EVgo Stock Explodes After Strong Q1 Results And Revenue Beat

Shares of EVgo Inc EVGO surged 29.5% to $3.59 on Tuesday following the release of its first-quarter 2025 earnings.

What To Know: The electric vehicle charging network provider reported a net loss of 9 cents per share, in line with analyst expectations and unchanged from the prior year. Revenue climbed 36.5% year-over-year to $75.3 million, exceeding estimates of $71.2 million.

The company reaffirmed its full-year revenue guidance of $340–$380 million, aligning with Wall Street's $351.9 million forecast. CEO Badar Khan highlighted record revenues and strong infrastructure growth, adding that EVgo remains on track to achieve Adjusted EBITDA breakeven in 2025.

Operationally, EVgo ended the first-quarter with 4,240 active charging stalls, adding over 180 new DC fast chargers. Daily network throughput rose 36% to 266 kWh per stall. The company also added 119,000 new customer accounts, bringing the total to 1.4 million.

EVgo also secured two advances totaling $94 million under its $1.25 billion DOE loan guarantee, supporting the deployment of 7,500 new fast charging stalls nationwide.

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How To Buy EVGO Stock

By now you're likely curious about how to participate in the market for EVgo – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

In the case of EVgo, which is trading at $3.59 as of publishing time, $100 would buy you 27.86 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, EVGO has a 52-week high of $9.07 and a 52-week low of $1.73.