EVgo (EVGO) to Release Earnings on Tuesday

EVgo (NYSE:EVGO) is scheduled to be releasing its earnings data before the market opens on Tuesday, November 12th. Analysts expect the company to announce earnings of ($0.15) per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

EVgo Stock Up 2.5 %

Shares of EVgo stock traded up $0.19 on Tuesday, reaching $7.67. 801,438 shares of the company were exchanged, compared to its average volume of 4,295,323. EVgo has a 1-year low of $1.65 and a 1-year high of $9.07. The company’s 50-day moving average is $5.86 and its two-hundred day moving average is $3.82.

Analyst Ratings Changes

Several brokerages have recently issued reports on EVGO. Royal Bank of Canada boosted their price target on shares of EVgo from $4.00 to $8.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. UBS Group upgraded shares of EVgo from a “neutral” rating to a “buy” rating and upped their target price for the stock from $4.00 to $8.50 in a research report on Thursday, October 10th. TD Cowen raised EVgo from a “hold” rating to a “buy” rating and lifted their price target for the company from $5.00 to $7.00 in a report on Thursday, October 3rd. JPMorgan Chase & Co. raised EVgo from a “neutral” rating to an “overweight” rating and set a $7.00 price objective for the company in a report on Thursday, October 3rd. Finally, Capital One Financial raised EVgo to a “strong-buy” rating in a research note on Monday, September 16th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $6.61.

Insider Activity

In other EVgo news, insider Francine Sullivan sold 12,584 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $3.60, for a total value of $45,302.40. Following the sale, the insider now directly owns 117,327 shares in the company, valued at approximately $422,377.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other EVgo news, insider Francine Sullivan sold 12,584 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $3.60, for a total value of $45,302.40. Following the transaction, the insider now owns 117,327 shares of the company’s stock, valued at approximately $422,377.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Dennis G. Kish sold 16,414 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $3.60, for a total value of $59,090.40. Following the sale, the president now directly owns 47,614 shares of the company’s stock, valued at approximately $171,410.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 66.96% of the company’s stock.

EVgo Company Profile

EVgo, Inc owns and operates a direct current fast charging network for electric vehicles (EVs) in the United States. The company offers electricity directly to drivers, who access its publicly available networked chargers; original equipment manufacturer charging and related services; fleet and rideshare public charging services; and charging as a service and fleet dedicated charging services.