:quality(80)/s3.amazonaws.com/arc-authors/morningstar/a3416e63-64d9-4054-99c0-22cd1547b5a2.jpg)
EVgo Earnings: Operating Results Show Continued Improvement, but Financing Uncertainty Remains
We maintain our $2 fair value estimate for no-moat EVgo following its first-quarter results. We view the shares as fairly valued.
EVgo Inc Class A EVGO
Bulls Say, Bears Say
Bulls
EVgo is a leading asset owner of fast-charging stations, which are expected to grow faster than slower-charge stations.
Bears
EVgo will face heightened competition when Tesla opens its Supercharger network to other automakers.
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if EVGO is a good fit for your portfolio.
News
-
EVgo Inc. Reports Record First Quarter 2024 Results
-
EVgo Expansion in Los Angeles Recognized with 1st Place Leadership Award by Largest Municipal Utility in the Nation
-
EVgo to Report First Quarter 2024 Results on May 7, 2024
-
EVgo Expands Autocharge+ to More Than 50 Electric Vehicle Models
-
EVgo Welcomes Scott Griffith to Board of Directors
-
EVgo to Host Financial Modeling Webinar on April 4, 2024
-
SLB Capital Advisors Advises on Sale Leasebacks For Leading EV Fast Charging Solutions Provider EVgo
-
EVgo Opens First Public Fast Charging Site with Innovative Prefabrication Approach
Trading Information
- Previous Close Price
- $1.99
- Day Range
- $1.80–2.03
- 52-Week Range
- $1.65–6.02
- Bid/Ask
- $1.84 / $1.87
- Market Cap
- $197.59 Mil
- Volume/Avg
- 4.1 Mil / 3.0 Mil
Key Statistics
- Price/Earnings (Normalized)
- —
- Price/Sales
- 0.97
- Dividend Yield (Trailing)
- —
- Dividend Yield (Forward)
- —
- Total Yield
- —
Company Profile
EVgo owns and operates a public direct current fast-charging network in the US. Its network of charging stations provides electric vehicle charging infrastructure to consumers and businesses. The network is capable of charging all EV models and meets all charging standards currently available in the US. EVgo partners with national and regional chains of grocery stores, automotive original equipment manufacturers, hotels, shopping centers, gas stations, parking lot operators, local governments and independent property owners in order to locate and deploy its EV charging infrastructure.
- Sector
- Consumer Cyclical
- Industry
- Specialty Retail
- Stock Style Box
- Small Growth
- Total Number of Employees
- 295
- Website
- https://www.evgo.com
Competitors
Valuation
|
Metric
|
EVGO
|
TSLA
|
GM
|
|---|---|---|---|
Price/Earnings (Normalized) | — | 61.71 | 5.62 |
Price/Book Value | 7.69 | 8.35 | 0.75 |
Price/Sales | 0.97 | 6.20 | 0.34 |
Price/Cash Flow | — | 40.92 | 2.92 |
Price/Earnings
EVGO
TSLA
GM
Financial Strength
|
Metric
|
EVGO
|
TSLA
|
GM
|
|---|---|---|---|
Quick Ratio | 2.84 | 1.13 | 0.83 |
Current Ratio | 2.99 | 1.73 | 1.08 |
Interest Coverage | — | 58.10 | 11.20 |
Quick Ratio
EVGO
TSLA
GM
Profitability
|
Metric
|
EVGO
|
TSLA
|
GM
|
|---|---|---|---|
Return on Assets (Normalized) | −14.11% | 9.74% | 3.80% |
Return on Equity (Normalized) | — | 16.96% | 15.07% |
Return on Invested Capital (Normalized) | −19.84% | 13.43% | 5.37% |
Return on Assets
EVGO
TSLA
GM
Specialty Retail Industry Comparables
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
ORLY
| O'Reilly Automotive Inc | Hyhnmgglq | Hckb | $60.0 Bil | |
AZO
| AutoZone Inc | Brmnxvgjc | Gsr | $51.7 Bil | |
TSCO
| Tractor Supply Co | Bvwtsxgrmn | Hypxl | $29.1 Bil | |
WSM
| Williams-Sonoma Inc | Xrspsxq | Xxk | $20.5 Bil | |
ULTA
| Ulta Beauty Inc | Ywzgfwrgh | Mgggpnj | $19.1 Bil | |
BBY
| Best Buy Co Inc | Szysnvgy | Jzhwv | $16.0 Bil | |
DKS
| Dick's Sporting Goods Inc | Gknjwdbbc | Tsbd | $16.0 Bil | |
BBWI
| Bath & Body Works Inc | Skbjnyl | Lvlqgvv | $10.9 Bil | |
RH
| RH Class A | Pzdcrwztx | Ggz | $5.4 Bil | |
CHPT
| ChargePoint Holdings Inc Ordinary Shares - Class A | Kfgcmllt | Nbfb | $715.5 Mil |