Evgo Inc. Stock Price, News & Analysis

EVgo Inc. (NASDAQ: EVGO), a leading public fast charging network for electric vehicles, has appointed Paul Dobson as Chief Financial Officer, effective October 1, 2024. Dobson brings over 30 years of experience in finance and operations, particularly in the energy sector. He most recently served as CFO of Ballard Power Solutions. In his new role, Dobson will focus on solidifying EVgo's path to profitability while expanding its nationwide network.

CEO Badar Khan expressed confidence in Dobson's ability to lead EVgo's finance function and contribute to the company's growth. Dobson's previous experience includes roles at Hydro One, Direct Energy , and CIBC. He holds an MBA from the University of Western Ontario and is a CPA, CMA.

EVgo and General Motors are expanding their collaboration to deploy 400 fast charging stalls at flagship destinations across major U.S. metropolitan areas. These new stations will feature 350kW fast chargers, ample lighting, canopies, pull-through stations, and security cameras. Most flagship stations will have up to 20 stalls, with some locations offering even more. The stations will be co-branded by EVgo and GM Energy and located near amenities like shopping and dining.

The first flagship location is expected to open in 2025. This initiative is part of a larger plan to build a total of 2,850 DC fast charging stalls. EVgo and GM celebrated the opening of their 1,000th fast charging stall in August 2023 and aim to install their 2,000th stall by the end of 2024.

EVgo Inc. (Nasdaq: EVGO), a leading public fast charging network for electric vehicles, has announced a virtual town hall on October 2, 2024, at 8:30AM ET. CEO Badar Khan will host the event, answering questions from current and prospective shareholders about the business, EV industry future, and strategy for shareholder value generation.

The town hall, moderated by VP of Investor Relations Heather Davis, will be accessible at https://investors.evgo.com/overview/default.aspx. This unique opportunity allows shareholders of any size to engage directly with the CEO. Questions can be submitted until September 25th at 10:00AM ET through a provided link.

Khan expressed enthusiasm about opening dialogue with shareholders and customers, sharing his perspective on EVgo and the EV industry's future.

EVgo Inc. (NASDAQ: EVGO), a major public fast charging network for electric vehicles, has announced significant network enhancements through its EVgo ReNew™ program. Key improvements include:

1. Equipment upgrades: Over 500 stalls across 20+ states upgraded or replaced since 2022, with plans for 150 more in 2024.
2. High-power charging: 115% increase in 350kW chargers over the past year.
3. Larger stations: 80% increase in sites serving 6+ vehicles.
4. New Canary Model: A data-driven tool for faster diagnostics and repairs.
5. Reduced repair times: 67% reduction in mean time to repair since Q1 2023.
6. Enhanced software: Improved cable monitoring and connectivity.
7. Extensive testing: Interoperability testing on 70+ EV models.

These enhancements aim to improve customer experience and strengthen EVgo's market position amid growing competition.

EVgo Inc. (Nasdaq: EVGO) reported record second quarter 2024 results, with revenue reaching $66.6 million, a 32% year-over-year increase. The company achieved its 6th consecutive quarter of triple-digit year-over-year network throughput growth, reaching 66 GWh, a 164% increase. Charging network revenue grew 146% year-over-year to $36.4 million. EVgo added over 220 new operational stalls, ending the quarter with approximately 3,440 stalls in operation. The company gained over 131,000 new customer accounts, surpassing 1 million total accounts. EVgo raised the midpoint of its total revenue guidance by $10 million, now projecting $240-$270 million for 2024. The company's Adjusted EBITDA guidance is ($44)-($34) million.

EVgo Inc. (NASDAQ: EVGO), a leading public fast charging network for electric vehicles, has expanded its leadership team with experienced talent from Tesla and General Motors. The new hires include:

1. Martin Sukup (former Tesla) as Executive VP of Engineering
2. Jeff Inhofer (former Tesla) as VP of Electric Vehicle Supply Equipment Engineering
3. Alex Keros (former GM) as Senior VP of Product (effective August 12, 2024)

These additions aim to strengthen EVgo's position as the charging network of choice amid a shifting competitive landscape. The new leaders will focus on developing next-generation charging architecture to enhance customer experience and achieve cost efficiencies.

EVgo Inc. (Nasdaq: EVGO), a leading public fast charging network for electric vehicles in the US, has announced its plans to release second quarter 2024 financial results on Thursday, August 1, 2024. The company will host a webcast at 8 a.m. PT (11 a.m. ET) on the same day to discuss the results. Investors and interested parties can access the live webcast through EVgo's investor relations website. For those unable to join the webcast, a toll-free call-in option is available. The press release containing financial results and the presentation will be accessible on EVgo's website prior to the webcast, with an archive available afterwards.

EVgo and Regency Centers have announced the opening of a new fast charging station at Blakeney Town Center in Charlotte, North Carolina, situated at 9870 Rea Rd near Interstate 485.

This expansion is part of their ongoing partnership started in 2020, which has resulted in over 120 public fast charging stalls across 40 locations in 10 states. The new station features high-power 350kW fast chargers, capable of charging two vehicles simultaneously.

The initiative is supported by the North Carolina Department of Environmental Quality and General Motors. The companies plan to open more than 20 new fast charging stalls over the next year, with further locations anticipated in Maryland, Massachusetts, and Texas.

Mark Peternell, VP of Sustainability at Regency Centers, highlighted the stations as an amenity that supports EV adoption and sustainability goals.

EVgo (NASDAQ: EVGO), a prominent public fast-charging network for electric vehicles, has appointed Keith Hutchison as its first Chief People Officer (CPO). Hutchison, with over 20 years in HR within the energy and EV sectors, will oversee the entire employee lifecycle including attraction, recruitment, development, retention, and rewards. This strategic hiring move comes amid significant shifts in the EV charging industry's competitive landscape, aiming to position EVgo as an employer of choice. Hutchison's previous roles include CPO at Tritium and Chief HR & Diversity Officer at National Grid USA, where he led recognized people-focused initiatives.