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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Source: shutterstock.com/Nixx Photography Sono Motors (NASDAQ: SEV ) stock is falling hard on Friday after the company revealed plans to terminate its solar electric vehicle (EV) program. According to a news relea...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Source: Felipe Sanchez / Shutterstock.com Layoffs have been a defining market trend of 2023 and they aren’t stopping yet. Yesterday, electric vehicle (EV) charging company EVgo (NASDAQ: EVGO ) announced it will...
EVgo ( NASDAQ: EVGO ) on Thursday said it will cut 40 jobs and look into directing the company's resources towards matters with "highest priorities" for 2023, including building out its public network in crucial locations. Shares -1.3% at $6.18 after hours. ȁ...
Summary EVgo has more fast charging stations compared to ChargePoint. The company needs a massive amount of external capital until there is enough revenue to sustain the business. For 2022, EVgo expects its revenue to range between $48-$55 million, 118% higher compared to the previo...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips This week, electric vehicle drivers received some excellent news that isn’t helping EV stocks so far. President Joe Biden’s administration is doubling down on EV charging infrastructure , with the goal of ...
EVgo’s proprietary digital coupon platform now expanding to deliver on-the-spot promotions to customers charging at participating Cumberland Farms and Wawa locations EVgo Inc. (NASDAQ: EVGO), one of the nation’s largest public fast charging networks for electric vehicles (...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips EV charging infrastructure stocks seem to have an impressive future. The shift to electric vehicles has been a major focus for the global community and shows no signs of stopping. Consequently, electric vehicle charging infra...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Wall Street is slowly coming around to three ideas that I’ve advocated for months: the notion that most stocks can only go up when the Fed is cutting interest rates is ridiculous, America is not headed for a recession, a...
Summary ChargePoint could see 60% or higher revenue growth as EV sales grow and government funding aids network expansion in FY24. Although forward revenue growth is strong, ChargePoint's operating expenses and margin profile may keep losses elevated. Operating expenses total nearly...
Summary ChargePoint has been able to demonstrate its ability to attract large customers and grow their spending over time. The company has a resilient "land & expand business" model, with 50% upfront revenue and 50% recurring revenue. Management reiterates that they expect free ...
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2024-07-12 08:15:04 ET Benchmark analyst issues BUY recommendation for EVGO on July 12, 2024 06:58AM ET. The previous analyst recommendation was Buy. EVGO was trading at $3.37 at issue of the analyst recommendation. The overall analyst consensus : BUY. Current analys...