EVgo Stock Slips After Earnings/ Investors Ponder EV Industry Without Trump’s Support. - Barron's
A 60% drop in stock price indicates severe market negativity, often lasting.
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A 60% drop in stock price indicates severe market negativity, often lasting.
What happened, with direct paths to the underlying reporting
EVgo reported a Q4 adjusted EBITDA loss of $8.4 million. Sales increased to $257 million in 2023 from $161 million. EVgo projects sales of $340 to $380 million in 2025. Investor sentiment towards EV charging stocks remains negative. EVgo shares have dropped nearly 60% since the Nov. 5 election.
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