EVgo jumps on upbeat 2025 revenue forecast, Q1 revenue beat

Evgo

06/05/2025 18:21

** Shares of electric-vehicle charging company EVgo EVGO.O  rise 33% to $3.7

** Co reports Q1 revenue of $75.29 million vs estimate of $71.23 million - as per LSEG data

** Posts adj net loss of 9 cents per share in Q1, in line with analysts' estimates

** EVGO expects 2025 revenue in the range of $340 mln to $380 mln, the mid-point of which is above analysts estimate of $351.88 mln

** "We anticipate being minimally impacted by tariffs, and we remain focused on achieving adjusted EBITDA breakeven in 2025, while investing in growth, including our next generation charging experience" - CEO Badar Khan

** Including session's move, EVGO stock down 10.7% YTD

 (Reporting by Priyanka.G in Bengaluru)

 ((priyanka.g@thomsonreuters.com;))