New York, March 06, 2024 - PRISM MarketView - Today electric charging solutions company EVgo, Inc. (EVGO), announced Q4 and FY 2023 earnings results. Q4 revenues increased 83% year-over-year to $50M as FY 2023 revenue was $161M, zooming past the high end of its guidance range. The company closed out the year with ~3,550 stalls in operation or under construction and totaled 884,000 new customer accounts. The company is currently trading up ~18% post its earnings conference call and is leading the PRISM Emerging EV Index.
EVgo is a leading provider of electric vehicle (EV) charging solutions in the United States. Founded in 2010, EVgo has emerged as a pivotal player in the rapidly growing EV market, aiming to facilitate the transition to sustainable transportation by providing reliable, convenient, and accessible charging infrastructure. The company operates a network of fast charging stations strategically located along major highways, in urban centers, and at key destinations, enabling EV drivers to conveniently charge their vehicles while on the go.
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