EVGO Forecast


Bullish Case: Buoyed by EVgo's strategic partnerships with Chase and expanding Autocharge+ to 50+ EV models, the company is positioned to capitalize on accelerating EV adoption, potentially boosting usage rates and revenues.


Bearish Case: Amid trading at less than a third of its price 60 days ago, with high volatility and insider sales, EVgo faces challenges of low investor confidence and a possibly deteriorating financial outlook.


Potential Outcomes:

1. 70% chance increased EV adoption boosts usage;

2. 50% likelihood investor confidence weakens further, pressuring stock;

3. 40% chance strategic initiatives fail to translate to higher profitability.


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May 07, 2024


EVgo Forecast

EVGO        EVgo
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











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