Evgo Inc. Stock Price, News & Analysis

General Motors (NYSE: GM), Pilot Company, and EVgo (NASDAQ: EVGO) have announced a significant expansion of their EV charging network, now reaching over 200 locations across nearly 40 states with approximately 850 public fast charging stalls. The network has expanded from 25+ states to nearly 40 in under a year, strategically deploying chargers along interstate corridors that carry over 20% of America's traffic.

The collaboration, first announced in 2022, is progressing toward its goal of installing 2,000 fast charging stalls at 500 Pilot and Flying J locations. By the end of 2025, they expect to reach 1,000 stalls across 40 states. The network features 350kW fast-chargers, overhead canopies, pull-through stalls, and Plug and Charge capability, along with amenities like free Wi-Fi and on-site restaurants.

EVgo (NASDAQ: EVGO), a leading provider of public EV fast charging infrastructure, has been named one of America's Greatest Companies 2025 by Newsweek and Plant-A Insights Group, receiving a 4.5 out of 5 star rating.

The company demonstrated strong financial performance with $257 million in revenue for 2024, marking a 60% year-over-year increase. Key 2024 achievements include expanding partnerships with automakers like General Motors (surpassing 2,000 stalls), Toyota, and retail partners Meijer and Regency Centers. EVgo is also developing next-generation charging architecture with enhanced customer-centric features.

EVgo Inc. (Nasdaq: EVGO) reported strong Q2 2025 results, highlighted by record revenue of $98.0 million, up 47% year-over-year. The company secured a groundbreaking $225 million commercial bank loan facility, expandable to $300 million, to accelerate nationwide charging infrastructure deployment.

Key operational metrics include network throughput of 88 GWh (up 35% YoY), addition of 240 new operational stalls, and growth to 4,350 total stalls in operation. The company added over 122,000 new customer accounts, reaching 1.5 million total accounts. Financial performance showed improvement with Adjusted EBITDA of $(1.9) million, a 76% improvement year-over-year.

EVgo updated its 2025 guidance to $350-380 million in revenue and Adjusted EBITDA between $(5) million and $10 million, moving closer to its goal of achieving Adjusted EBITDA breakeven for the full year.

EVgo Inc. (Nasdaq: EVGO), a leading U.S. public fast charging provider, has secured a groundbreaking $225 million senior secured, non-recourse credit facility with an option to increase by $75 million. This marks the largest EV charging commercial bank facility in the United States.

The oversubscribed facility, led by SMBC with participation from four other global banks, will fund the deployment of more than 1,500 additional high-power charging stalls. Key terms include a 5-year tenor, SOFR plus 3.25% interest rate, and 60% financing of eligible project costs. The company made its first draw of $48 million on July 24, 2025.

EVgo contributed 400 existing charging stalls as initial loan collateral, demonstrating the maturity of its network and profitability. The facility will support both public fast charging expansion and dedicated charging hubs for autonomous vehicles and fleet partners.

EVgo (NASDAQ:EVGO), a leading public fast charging network for electric vehicles, has scheduled its second quarter 2025 earnings release for Tuesday, August 5. The company will host a webcast at 8:00 AM ET (5:00 AM PT) featuring the EVgo management team.

Investors can access the live webcast through EVgo's investor relations website. Financial results and presentation materials will be made available on the website before the webcast, with an archive of the call accessible afterward through the Events & Presentations page.

EVgo (NASDAQ: EVGO), a leading provider of public EV fast charging infrastructure, has appointed Kim Homenock as Chief People Officer (CPO). Homenock brings 25 years of human resources and operations experience from the technology and energy sectors. She will lead EVgo's HR strategy during its growth phase, focusing on talent acquisition, leadership development, and employee experience.

Previously, Homenock served as CPO at Stem, Inc., and held senior leadership positions at Amazon and GE Vernova. EVgo currently operates over 4,200 fast charging stalls across 40+ states and plans to expand to at least 10,000 stalls by 2029. The company, which currently employs nearly 350 people, aims to increase its workforce across construction, engineering, development, and operations roles to support this expansion.

EVgo (NASDAQ: EVGO) reported strong Q1 2025 results with record revenue of $75.3 million, up 36% year-over-year. The company's charging network revenue reached $47.1 million, increasing 49% YoY, marking the 13th consecutive quarter of double-digit growth. Network throughput grew 60% YoY to 83 GWh. EVgo added over 180 new operational stalls, ending Q1 with 4,240 total stalls. The company added 119,000 new customer accounts, reaching 1.4 million total accounts. Despite progress, EVgo reported a net loss of $26.2 million, though improved from $28.2 million in Q1 2024. The company received its first $75 million advance from a $1.25 billion DOE loan guarantee and affirmed its 2025 guidance of $340-380 million in revenue with Adjusted EBITDA between -$5 million to $10 million.

EVgo Inc. (Nasdaq: EVGO), a leading public fast charging network provider for electric vehicles, has scheduled its first quarter 2025 financial results announcement for Tuesday, May 6, 2025. The company will host a webcast at 8 a.m. ET (5 a.m. PT) featuring the EVgo management team.

The financial results press release and presentation materials will be available on EVgo's Investor Relations website before the webcast begins. An archive of the webcast will be accessible afterward through the Events & Presentations page in the Investor Relations section.

Pilot Company, General Motors (GM), and EVgo have expanded their collaborative EV charging network to over 130 locations across 25+ states. The network, announced in 2022, aims to build up to 2,000 fast charging stalls at up to 500 Pilot and Flying J locations.

The charging infrastructure now covers major corridors including I-75 between Michigan and Georgia, and regional routes connecting Minneapolis to Milwaukee, Detroit to Cleveland, San Antonio to Houston, and Dallas to Nashville. The stations feature EVgo's high-power chargers offering up to 350kW, enabling recharge times as short as 15 minutes.

The locations offer premium amenities including lounges, free Wi-Fi, restaurants, convenience items, 24/7 access, and pull-through charging stalls with canopies. The expansion comes as EV sales reached 1.3 million in 2024, with GM's EV sales increasing 50% in Q4 2024.