EVGO
Consumer CyclicalEVgo, Inc. · Specialty Retail · $590M
What is EVgo, Inc.?
EVgo, Inc. operates one of the largest public DC fast charging networks in the United States, serving everyday drivers, fleets, and rideshare operators. Incorporated in 2010 and headquartered in Los Angeles, California, the company has grown alongside the broader EV adoption wave.
EVgo makes money by selling electricity directly to EV drivers through its publicly available fast-charging stations. Beyond retail charging, the company offers fleet and rideshare charging programs, charging-as-a-service contracts, and OEM partnership services. Its eXtend platform extends revenue further through installation, networking, and operations management for third-party charging infrastructure. Ancillary services — including loyalty programs, digital app customization, and microtargeted advertising — round out the business model.
EVgo was incorporated in 2010 and is headquartered in Los Angeles, California.
- Public DC fast charging network for retail EV drivers
- Fleet and rideshare dedicated charging services
- Charging-as-a-service and OEM partnership programs
- eXtend infrastructure installation and operations management
- Loyalty programs, charging reservations, and data integration
Is EVGO a Good Stock to Buy?
UQS Score rates EVGO as Below Average overall, reflecting meaningful structural challenges alongside a standout growth profile.
The Growth pillar is the clearest bright spot — EVgo is expanding its network and revenue base at a pace that stands out even within a fast-moving sector. Risk lands at a Neutral rating, suggesting the company is not in acute financial distress relative to early-stage peers.
Both the Quality and Moat pillars register as Weak, pointing to thin profitability and limited competitive differentiation in a crowded charging landscape. Valuation is rated Elevated, meaning the market is already pricing in considerable optimism.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does EVGO pay dividends?
No — EVgo, Inc. does not currently pay a dividend.
EVgo does not currently pay a dividend. As a growth-stage infrastructure company, capital is directed toward network expansion, new station deployment, and technology development rather than shareholder distributions. Investors drawn to EVGO are typically seeking capital appreciation tied to EV adoption growth, not income.
When does EVGO report earnings?
EVgo reports earnings on a quarterly cadence, consistent with US-listed public companies.
Revenue growth has been a consistent theme in recent quarters as the company adds charging locations and deepens fleet partnerships. Profitability, however, remains a work in progress — operating costs tied to network buildout continue to weigh on bottom-line results.
For the most recent quarter's results and guidance, visit EVgo's investor relations page directly.
EVGO Price History
-80.9% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in EVgo, Inc.?
Based on EVgo, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
EVGO Long-term Outlook
EVgo's Strong Growth pillar signals that the fundamental revenue trajectory remains upward, driven by rising EV penetration across the US and expanding fleet contracts. However, the Weak Quality and Moat ratings temper the longer-term outlook — sustained profitability and defensible market position are not yet established. The Elevated Valuation rating suggests the current share price already reflects a great deal of future growth, leaving limited margin for execution missteps. Neutral Risk indicates the balance sheet is not an immediate concern, but the path to durable profitability will be closely watched.
Growth drivers
- Accelerating US EV adoption expanding the addressable charging market
- Fleet and rideshare partnerships providing more predictable revenue streams
- eXtend platform creating incremental infrastructure services revenue
Key risks
- Weak Moat rating reflects intense competition from rival networks and automaker-owned charging infrastructure
- Elevated Valuation leaves little room for growth expectations to disappoint
- Path to profitability depends on scale that has not yet been fully achieved
EVGO vs Peers
EVgo operates in the Consumer Cyclical sector alongside a diverse set of companies that serve vehicle-related or consumer spending markets.
Betterware is a Mexican direct-to-consumer home products company, competing in a completely different geography and product category from EVgo's US charging infrastructure.
MarineMax is a recreational boat retailer whose revenue depends on discretionary consumer spending rather than energy infrastructure buildout.
Arko operates convenience stores and fuel retail locations, giving it a physical retail footprint that overlaps tangentially with EV charging as fuel alternatives evolve.
Frequently Asked Questions
What does EVgo do?
EVgo owns and operates a network of DC fast chargers across the United States. Drivers pay for electricity at public charging stations, while the company also serves fleets, rideshare operators, and OEM partners through dedicated programs and infrastructure services.
Does EVGO pay dividends?
No, EVgo does not pay a dividend. The company is in a growth and network-expansion phase, reinvesting available capital into new charging locations and technology rather than returning cash to shareholders.
When does EVGO report earnings?
EVgo reports financial results on a quarterly basis, in line with standard US public company practice. For exact dates and the most recent results, check EVgo's investor relations page.
Is EVGO a good stock to buy?
UQS Score rates EVGO as Below Average overall. The Growth pillar is strong, but Weak Quality and Moat ratings alongside an Elevated Valuation mean investors are taking on meaningful risk. The full pillar breakdown is available to UQS Pro members.
Is EVGO overvalued?
The UQS Valuation pillar for EVGO is rated Elevated, suggesting the current price reflects a high level of future growth expectations. That does not mean the stock will fall, but it does mean there is limited buffer if execution disappoints.
How does EVGO compare to its competitors?
EVgo sits in the Consumer Cyclical sector alongside companies like Arko Corp., MarineMax, and Betterware de México. These peers operate in very different end markets, making direct comparison less meaningful — EVgo's closest competitive pressure comes from other EV charging networks and automaker-backed infrastructure.
What is EVGO's market cap bracket?
EVGO is classified as a small-cap stock. That places it in a tier where liquidity can be lower and share price volatility tends to be higher than large- or mega-cap peers.
Who founded EVgo?
EVgo was originally developed as part of NRG Energy before becoming an independent company. Its current corporate structure was incorporated in 2010. Full founding history is publicly available through the company's official disclosures.
Is EVGO a long-term quality investment?
As a long-term quality indicator, the UQS Score rates EVGO Below Average. The Strong Growth pillar is encouraging, but Weak Quality and Moat ratings suggest the company has not yet built the durable profitability or competitive advantages typically associated with high long-term quality scores.
What is the main competitive advantage of EVgo?
EVgo's Moat pillar is rated Weak, indicating limited durable competitive advantage at this stage. Its scale of public fast-charging locations and OEM partnerships provide some differentiation, but the charging infrastructure market remains highly competitive with well-funded rivals.
Is EVGO a growth stock or value stock?
EVGO leans firmly toward the growth category. Its Growth pillar is rated Strong, reflecting rapid network and revenue expansion. However, the Elevated Valuation rating means investors are paying a premium for that growth — it does not screen as a value opportunity under the UQS framework.
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Pro Analysis
EVGO — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| Apr 2, 2026 | 38.2 | 20.0 | 23.0 | 95.5 | 55.8 | 0.0 | — |
EVGO — Pillar Breakdown
Quality
— 3.3/100 (25%)EVgo, Inc. currently shows below-average quality metrics, suggesting challenges with profitability.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 95.5/100 (20%)EVgo, Inc. is growing rapidly with strong revenue and earnings expansion.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Risk
— 63.6/100 (15%)EVgo, Inc. maintains a reasonable risk profile with manageable debt levels.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 0.0/100 (15%)EVgo, Inc. appears expensively valued relative to its fundamentals and growth prospects.
Moat
— 23/100 (25%)EVgo, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for EVGO.
Score Composition
Financial Data
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How is the EVGO UQS Score Calculated?
The UQS (Unified Quality Score) for EVgo, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses EVgo, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether EVgo, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.