EVGO Forecast


Bullish Case: EVgo’s revenue growth, increasing EV infrastructure, and alignment with federal initiatives reflect significant upside potential. AI forecast hints at price stabilization.


Bearish Case: Persistent EBITDA losses, volatility, and mean-reverting price history indicate challenges. High volatility and negative historical returns suggest further declines possible.


Potential Outcomes: 60% EV infrastructure boost via federal initiatives boosts sales. 40% margin pressures persist. 50% EV adoption accelerates usage; 60% risk institutional retreat pressures stock.


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June 30, 2024


EVgo Forecast

EVGO      EVgo











Correlated Assets

Assets that tend to move strongly with EVGO



NTLA Forecast + Options Trading Strategies   NTLA  Intellia Therapeutics (0.94)


FLGT Forecast + Options Trading Strategies   FLGT  Fulgent Genetics (0.94)


PACB Forecast + Options Trading Strategies   PACB  Pacific Biosciences of California (0.94)


CRSR Forecast + Options Trading Strategies   CRSR  Corsair Gaming (0.93)


AVXL Forecast + Options Trading Strategies   AVXL  Anavex Life Sciences (0.92)



Uncorrelated Assets

Assets with little price relationship to EVGO



IONS Forecast + Options Trading Strategies   IONS  Ionis Pharmaceuticals (0.0)


TEX Forecast + Options Trading Strategies   TEX  Terex (0.0)


HIBS Forecast + Options Trading Strategies   HIBS  Direxion Daily S&P 500 High Beta Bear 3X Shares (0.0)


DHR Forecast + Options Trading Strategies   DHR  Danaher (0.0)


XLRE Forecast + Options Trading Strategies   XLRE  Real Estate Select Sector SPDR (0.01)



Anticorrelated Assets

Assets that tend to move strongly against EVGO



MCK Forecast + Options Trading Strategies   MCK  Mckesson (-0.87)


STNG Forecast + Options Trading Strategies   STNG  Scorpio Tankers (-0.87)


PGR Forecast + Options Trading Strategies   PGR  Progressive (-0.89)


FRO Forecast + Options Trading Strategies   FRO  Frontline (-0.89)


YCS Forecast + Options Trading Strategies   YCS  ProShares UltraShort Yen (-0.91)





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