EVgo, Inc. (EVGO) PT Raised to $5 at Cantor Fitzgerald

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Go back to EVgo, Inc. (EVGO) PT Raised to $5 at Cantor Fitzgerald

EVgo Inc. Reports Record Second Quarter 2024 Results

August 1, 2024 7:00 AM EDT

Achieves 6th Consecutive Quarter of Triple Digit Year-Over-Year Network Throughput Growth

Raises Midpoint of Total Revenue Guidance by $10 Million

Revenue reached a record $66.6 million in the second quarter, representing an increase of 32% year-over-year. Charging network revenue totaled $36.4 million in the second quarter, an increase of 146% year-over-year, representing the 7th sequential quarter of double-digit charging revenue growth. Network throughput reached a record 66 gigawatt-hours (GWh) in the second quarter, an increase of 164% year-over-year, representing the 6th consecutive quarter of triple digit year-over-year growth. Added more than 220 new... More