EVgo Stock Jumps 27% This Week On Strong Q1 Results And Growth Outlook

EVgo Inc EVGO shares have surged 27% this week to $3.65, fueled by a strong first-quarter earnings report and optimism around the company's growth trajectory.

What To Know: The electric vehicle charging network provider reported a net loss of 9 cents per share—matching analyst expectations and unchanged from the previous year. Revenue grew 36.5% year-over-year to $75.3 million, beating Wall Street's estimate of $71.2 million.

EVgo reaffirmed its full-year revenue guidance of $340–$380 million, aligning closely with the consensus forecast of $351.9 million. CEO Badar Khan noted the company achieved record revenues and significant infrastructure growth, emphasizing progress toward reaching Adjusted EBITDA breakeven by 2025.

Operational highlights included the addition of over 180 new DC fast chargers, bringing the total to 4,240 active charging stalls. Daily network throughput jumped 36% to 266 kWh per stall, and customer accounts rose by 119,000 to 1.4 million.

EVgo also secured $94 million in funding under its $1.25 billion Department of Energy 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.

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 $1.80.