EVgo's Challenges Ahead: Analyst On How Price Competition And Regulatory Credits Could Impact Margins And Returns
Portfolio Pulse from Lekha Gupta
RBC Capital Markets analyst Chris Dendrinos initiated coverage on EVgo Inc with a Sector Perform rating and a price target of $5. Dendrinos believes EVgo's strategy positions it to benefit from trends in vehicle electrification and demand for charging infrastructure. However, he is concerned that price competition and regulatory credits could impact margins and returns. He estimates revenue and adjusted EPS loss of $134.5 million and $(0.47) in FY23, $244.5 million and $(0.38) in FY24 and $331.5 million and $(0.27) in FY25.
September 08, 2023 | 7:23 pm
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RBC Capital Markets analyst Chris Dendrinos initiated coverage on EVgo Inc with a Sector Perform rating and a price target of $5. He is concerned that price competition and regulatory credits could impact margins and returns.
The analyst's concerns about price competition and regulatory credits impacting EVgo's margins and returns could negatively affect investor sentiment, potentially leading to a decrease in the company's stock price in the short term.
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