Investors Are Charged Up. PRISM Emerging EV Index Leader, EVGO Announces Positive Earnings

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.