$EVGO

Fluence Energy (FLNC) reported Q2 revenue of $649.8M, up 7.9% YoY but missing estimates by 18.8%. Its full-year guidance also fell short, causing its stock to drop 43.3% to $8.07. EVgo (EVGO) reported $82.65M in revenue, down 15.7% YoY but beating estimates by 3.5%, with its stock down 23.6% to $1.32. Shoals (SHLS) reported $163.4M in revenue, up 47.4% YoY and beating estimates, with its stock down 9.9% to $8.44.

UBS cut its price target for EVgo (NASDAQ:EVGO) to $2.00 from $3.00, citing lower peer valuations, while maintaining a Buy rating. The stock trades at $1.32, near its 52-week low, down 72% over a year. EVgo reported Q2 2026 revenue of $82.6M, beating estimates but down 15.7% YoY. Adjusted EBITDA was -$10.6M, worse than the prior quarter and year. Stifel also lowered its target to $6.00 but kept a Buy rating.

Tesla introduced Emergency Drive Away, allowing drivers to leave Superchargers quickly but causing potential damage. EVgo unveiled a 750 kW fast-charging system. Flying Pig GSE and HEVO partnered on wireless charging for airport equipment. Harbinger secured a $300M order from FedEx for 2,000 electric trucks. LG Energy Solution and indiGOtech agreed to evaluate battery supply. Toyota opened a battery research center. Wacker showcased battery safety technologies.

EVgo Inc. (EVGO) stock rose 9.51% due to a deal with Regency Centers, tripling its retail charging footprint. The company reported $384M revenue, 85% 3-year CAGR, but negative margins and free cash flow. Analysts note strategic positives but highlight high risk and speculative nature.

U.S. nonfarm payrolls rose by 29,000 in September, below expectations, causing Treasury yields to drop. This eased borrowing costs, benefiting several stocks. EVgo (EVGO) +5.2%, Advanced Energy (AEIS) +3.6%, NN (NNBR) +8.1%, Blink Charging (BLNK) +4.3%, and Ameresco (AMRC) +4.9%. NN's volatility noted, up 200% YTD.

EVgo (EVGO) rose 10% to $1.39, Blink Charging (BLNK) climbed 6% to $0.56, while ChargePoint (CHPT) fell 5% to $9.66 in afternoon trading. No company announcements accompanied the moves, suggesting a rotation within the small group of U.S.-listed EV charging stocks. EVgo's recent gains follow its network expansion plans and a new agreement with Tesla.

ChargePoint (CHPT) rose 7% to $10.16, extending its September gains, driven by strong Q2 results with $116M revenue and improved margins. EVgo (EVGO) fell 3% to $1.29, and Blink Charging (BLNK) slipped 0.45% to $0.56. UBS raised CHPT's price target to $9, citing better-than-expected results. Broader markets and the EV sector ETF (DRIV) saw modest gains.

EVgo Inc. (EVGO) presented at the Lytham Partners conference, highlighting 19-fold revenue growth from 2021 to 2025, 20% utilization (5x industry average), and a Tesla partnership doubling its addressable market. It projects $100M EBITDA by 2028 and $500M by 2030, despite current losses. EVGO operates 5,500 charging stalls with 39.94% gross margin, aiming for 10% revenue per stall growth from 2025 to 2030.

EVgo Inc. (EVGO) projects $500M EBITDA by 2030, driven by partnerships with Tesla and major REITs, and rapid expansion. The company expects utilization rates and addressable market to double, supporting its growth outlook.

EVgo Inc. is expanding its partnership with Regency Centers Corp. to add 400 fast-charging stalls at Regency's shopping centers. The chargers, capable of a 15-minute full charge, will be installed in 8 states. The companies first partnered in 2020, resulting in 150 stalls. No cost figures were provided.