EVgo, Inc.

EVGO

US30052F1003

Electric Utilities

Real-time Estimate Cboe BZX Other stock markets 13:32:52 2025-01-21 EST			5-day change	1st Jan Change
3.215 ^USD	-5.72%		-13.90%	-20.49%

01-08	EVgo Says It Received First Drawdown of $75 Million From US Energy Department Loan to Expand EV Charging Network	MT
12-17	EVgo Shares Fall Premarket After Pricing of Secondary Offering	MT

EVgo Shares Rise 11%, Company Closes $1.25 Billion Loan Facility from Energy Department

December 12, 2024 at 05:43 pm

By Stephen Nakrosis

Shares of electric-vehicle charging company EVgo were trading higher in the after-hours market following news it closed a $1.25 billion loan facility from the U.S. Energy Department.

After the bell Thursday, the company's shares had risen about 11% to trade at $6.90. Volume in the late session topped 2.2 million shares.

The company's stock finished the day's regular session with a 3.8% loss, closing at $6.22.

The company said the loan, made under the department's Title 17 Clean Energy Financing Program, will support nationwide deployment of about 7,500 high-power fast charging stalls. The buildout will bring EVgo's total owned and operated network to at least 10,000 fast charging stalls, the company said.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

12-12-24 1742ET

Latest news about EVgo, Inc.

EVgo Says It Received First Drawdown of $75 Million From US Energy Department Loan to Expand EV Charging Network	01-08	MT
EVgo Shares Fall Premarket After Pricing of Secondary Offering	12-17	MT
EVgo Discloses Secondary Offering of Class A Stock; Shares Fall After Hours	12-16	MT
EVgo Shares Rise 11%, Company Closes $1.25 Billion Loan Facility from Energy Department	12-12	DJ
EVgo, Inc. - Special Call	12-12
EVgo Closes $1.25 Billion DOE Loan Facility to Fund Charging Network Expansion	12-12	MT
EVgo, Inc. Closes $1.25 Billion Guaranteed Loan Facility from U.S. Department of Energy	12-12	CI
EVgo, General Motors Expand Fast-Charging Network to Over 2,000 Stalls	12-04	MT
EVgo to Add Up to 480 Fast-Charging Stations at Meijer Stores in Six States	11-19	MT
EVgo Inc. and Meijer Expand Partnership to Install Up to 480 New Fast Charging Stalls at Meijer Locations Across Midwest	11-19	CI
EVgo Q3 Net Loss Widens, Revenue Gains; Shares Rise Pre-Bell	11-12	MT
EVgo, Inc., Q3 2024 Earnings Call, Nov 12, 2024	11-12
Earnings Flash (EVGO) EVGO Reports Q3 Revenue $67.5M	11-12	MT
Evgo, Inc. Updates Financial Guidance for the Year 2024	11-12	CI
EVgo, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024	11-12	CI
EVgo Expected to Boost New Charging Stall Deployments via DOE Loan Commitment, UBS Says	24-10-10	MT
EVgo Partners With Delta Electronics to Develop Next-Gen EV Charging Architecture	24-10-10	MT
EVgo and Delta Electronics Sign MOU to Co-Develop Next-Generation Charging Architecture	24-10-10	CI
UBS Upgrades EVgo to Buy From Neutral, Adjusts Price Target to $8.50 From $4	24-10-10	MT
RBC Doubles Price Target on EVgo to $8 From $4, Keeps Outperform, Speculative Risk	24-10-09	MT
EVgo Shares Rise After TD Cowen Upgrade	24-10-04	MT
Stocks Rise Pre-Bell Ahead of September Jobs Report; Asia, Europe Gain	24-10-04	MT
TD Cowen Upgrades EVgo to Buy From Hold, Adjusts Price Target to $7 From $5	24-10-04	MT
Top Midday Gainers	24-10-03	MT
TD Cowen Upgrades EVgo to Buy From Neutral, Price Target is $7	24-10-03	MT

Chart EVgo, Inc.

Duration

Period

EVGO: Dynamic Chart

Company Profile

EVgo Inc. provides electric vehicle charging solutions. The Company is engaged in building and operating the infrastructure and tools to serve electric vehicles for individual drivers, rideshare and commercial fleets, and businesses. It has public fast charging networks, featuring over 950 fast charging locations across more than 35 states, including stations built through EVgo eXtend, its white label service offering. It provides transportation electrification through partnerships with automakers, fleet and rideshare operators, retail hosts such as grocery stores, shopping centers, and gas stations, policy leaders, and other organizations. Through its network and service offerings for drivers and partners including EVgo Optima, EVgo Inside, EVgo Rewards, and Autocharge+, it provides charging services. The Company is focused on building ultra-fast chargers. In addition to the provision of EV charging infrastructure, it develops and deploys software-based and value-added services.

Employees

292

Sector

Electric Utilities

Calendar

2025-03-18 - Q4 2024 Earnings Release (Projected)

More about the company