Fintel stories that on May 24, 2023, Northland Capital Markets maintained protection of EVgo Inc – (NASDAQ:EVGO) with a Market Perform advice.
Analyst Price Forecast Suggests 133.66% Upside
As of May 11, 2023, the typical one-yr value goal for EVgo Inc – is 9.09. The forecasts vary from a low of 6.26 to a excessive of $12.60. The common value goal represents a rise of 133.66% from its newest reported closing value of three.89.
See our leaderboard of corporations with the most important value goal upside.
The projected annual income for EVgo Inc – is 153MM, a rise of 112.61%. The projected annual non-GAAP EPS is -0.45.
What is the Fund Sentiment?
There are 340 funds or establishments reporting positions in EVgo Inc -. This is a lower of 17 proprietor(s) or 4.76% within the final quarter. Average portfolio weight of all funds devoted to EVGO is 0.08%, a rise of three.96%. Total shares owned by establishments decreased within the final three months by 8.63% to 39,953K shares. 
The put/name ratio of EVGO is 0.45, indicating a bullish outlook.
What are Other Shareholders Doing?
Allianz Asset Management holds 3,358K shares representing 3.29% possession of the corporate. No change within the final quarter.
Pictet Asset Management holds 2,658K shares representing 2.60% possession of the corporate. In it is prior submitting, the agency reported proudly owning 2,530K shares, representing a rise of 4.82%. The agency decreased its portfolio allocation in EVGO by 13.35% during the last quarter.
PBW – Invesco WilderHill Clean Energy ETF holds 2,476K shares representing 2.43% possession of the corporate. In it is prior submitting, the agency reported proudly owning 1,588K shares, representing a rise of 35.86%. The agency elevated its portfolio allocation in EVGO by 54.02% during the last quarter.
LMR Partners LLP holds 2,309K shares representing 2.26% possession of the corporate. In it is prior submitting, the agency reported proudly owning 1,234K shares, representing a rise of 46.56%. The agency elevated its portfolio allocation in EVGO by 189.46% during the last quarter.
Banque Pictet & Cie holds 2,299K shares representing 2.25% possession of the corporate. In it is prior submitting, the agency reported proudly owning 2,373K shares, representing a lower of three.22%. The agency elevated its portfolio allocation in EVGO by 47.27% during the last quarter.
EVgo Background Information
(This description is supplied by the corporate.)
EVgo is the nation’s largest public quick charging community for electrical autos, and the primary to be powered by 100% renewable power. With greater than 800 quick charging places, EVgo’s owned and operated charging community serves over 68 metropolitan areas throughout 35 states and greater than 300,000 buyer accounts. Founded in 2010, EVgo leads the way in which on transportation electrification, partnering with automakers; fleet and rideshare operators; retail hosts similar to accommodations, procuring facilities, gasoline stations and car parking zone operators; and different stakeholders to deploy superior charging expertise to broaden community availability and make it simpler for drivers throughout the U.S. to get pleasure from the advantages of driving an EV. As a charging expertise first mover, EVgo works carefully with enterprise and authorities leaders to speed up the ever present adoption of EVs by offering a dependable and handy charging expertise near the place drivers stay, work and play, whether or not for a day by day commute or a business fleet.
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