EVgo Raises FY2023 Sales Guidance from $120.00M-150.00M to $148.00M-158.00M Vs. $139.03M
Portfolio Pulse from Benzinga Newsdesk
EVgo has updated its full year 2023 guidance, raising its sales forecast from $120-150 million to $148-158 million. The company also expects to have a total of 3,400 – 3,700 DC fast charging stalls in operation or under construction by the end of 2023.
November 08, 2023 | 12:15 pm
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EVgo has raised its FY2023 sales guidance, which could positively impact investor sentiment and potentially drive the stock price up in the short term.
Companies often see their stock prices increase when they raise their earnings guidance, as this signals to investors that the company is performing well and expects to continue doing so. In this case, EVgo's raised sales guidance for FY2023 could lead to increased investor confidence and a potential rise in the stock price.
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