EVgo Inc Class A

EVGO: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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EVgo Earnings: Operating Results Show Continued Improvement, but Financing Uncertainty Remains

Brett Castelli , Abby Weimer

May 8, 2024

We maintain our $2 fair value estimate for no-moat EVgo following its first-quarter results. We view the shares as fairly valued.

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United States

EVgo Inc Class A

EVgo Earnings: Operating Results Show Continued Improvement, but Financing Uncertainty Remains

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