EVGO

EVgo Inc - Ordinary Shares - Class A

Industrial/Transportation, TMT


Presented:06/08/2022
Price:$9.51
Cap:$2.52B
Current Price:$7.63
Cap:$0.82B

Presented

Date06/08/2022
Price$9.51
Market Cap$2.52B
Ent Value$2.97B
P/E RatioN/A
Book ValueN/A
Div Yield0%
Shares O/S264.80M
Ave Daily Vol2,694,993
Short Int30.13%

Current

Price$7.63
Market Cap$0.82B
EVgo, Inc. engages in the provision of electric vehicle charging station services. It offers the EVgo network, home charging solutions, work charging solutions, and freedom station plans to electric car owners. The company was founded in October 2010 and is headquartered in Los Angeles, CA.

Publicly traded companies mentioned herein: EVgo Inc (EVGO), General Motors Company (GM), Tesla Inc (TSLA)

Highlights

The presenter is short shares of EVgo Inc (EVGO), America’s largest public electric vehicle charging technology company. The $2.5B market cap company trades at 88x revenues and has not experienced nearly the share depreciation that its competitors Blink or Volta have this year (35% and 69% down respectively compared to just ~10% for EVGO). The presenter feels that the company is poorly positioned to meet its revenue guidance for this year and has concerns both about the company’s growth strategy and the secular viability of widespread public chargers in today's utilities ecosystem. 

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Idea Discussion

Commentor 1 - 2 weeks ago

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