EVgo Inc. Class A Common Stock (EVGO)

FairStock Score: 35/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses that earn money and sell for less than they are worth. EVgo does not yet fit that description. It owns and operates a U.S. direct-current fast-charging network, and the top line has scaled: filed figures show revenue of $161.0M in fiscal year 2023, $256.8M in fiscal year 2024, and $384.1M in fiscal year 2025. But the bottom line has never followed: net losses were $42.4M, $44.3M, and $41.6M in those same years. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $82.6M and net loss was $20.8M, a negative 25.13% margin; revenue also fell from $98.0M in fiscal Q2 2025, while the loss widened from $13.0M. FairStock's calculations show a Piotroski F-Score of 3/9, an Altman Z-Score of 0.74, return on equity of -34.56%, and trailing free cash flow of -$193.3M, a -27.6% FCF yield. Debt-to-equity is 1.34, and beta is 2.84, so this is not a sleepy utility. At the 2026-10-13 close, the stock was $1.13, near the 52-week low of $1.07; it may look cheap versus the $4.73 high, but P/B is 6.79 and there is no meaningful P/E because earnings are negative. A charging network can have local scale and contracts, but I see no durable moat when the business loses money on every revenue dollar. Without evidence of pricing power, cash generation, or a balance-sheet cushion, this remains a speculative turnaround, not a Graham-style bargain.

In plain English: EVgo runs fast-charging stations for electric cars in the U.S. The business has grown sales over the past few years but still loses money, burns cash, and just had a quarter where sales fell from a year earlier. At $1.13 on 2026-10-13, the price is near its 52-week low; based on the numbers shown, it does not look cheap because there are no profits and the finances look weak.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer