EVgo's Q1 Performance Sparks Optimism, Analyst Upgrades Stock
EVgo's Q1 Performance Sparks Optimism, Analyst Upgrades Stock
Cantor Fitzgerald analyst Andres Sheppard upgraded the shares of EVgo Inc (NASDAQ:EVGO) from Neutral to Overweight and lowered the price target from $5 to $4.
坎托·菲茨杰拉德分析师安德烈斯·谢泼德将EVGO Inc（纳斯达克股票代码：EVGO）的股票从中性上调至增持，并将目标股价从5美元下调至4美元。
EVGO reported a first-quarter FY24 sales jump of 118.2% year-on-year to $55.16 million, beating the analyst consensus estimate of $52.389 million. EPS of $(0.09) beat the analyst consensus estimate of $(0.14).
EVGO报告称，24财年第一季度的销售额同比增长118.2％，至5,516万美元，超过了分析师共识估计的5238.9万美元。每股收益（0.09）超过了分析师共识估计的美元（0.14）。
EVgo also announced that Olga Shevorenkova will be stepping down as Chief Financial Officer and departing the company, effective on or about May 31.
EVgo还宣布，奥尔加·舍沃伦科娃将辞去首席财务官的职务并离开公司，自5月31日左右起生效。
Charger utilization average rate was ~19% in 1Q24, and average daily network throughput per stall grew to 193 kWh.
24 年第一季度的充电器平均利用率约为 19%，每个摊位的平均每日网络吞吐量增长到 193 kWh。
This resulted in a total network throughput of 53 GWh, which represents a 194% increase Y/Y.
这使网络总吞吐量达到53 GWh，同比增长194％。
EVGO's Plugshare-registered users increased to more than 5 million as of 1Q24 (vs. ~4.6 million in 4Q23), and the company also added ~109,000 new customer accounts in the quarter, said the analyst.
该分析师表示，截至24年第一季度，EVGO的PlugShare注册用户增至500万以上（而23年第四季度约为460万），该公司在本季度还增加了约10.9万个新客户账户。
The management reaffirmed its target to achieve breakeven Adj. EBITDA in 2025 and the FY24 revenue guidance of $220 million – $270 million.
管理层重申了其目标，即在2025年实现盈亏平衡调整后的息税折旧摊销前利润，以及24财年收入预期为2.2亿美元至2.7亿美元。
The analyst sees the above points as encouraging, and similarly, both the utilization rate and network throughput continue to increase, which, in the analyst's view, provides further validation to EVGO's charging stalls and the company's business model.
分析师认为上述观点令人鼓舞，同样，利用率和网络吞吐量都持续增加，分析师认为，这进一步验证了EVGO的充电摊位和公司的商业模式。
The analyst models EVGO eXtend to constitute about 35% of total revenue in FY24 and for the company to aggressively pursue additional NEVI awards.
分析师认为，EVGO Extend将在24财年占总收入的35％左右，该公司将积极寻求额外的NEVI奖励。
With EVGO's shares down ~51% YTD (vs. SP500 flat), the analyst upgraded the stock based primarily on valuation.
随着EVGO的股价年初至今下跌约51％（SP500 持平），该分析师主要根据估值对该股进行了上调。
Price Action: EVGO shares are trading higher by 9.7% at $1.92 at the last check Thursday.
价格走势：在周四的最后一次支票中，EVGO股价上涨9.7％，至1.92美元。
Photo via Wikimedia Commons
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