EVgo Q3 Network Throughput Reached A Record 37GWh, +20% Y/Y
Portfolio Pulse from Benzinga Newsdesk
EVgo's Q3 network throughput reached a record 37 gigawatt-hours (GWh), a 208% increase year-over-year. The company ended the quarter with approximately 3,400 stalls in operation or under construction, including EVgo eXtend™ stalls, with over 240 new stalls added during the quarter. They also added over 106,000 new customer accounts, reaching more than 785,000 overall at the end of the quarter.
November 08, 2023 | 12:03 pm
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POSITIVE IMPACT
EVgo's strong Q3 performance, with record network throughput and significant growth in customer accounts and stalls, indicates a positive outlook for the company.
EVgo's record network throughput and the significant increase in customer accounts and stalls in operation or under construction indicate strong demand for their services. This could lead to increased revenues and profitability, positively impacting the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100