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EVgo stockThe Motley Fool
•Technology
Technology
74% Informative
EVgo owns one of the largest networks of charging stations for electric vehicles in the United States .
With over 1,100 locations and 3,680 charging ports, it is trying to expand mightily to take advantage of the growth in electric vehicles.
EVgo 's revenue grew 92% year over year to $62.5 million last quarter .
The company's gross margin was actually negative for many years and only recently inflected higher to around 10% , which is still razor thin.
It has a tax credit advantage and a $1 billion loan from the federal government to help increase charging station supply.
That doesn't come without risk, but there is a lot of upside for this stock right now for those that hold over the long haul.
Right now, we’re issuing “ Double Down ” alerts for three incredible companies.
Now is the best time to buy before it’s too late.
VR Score
67
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40
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semi-formal
Language
English
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36
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Attention-grabbing headline
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Time-value
medium-lived
External references
7
Source diversity
3
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