimated around 25% for DC fast charging network market.
- EVgo Autocharge+: A streamlined charging experience that allows drivers to simply plug in and charge without the need for a card or app. Competitors include Plug and Charge offered by other networks.
Market Dynamics
Industry Overview
The EV charging industry is experiencing rapid growth driven by increasing EV adoption. There is intense competition among charging network operators. Government incentives and regulations are playing a significant role.
Positioning
EVgo focuses on providing fast and reliable charging services, particularly in urban areas. They aim to differentiate through customer experience and strategic partnerships.
Total Addressable Market (TAM)
The global EV charging market is projected to reach hundreds of billions of dollars by 2030. EVgo is positioned to capture a significant portion of this market, especially through expansion and strategic partnerships.
Upturn SWOT Analysis
Strengths
- Established brand recognition
- Focus on fast charging
- Strategic partnerships with automakers
- Extensive network coverage in key markets
Weaknesses
- High capital expenditures
- Reliance on government incentives
- Network uptime and maintenance challenges
- Profitability concerns
Opportunities
- Growing EV adoption rates
- Government investments in charging infrastructure
- Expansion into new markets
- Development of new charging technologies
Threats
- Intense competition
- Technological obsolescence
- Fluctuations in electricity prices
- Supply chain disruptions
Competitors and Market Share
Key Competitors
- TSLA
- CHPT
- BLNK
Competitive Landscape
EVgo competes with other charging network operators, automakers, and utilities. EVgo's competitive advantage lies in its focus on fast charging and strategic partnerships. Tesla has the advantage on the amount of charging stations.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: EVgo has experienced significant growth in revenue and charging stalls. Growth has been fueled by increasing EV adoption and network expansion.
Future Projections: Analysts expect continued revenue growth for EVgo, driven by the increasing EV market and expansion of its charging network. Profitability is expected to improve in the coming years.
Recent Initiatives: Strategic partnerships, expansion of charging locations, and development of new charging technologies.
Summary
EVgo is a key player in the growing EV charging market, showing strong revenue growth and a commitment to network expansion. However, it currently lacks profitability and faces strong competition. Strategic partnerships and technological advancements are crucial to its future success; continued losses are a key issue to resolve.
Similar Companies
BLNK
Blink Charging Co
BLNK
Blink Charging Co
CHPT
ChargePoint Holdings Inc
CHPT
ChargePoint Holdings Inc
TSLA
Tesla Inc
TSLA
Tesla Inc
Sources and Disclaimers
Data Sources:
- Company Filings (SEC)
- Industry Reports
- Analyst Estimates
Disclaimers:
The data provided is for informational purposes only and should not be considered financial advice. Market conditions and company performance can change rapidly.
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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