8194460 Why is EVgo stock dropping? [Solved]

Why is EVgo stock dropping?

Stock in electric vehicle charging company EVgo is down after the company reported better- than-expected fourth-quarter sales. The guidance for 2022 looks to be just short of what Wall Street, and the company, expected.

Similarly What does EVgo do? EVgo Inc. (EVgo), formerly Climate Change Crisis Real Impact I Acquisition Corporation, is a public fast charging network for electric vehicles (EVs). The Company’s fast charging network is powered by renewable energy.

Who is EVgo owned by? Founded in 2010, EVgo was acquired by power and energy infrastructure firm LS Power in December 2019 and currently has more than 800 fast-charging locations across 34 U.S. states, catering to over 220,000 customers.

Additionally, Why is EVgo up?

EVgo (NASDAQ:EVGO) stock is charging higher on Tuesday after the company announced a deal with ride-sharing service Uber (NYSE:UBER). Uber drivers looking to recharge their vehicles between trips are already able to access EVgo’s public fast chargers.

Why did EVgo go up today?

Shares of EVgo ( EVGO -3.10% ) climbed on Tuesday after the fast-charging network for electric vehicles (EVs) announced that its PlugShare platform had exceeded 1 million app downloads since the beginning of the year.

Can Tesla use EVgo? Yes! EVgo welcomes all Tesla drivers to fast charge at any of our 800+ EVgo stations using your own Tesla CHAdeMO adapter, or the Tesla connectors available at select locations across the US.

Is EVgo publicly traded? The stock went public on July 2 after its merger with a special purpose acquisition company Climate Change Crisis Real Impact I Acquisition Corp.

How do I invest in EVgo stock? How to buy shares in EVgo

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. …
  5. Purchase now or later. …
  6. Check in on your investment.

Did EVgo stock go public?

EVgo went public in early July through a merger with special-purpose acquisition company (SPAC) Climate Change Crisis Real Impact I Acquisition Corp.

Is EVgo on the NYSE? EVgo trades on the New York Stock Exchange (NYSE) under the ticker symbol « EVGO. »

How many shares of EVgo are there?

Share Statistics

Avg Vol (3 month) 3 3.07M
Shares Outstanding 5 68.74M
Implied Shares Outstanding 6 195.8M
Float 8 67.98M
% Held by Insiders 1 1.35%

Does EVgo work with Tesla? Yes! EVgo welcomes all Tesla drivers to fast charge at any of our 800+ EVgo stations using your own Tesla CHAdeMO adapter, or the Tesla connectors available at select locations across the US.

Who owns EVgo?

The EVgo management and the firm’s prior sole owner, investment company LS Power, have rolled 100% of their equity and now own a combined stake of about 74%.

How long does it take to charge at EVgo?

At EVgo, we believe in fast charging for all. With an EVgo fast charger, most EVs can get up to an 80% charge in about 30 minutes.

How long does it take to charge a Tesla at EVgo? And when you find an EVgo charger that aligns with your grocery shopping or trip to the park, it only takes a minute or two for you to plug in and swipe on the app to start your session, and then the car and the charger do the work while you go run your errand for those 15-60 minutes!

How fast does EVgo charge Tesla? EVgo’s integrated Tesla connectors are capable of providing 100 miles of charge in 30 minutes, which is aligned with the requirements of customers who charge at retail locations.

How many EVgo stations are there in the US?

Today we have more than 850 EV fast charging stations in more than 30 states and the District of Columbia. EVgo also provides EV drivers access to more than 1,900 fast chargers and 29,000 Level 2 chargers through EVgo and our roaming partners, making us the largest public EV fast charging network in the nation.

Who is EVgo? About EVgo

EVgo is the largest public fast charging network for electric vehicles in the nation, and is powered by 100% renewable energy.

What sector is EVgo?

Class A Common Stock (EVGO) Stock Price, Quote, News & History | Nasdaq.

Key Data.

Label Value
Sector Consumer Services
Industry Catalog/Specialty Distribution
1 Year Target $15.00
Today’s High/Low $12.95/$12.26

How much is EVgo debt? Balance Sheet

Cash & Cash Equivalents 521.13M
Total Debt 19.44M
Net Cash 501.69M
Net Cash Per Share $1.85
Book Value -966.98M

 

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