EVgo Inc Class A

EVGO: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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EVgo: Lowering Fair Value Estimate to $2 on Revised Long-Term Assumptions; Shares Fairly Valued

Brett Castelli

Apr 5, 2024

We are lowering our fair value estimate for no-moat EVgo to $2 from $3 after updating our long-term assumptions. The primary driver of our decreased valuation is lower assumed long-term market share in electric vehicle fast charging. We view shares as fairly valued.

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EVgo Inc Class A

EVgo: Lowering Fair Value Estimate to $2 on Revised Long-Term Assumptions; Shares Fairly Valued

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