Evgo Inc

EVGOConsumer Cyclical

Sentinellis Health Score

3.5/10

Significant risks

Market Cap

$602.6M

Revenue

$384.1M

P/E Ratio

—

AI Summary

EVgo builds and operates fast-charging stations across the U.S. where electric vehicle drivers can pay to charge their cars, similar to a gas station but for EVs [Yahoo Finance]. The company also provides charging infrastructure and software services to car manufacturers, helps businesses install charging equipment at their locations, and runs PlugShare, a popular app that helps EV drivers find charging stations [Yahoo Finance].

EVgo owns and operates the largest public DC fast-charging network for electric vehicles in the United States, offering direct electricity sales to drivers and white-label charging services to automakers [Yahoo Finance]. The company is growing revenue rapidly (+49.6% year-over-year) but remains deeply unprofitable with negative free cash flow of -$124.4M and an Altman Z-Score of 0.7, indicating high financial distress risk [Yahoo Finance]. Recent institutional activity shows mixed signals: State Street dramatically increased its stake by 59.3% while Soros Fund Management raised its position by 12.5%, but the stock fell recently amid broader market concerns about rising interest rates [EODHD] [Yahoo Finance].

EVgo is growing quickly but burning cash heavily, with significant financial stress indicators that raise questions about long-term viability without additional funding.

Confidence7/10