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EVgo Equity Warrants (EVGOW)
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Upturn Advisory Summary
04/01/2025: EVGOW (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
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit -32.09% | Avg. Invested days 26 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size ETF | Market Capitalization 0 USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) 31216 | Beta 2.38 | 52 Weeks Range 0.12 - 1.99 | Updated Date 03/29/2025 |
52 Weeks Range 0.12 - 1.99 | Updated Date 03/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) - |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
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 - | Price to Sales(TTM) - |
Enterprise Value - | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA - | Shares Outstanding - | Shares Floating 118632580 |
Shares Outstanding - | Shares Floating 118632580 | ||
Percent Insiders - | Percent Institutions - |
Analyst Ratings
Rating - | Target Price - | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
EVgo Equity Warrants
Company Overview
History and Background
EVgo operates a public fast charging network for electric vehicles (EVs). It went public in 2021 through a SPAC merger with Climate Change Crisis Real Impact I Acquisition Corporation.
Core Business Areas
- EV Charging Services: Provides fast charging services to EV drivers at public locations.
- Fleet & OEM Solutions: Offers charging solutions for commercial fleets and partnerships with automotive manufacturers.
Leadership and Structure
The leadership team consists of experienced professionals in the energy and automotive industries. The company is structured around its charging network operations, technology development, and business development functions.
Top Products and Market Share
Key Offerings
- DC Fast Charging: Offers DC fast charging at various power levels. The US market share is around 25%. Competitors include ChargePoint, Tesla Supercharger, Electrify America.
- EVgo Autocharge+: A program that allows EV drivers to plug in and charge without needing to use a mobile app or credit card. Market share data not readily available. Competitors include similar 'plug and charge' services from other networks.
Market Dynamics
Industry Overview
The EV charging industry is experiencing rapid growth, driven by increasing EV adoption, government incentives, and growing public awareness of climate change.
Positioning
EVgo is positioned as a leading pure-play fast charging network provider with a focus on reliability and customer experience. Competitive advantages include strategic locations and technology partnerships.
Total Addressable Market (TAM)
The TAM for EV charging is estimated to reach hundreds of billions of dollars by 2030. EVgo is positioned to capture a significant portion of this market.
Upturn SWOT Analysis
Strengths
- First-mover advantage in fast charging
- Strategic partnerships with automakers
- Extensive network coverage
- Strong brand recognition
Weaknesses
- High capital expenditure requirements
- Dependence on government incentives
- Relatively low utilization rates in some areas
- Negative profitability
Opportunities
- Expanding network to new markets
- Increasing utilization rates with EV adoption
- Developing new charging technologies
- Offering value-added services such as energy storage
Threats
- Competition from other charging networks
- Fluctuations in electricity prices
- Technological obsolescence
- Regulatory changes
Competitors and Market Share
Key Competitors
- CHPT
- BLNK
- TSLA
Competitive Landscape
EVgo competes primarily on the speed and reliability of its charging network, as well as its strategic locations and partnerships. It must compete against Tesla and ChargePoint and also Blink.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: EVgo has experienced significant growth in charging stations and charging revenue. Growth rates are dependent on EV adoption.
Future Projections: Analyst estimates project continued revenue growth for EVgo as the EV market expands.
Recent Initiatives: Recent initiatives include expanding the charging network, forming partnerships with automakers, and developing new charging technologies.
Summary
EVgo is a prominent player in the rapidly expanding EV charging market, showcasing notable strengths in its extensive network and partnerships. The company faces challenges related to high capital expenditure and achieving profitability, making its success heavily reliant on increasing EV adoption and strategic execution. Further expansion and technological advancements are crucial for sustaining a competitive edge. Monitoring government incentives and competitive pressure from industry giants like Tesla is essential for future success. However, the warrants will expire if the share price does not meet the strike price so they are a high risk, high reward play.
Similar Companies
BLNK
Blink Charging Co
BLNK
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BP
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BP
BP PLC ADR
CHPT
ChargePoint Holdings Inc
CHPT
ChargePoint Holdings Inc
TSLA
Tesla Inc
TSLA
Tesla Inc
Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Industry Reports
- Analyst Estimates
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Market data and analyst estimates are 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 Equity Warrants
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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