Aug. 1 at 4:31 PM
$EVGO "EVgo, is one of the Best American Penny Stocks to Buy According to Analysts. On July 15, Chris Dendrinos from RBC Capital maintained a Buy rating on EVgo.
The company beat expectations during its fiscal first quarter results. EVgo delivered revenue of
$75.29 million, up 36.5% and ahead of expectations by
$3.91 million. This was a record quarterly revenue driven by a 49% rise in Charging network revenue. Moreover, Network throughput reached 83GWh, marking a 60% jump year-over-year. Management noted that over 180 new charging stalls were added, ending the quarter with 4,240 stalls in operation. The company reaffirmed its FY2025 guidance and is expecting revenue between
$340 million and
$380 million."