EVgo (NASDAQ:EVGO) Cut to “Neutral” at Roth Capital

EVgo (NASDAQ:EVGO) was downgraded by investment analysts at Roth Capital from a “buy” rating to a “neutral” rating in a report released on Tuesday, FinViz reports. They presently have a $2.00 price objective on the stock. Roth Capital‘s target price would suggest a potential upside of 8.70% from the company’s previous close.

A number of other equities research analysts have also recently commented on EVGO. Cantor Fitzgerald cut shares of EVgo from an “overweight” rating to a “hold” rating and dropped their price objective for the stock from $3.00 to $2.00 in a research note on Tuesday, November 3rd. JPMorgan Chase & Co. cut shares of EVgo from a “neutral” rating to an “underweight” rating in a research note on Tuesday, July 21st. Royal Bank Of Canada cut shares of EVgo from an “outperform” rating to a “sector perform” rating and set a $2.00 target price for the company. in a research note on Tuesday. Needham & Company LLC reissued a “hold” rating on shares of EVgo in a report on Wednesday, August 5th. Finally, Stifel Nicolaus dropped their price target on shares of EVgo from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Tuesday, August 25th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $2.71.

EVgo Stock Up 0.5%

NASDAQ:EVGO opened at $1.84 on Tuesday. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 5.39. EVgo has a twelve month low of $0.98 and a twelve month high of $3.68. The company has a market cap of $578.72 million, a PE ratio of -4.60 and a beta of 2.87. The company’s 50 day moving average is $1.35 and its two-hundred day moving average is $1.90.

EVgo (NASDAQ:EVGO) last announced its quarterly earnings data on Friday, November 6th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.04. The firm had revenue of $91.42 million during the quarter. During the same period last year, the firm posted ($0.09) EPS. The firm’s revenue was down 1.0% on a year-over-year basis. Analysts anticipate that EVgo will post -0.53 EPS for the current year.

Hedge Funds Weigh In On EVgo

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kintra Wealth LLC purchased a new position in EVgo during the second quarter valued at $25,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of EVgo in the first quarter valued at about $60,000. R Squared Ltd purchased a new stake in shares of EVgo during the third quarter worth about $48,000. Royal Bank of Canada increased its stake in shares of EVgo by 94.4% during the first quarter. Royal Bank of Canada now owns 41,038 shares of the company’s stock worth $70,000 after purchasing an additional 19,929 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of EVgo by 46.3% during the first quarter. Cetera Investment Advisers now owns 42,683 shares of the company’s stock worth $73,000 after purchasing an additional 13,499 shares in the last quarter. 17.44% of the stock is owned by hedge funds and other institutional investors.

More EVgo News

Here are the key news stories impacting EVgo this week:

• Positive Sentiment: Charging-network revenue rose 29% year over year to $72 million, marking the 19th consecutive quarter of double-digit growth. Network throughput increased 8% to 103 GWh. EVgo Q3 2026 results
• Positive Sentiment: EVgo opened its first Chicago site using Tesla Supercharger hardware, a potential step toward expanding its charging network and equipment options. EVgo opens first Tesla Supercharger hardware site in Chicago
• Neutral Sentiment: EVgo’s third-quarter loss of $0.14 per share was narrower than the $0.18 loss analysts expected, though it widened from a $0.09 loss a year earlier. EVgo Q3 earnings report
• Negative Sentiment: EVgo’s FY 2026 revenue guidance of $375 million–$400 million is below the $407.4 million consensus estimate. The outlook suggests revenue may fall short of expectations and is the clearest near-term downside catalyst. EVgo Q3 2026 results
• Negative Sentiment: Third-quarter revenue was $91.42 million, down 1% year over year and below analyst estimates, tempering the positive charging-network growth. EVgo reports Q3 sales below estimates

EVgo Company Profile

EVgo, Inc (NASDAQ: EVGO) operates a public electric vehicle charging network in the United States. The company develops, owns and operates fast-charging stations designed primarily for passenger vehicles, providing drivers with access to charging at shopping centers, grocery stores, retail locations, workplaces and other convenient destinations.

EVgo’s services include on-demand charging through its network and mobile app, as well as features such as payment processing, station availability information and vehicle-to-charger connectivity.