Reported 1 day ago
EVgo, a prominent EV charging network provider, went public in 2021 but has struggled to meet growth expectations, with its stock price declining significantly. Despite a notable revenue increase from $22 million in 2021 to $161 million in 2023, the company reported negative adjusted EBITDA and faces stiff competition from established players like Tesla and ChargePoint. Analysts predict a growth rate of 44% from 2023 to 2026, but insider selling and increased share counts suggest caution. Currently, it may be wiser for investors to sell or hold rather than buy.
Source: YAHOO