<div id="readability-page-1"><p>EVgo, Inc. (NASDAQ:EVGO - Get Free Report)'s stock price was down 6.2% during mid-day trading on Wednesday following insider selling activity. The company traded as low as $3.47 and last traded at $3.49. Approximately 1,199,586 shares were traded  during trading, a decline of 73% from the average daily volume of 4,374,263 shares. The stock had previously closed at $3.72.</p><ul><li>EV Charging Solutions: GM's Move Reflects Industry Challenges</li></ul><p>Specifically,  President Dennis G. Kish sold 73,215 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $3.69, for a total value of $270,163.35. Following the sale, the president now directly owns 72,269 shares in the company, valued at $266,672.61. The trade was a 50.33% decrease in their position. The transaction was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available through this link. Also, President Dennis G. Kish sold 46,785 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $3.75, for a total value of $175,443.75. Following the sale, the president now directly owns 145,484 shares of the company's stock, valued at $545,565. This trade represents a 24.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. </p><h2>Analyst Ratings Changes</h2><p>Several equities research analysts recently weighed in on EVGO shares. UBS Group reduced their target price on shares of EVgo from $8.00 to $5.00 and set a &#34;buy&#34; rating for the company in a research note on Monday, January 27th. Stifel Nicolaus lowered their price target on shares of EVgo from $10.00 to $8.00 and set a &#34;buy&#34; rating for the company in a research report on Thursday, March 6th. Roth Capital  reaffirmed a &#34;buy&#34; rating on shares of EVgo in a research note on Wednesday, May 7th. Evercore ISI cut their price target on EVgo from $7.00 to $4.00 and set an &#34;outperform&#34; rating on the stock in a report on Monday, March 31st. Finally, Cantor Fitzgerald  reissued an &#34;overweight&#34; rating and issued a $8.00 price objective on shares of EVgo in a report on Wednesday, March 5th. One investment analyst  has rated the stock with a hold rating, nine have given a buy rating and two have assigned  a strong buy rating to the company. According to data from MarketBeat, the company  has a consensus rating of &#34;Buy&#34; and an average price target of $6.25.</p><ul><li>The Squeeze Is On For EVGo, Rally To Follow </li></ul><p><b>Get Our Latest Research Report on EVgo</b></p><h2>EVgo Trading Down 6.2%</h2><p>The firm has a market capitalization of $1.07 billion, a P/E ratio of -8.31 and a beta of 2.27. The company has a 50 day simple moving average of $2.90 and a two-hundred day simple moving average of $3.83. </p><ul><li>EVgo Stock is Charged Up to Ride the EV Adoption Wave</li></ul><p>EVgo (NASDAQ:EVGO - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.02. The company had revenue of $75.29 million for the quarter, compared to the consensus estimate of $70.11 million. The firm's revenue for the quarter was up 36.4% on a year-over-year basis. During the same period last year, the company earned ($0.09) EPS.  On average, sell-side analysts expect that  EVgo, Inc. will post -0.45 EPS for the current fiscal year. </p><h2>Institutional Trading of EVgo</h2><p>A number of large investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD lifted its stake in shares of  EVgo by 5.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 86,588 shares of the company's stock valued at $351,000 after purchasing an additional 4,597 shares during the last quarter.  Rhumbline Advisers boosted its holdings in  EVgo by 3.2% during the 4th quarter. Rhumbline Advisers now owns 148,541 shares of the company's stock valued at $602,000 after acquiring an additional 4,622 shares during the period.  Charles Schwab Investment Management Inc. increased its stake in  EVgo by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 298,794 shares of the company's stock worth $1,210,000 after buying an additional 5,377 shares during the period.  Arizona State Retirement System boosted its holdings in shares of  EVgo by 20.1% in the first quarter. Arizona State Retirement System now owns 35,481 shares of the company's stock valued at $94,000 after purchasing an additional 5,945 shares during the period.  Finally, Paloma Partners Management Co increased its stake in shares of  EVgo by 25.0% during the fourth quarter. Paloma Partners Management Co now owns 30,000 shares of the company's stock valued at $122,000 after buying an additional 5,993 shares during the period. 17.44% of the stock is currently owned by institutional investors. </p><h2>EVgo Company Profile</h2> (Get Free Report)<p>EVgo, Inc owns and operates a direct current fast charging network for electric vehicles (EVs) in the United States. The company offers electricity directly to drivers, who access its publicly available networked chargers; original equipment manufacturer charging and related services; fleet and rideshare public charging services; and charging as a service and fleet dedicated charging services.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than EVgo</li><li>What is the FTSE 100 index? </li><li>CrowdStrike Near Breakout: Is Now the Time to Buy?</li><li>3 Home Improvement Stocks that Can Upgrade Your Portfolio</li><li>Rivian Stock Below $20: Charging Up or in the Breakdown Lane?</li><li>What is Short Interest? How to Use It</li><li>Best Utilities Stocks for Stability and Growth in 2025</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in EVgo Right Now?</h2><p>Before you consider EVgo, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EVgo wasn't on the list.</p><p>While EVgo currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

EVGO

<p>EVgo's shares fell 6.2% to $3.49 following insider selling by President Dennis G. Kish, who sold 73,215 shares at $3.69 and 46,785 shares at $3.75. Analysts have mixed ratings, with UBS lowering its target from $8.00 to $5.00, while the consensus rating remains "Buy" with an average target of $6.25. The company reported a quarterly EPS of ($0.09), beating estimates, and revenue of $75.29 million, up 36.4% year-over-year. EVgo's market cap is $1.07 billion, with a P/E ratio of -8.31.</p>

EVgo (NASDAQ:EVGO) Shares Down 6.2% Following Insider Selling