Welcome to our dedicated page for Evgo news (Ticker: EVGO), a resource for investors and traders seeking the latest updates and insights on Evgo stock.
EVgo Inc (NASDAQ: EVGO) operates the largest public electric vehicle fast charging network in the United States, making it a central player in the EV infrastructure expansion story. News about EVgo typically covers network expansion announcements, retail partnership developments, quarterly financial results, and broader trends in electric vehicle adoption across American markets.
As a pure-play EV charging company, EVgo's news flow reflects the rapid evolution of the transportation electrification sector. Investors and industry watchers track EVgo for insights into charging infrastructure buildout progress, usage trends across its network, and partnerships with retailers and property owners who host charging stations.
Key news categories for EVgo include station deployment milestones, technology upgrades to charging equipment, government funding and policy developments affecting EV infrastructure, and financial performance updates. The company's position in the competitive charging market means its announcements often signal broader trends in how Americans adopt and use electric vehicles.
Bookmark this page to follow EVgo press releases, earnings announcements, partnership news, and material events as the company expands its charging network across U.S. markets.
EVgo Inc. reported record first quarter 2024 results with revenue reaching $55.2 million, a 118% increase year-over-year. The network throughput reached 53 GWh, up by 194% year-over-year. The company added 250 new operational stalls, totaling approximately 3,780 stalls in operation or under construction. EVgo also added nearly 109,000 new customer accounts, reaching over 981,000 overall. The company's business model of owning and operating a fast-charging network is driving growth, with plans to achieve adjusted EBITDA breakeven in 2025.
EVgo Inc. (NASDAQ: EVGO) won the 1st Place Leadership Award for Level 3 Electric Vehicle Charging from the Los Angeles Department of Water & Power (LADWP) for its DC fast charging expansion in Los Angeles. The company's network grew by 90% in the metro area, showcasing its commitment to supporting California's climate goals.
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