Professional
Added to YB: 2024-10-11
Pitch date: 2024-10-10
EVGO [bullish]
EVgo, Inc.
-51.45%
current return
Author Info
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Company Info
EVgo, Inc. owns and operates a direct current fast charging network for electric vehicles in the United States.
Market Cap
$397.4M
Pitch Price
$6.61
Price Target
8.50 (+165%)
Dividend
N/A
EV/EBITDA
-34.97
P/E
-7.66
EV/Sales
3.89
Sector
Specialty Retail
Category
growth
Show full summary:
EVgo Upgraded to Buy by UBS, Price Target Raised to $8.50
EVGO (analyst upgrade): UBS upgrades to Buy, PT $8.50. $1.05bn DOE loan boosts stall deployment visibility post-2025. Reduced GOP sweep risk. Catalysts: loan close, updated guidance, EBITDA breakeven 2H25. Risk: loan closure failure, mitigated by established tech & network distribution. No new equity raise expected.
Read full article (1 min)