EVgo Stock Forecast 2023, 2025 to 2030

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Are you interested in knowing about EVgo Stock Forecast 2023, 2025 to 2030? Then this article is a must-read; here, you will find useful information regarding the dynamics and price target of EVgo stock between 2023 to 2030.

EVgo Stock Introduction

The most dreadful feeling for investors is knowing their invested stock has been overvalued. This is why gaining insights and evaluating companies before investing is important for every investor. A thorough research will help you to gain confidence in the company and will enable you to remove all the assumptions and ascertain whether to buy, hold or sell the stock.

This guide will cover an in-depth understanding of EVgo Inc. stock prediction, such as the current price of the stock, investor relationship, the downgrades and upgrades given by technical analysts, and future price predictions. If you want to invest in EVgo stocks or if EVgo is already in your investment portfolio, then you can learn a lot of important details and insights from this guide.

EVgo Stock prediction between 2023 to 2030 is shown in the below table as made by the technical analysts and market experts:

Year           Price Target
2023                $10.04
2025               $20.64
2030                $19.90

EVgo Stock Forecast 2023

EVgo Stock prediction for 2023 shows an upward trend. The price prediction of EVgo between May to August will vary between $7.51 to $6.63. Between September to November, the EVgo price target will be in the range of $6.89 to $9.24. By the end of December 2023, EVgo stock will reach around $10.04 In 2025. This average price prediction of EVgo stock by the end of 2023 represents an increase of +20.69% from its last year’s stock price. As of 6th April 2023, the current stock price of EVgo is around $6.49 respectively.

EVgo Stock Forecast 2025

Regarding EVgo Stock Forecast 2025 market analysts predict that by the first quarter of 2025, EVgo stock price will vary between $11.93 to $12.12. In the second quarter of 2025, EVgo’s monthly stock prediction will rise high to a price range of $12.12 to $15.82. In the third quarter of 2025, it is expected that EVgo’s monthly stock prediction will be between $17.21 to $17.97, respectively. By December 2025 the maximum trading price of EVgo will reach $20.64. 

EVgo Stock Price Prediction 2030

According to market analysts and technical experts EVgo Stock price forecast for 2030 shows that the average stock forecast is supposed to be $19.60. In a good economic situation, the highest EVgo Inc. stock forecast can rise to $19.90. In the case of a bearish market, the lowest trading price of EVgo Inc. stock will be around $6.3896 respectively.

This average price prediction of EVgo stock in 2030 represents an increase of +202.08% from last year’s stock price of around $6.49. In the first quarter of 2030, the highest EVgo stock price will differ between $7.91 to $8.55. By the second quarter of 2030, EVgo Inc. Stock prediction will range around $9.84 to $5.97, respectively.

In the third quarter of 2030, EVgo price prediction is supposed to be $6.62 to $6.99. By December 2030, market analysts predict the EVG stock price target will reach $19.93.

EVgo Revenue

EVgo Inc. was launched in 2010 with +2800 stalls operating or under construction. EVgo stock rose by 22% after the firm reported its revenue in the fourth quarter of 2022. The net loss of the company in 2022 accounted for $106.2 million. The company’s revenue increased to $54.6 million in 2022 from $22.2m as reported in 2021. This figure states that there has been a 146% hike in the revenue of EVgo compared to the last year.

The retail charging revenue generated by the company in 2022 accounts for $18.9 million which was $11 million in 2021. The commercial charging revenue of the company rose by 39% from $2.4 million in 2021 to $3.4 million in 2022. According to the company, EVgo is predicted to generate a revenue of $105 to $150 million in 2023. The company also predicts reducing its net loss to between $60 million-$78 million this year.

EVgo Investor Relations

EVgo Inc. owns and operates a public direct fast charging network in the United States. The network of charging stations owned by EVgo Inc. offers electric vehicle charging infrastructure to businesses and consumers. Its charging network can charge all-electric vehicle models in the United States. Evgo has partnered with regional and national chains of grocery stores, hotels, automotive original equipment manufacturers, local governments, gas stations, shopping centers, independent property owners, and parking lot operators to locate and deploy its electric vehicle charging infrastructure.

In the current growing electric vehicle charging marketplace, EVgoispoised itself to be an industry leader. The company has partnered with companies like General Motors, Uber, Subaru, and many others large alliances. The customer base of EVgo Inc. is constantly growing. EVgo works with top automotive partners like Tesla, BMW, Hyundai, Ford, Kia, Nissan, and Chevrolet for providing electric vehicle charging solutions inaccessible to one of the largest public fast charging networks in the nation. EVgo is headquartered in, California, and has seven investors including the Wellington management and the California Energy Commission.


According to technical analysis, EVgo has 57.89% of buy recommendations, and the rest, 42.11%, have either hold or sell recommendations. Even though EVgo is growing at a rapid rate, it is many years far behind in being an absolutely profitable company in the market.

The customer account of EVgo is growing rapidly over the past six quarters. In short, the company is progressing gradually and has good growth potential considering the rise in demand for charging infrastructure and the increase in electric vehicles. However, EVgo stock is suitable only for investors and traders who have a high appetite for risk.

Frequently Ask Questions (FAQ)

Why Is Evgo Stock Dropping?

EVgo stock is dropping because it has not been listed for several years, and the current market is yet to learn about the performance of this business. It has a slow revenue growth from its business point of view.

Is EVgo Stock A Good Buy?

EVgo may not be a good choice to add to your investment portfolio because its future stock price is expected to see a downward trend by market analysts.

When Is EVgo Going Public?

EVgo went public on 2nd July 2021 through a merger with a SPAC, or special purpose acquisition company, and since then, the share price of EVgo is dropping by almost 40%.


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