Evgo Inc. Stock Price, News & Analysis

EVgo has formed a new partnership with WinCo Foods to install fast chargers at several locations across the Western US. The first charging station opened in Las Vegas, Nevada, featuring 350kW and 100kW fast chargers that cater to four stalls. This collaboration is part of EVgo's strategy to enhance electric vehicle infrastructure and accessibility. Future installations are planned in states including California, Texas, and Arizona. Notably, EVgo operates the largest public fast charging network in the nation, powered by 100% renewable energy since 2019.

EVgo has launched Autocharge+, enhancing the convenience of electric vehicle charging by allowing drivers to start a session simply by plugging in their vehicle. This feature will be available at all EVgo DC fast charging locations, eliminating the need for credit card swipes or app usage. Compatible with many popular CCS EV models, Autocharge+ reflects EVgo’s commitment to simplifying the charging experience for all drivers. The company continues to innovate, reinforcing its position as a leader in the electric vehicle charging network.

EVgo has launched the Connect the Watts™ National EV Charging Recognition Program to honor leaders in the EV charging ecosystem for their contributions to fast charger deployment. Nominations will be accepted until October 14, 2022.

This initiative aims to recognize 'EV Charging Heroes' from various sectors, including utilities and local governments. Participants will receive awards based on objective criteria, enhancing the EV charging community's collaboration and effectiveness.

EVgo Inc. (NASDAQ: EVGO), the largest public fast charging network for electric vehicles in the U.S., has signed a new supply agreement with Delta Electronics. This pact includes the provision of 1,000 fast chargers capable of delivering up to 350kW, aimed at supporting EVgo's expansion and deployment objectives. CEO Cathy Zoi emphasized the collaboration's importance for enhancing charging accessibility. Delta, recognized for its high-efficiency power solutions, has shipped over one million EV chargers globally, reinforcing its expertise in the e-mobility sector.

EVgo Inc. reported Q2 2022 results with revenue of $9.1 million, a 90% increase year-over-year, driven by higher retail charging and OEM revenues. Network throughput reached 10.1 GWh, up 66% year-over-year, and customer accounts grew by 67,000 to approximately 444,000. EVgo announced its first major eXtend project with GM and Pilot Company to add 2,000 stalls at 500 locations. The company ended the quarter with 2,397 stalls operational or under construction and reported a gross loss of $0.7 million and net income of $17 million.

EVgo (NASDAQ: EVGO) has opened its first public fast charging station at milepost 21.3 on the Atlantic City Expressway in partnership with the South Jersey Transportation Authority (SJTA). This new station features four 200 kW fast charging stalls, increasing EVgo's total to 17 locations in New Jersey. The initiative supports the state's goal of registering 330,000 electric vehicles by 2025 as part of a broader electrification strategy. EVgo's network in New Jersey includes 54 stalls, catering to over 60 metropolitan areas and approximately 375,000 customers.

EVgo's PlugShare platform has surpassed 5 million check-ins globally, reflecting a growing EV community. The platform now features over 600,000 charging stations, marking a 50% increase in stations listed year-over-year. This milestone follows the platform's recent achievement of reaching 2.5 million registered users. In the first half of 2022 alone, over 100,000 DC fast charging stations were added, demonstrating PlugShare's critical role in supporting EV adoption and providing drivers with essential real-time information.

EVgo, the leading public fast charging network for electric vehicles, will release its Q2 2022 financial results on August 9, 2022, before market open. Following this, a conference call will take place at 11:00 AM Eastern Time, featuring members of EVgo's management team. Investors can access a live webcast via the Events & Presentations page on the company’s website. With over 850 charging locations powered by 100% renewable energy, EVgo serves more than 375,000 customer accounts across over 60 metropolitan areas.

The City of Philadelphia has partnered with EVgo to enhance public charging access for municipal electric vehicles. This initiative aligns with the city's goal to transition its fleet of 6,400 vehicles to zero emissions by 2030, significantly contributing to its carbon neutrality target by 2050. EVgo, a leader in electric vehicle charging, will provide access to its renewable-powered charging network at discounted rates. In Philadelphia, the fleet will utilize over 30 DC fast chargers and 7 Level 2 chargers located in strategic areas, promoting the use of clean transportation.