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Is EVgo, Inc. (EVGO) the Best Penny Stock to Buy for 2025?

We recently compiled a list of the 10 Best Penny Stocks to Buy for 2025. In this article, we are going to take a look at where EVgo, Inc. (NASDAQ:EVGO) stands against the other penny stocks.

The US stock market has been on a roll owing to a powerful rally in the technology sector. The S&P 500 has gained more than 23%, driven by gains in mega-cap stocks amid the artificial intelligence frenzy. Likewise, the gains have come amid a resilient US economy that has steered clear of recession. Improving monetary policy outlook on the US Federal Reserve cutting interest rate has also strengthened investor sentiments on equities.

While small-cap stocks have lagged behind the overall market, they are drawing special attention as most appear to be trading at highly discounted valuations. Often considered speculative investments due to their low price point and smaller market presence, penny stocks are turning out to be attractive investment plays heading into 2025.

READ ALSO: 10 Best Stocks to Buy According to Billionaire D.E. Shaw and 10 Best Stocks to Buy According to Billionaire David Einhorn.

According to VettaFi’s Todd Rosenbluth, 2025 could be the year for small-cap stocks that have lagged the overall market but are backed by solid underlying fundamentals.

“Small caps are going to become more in favor in 2025,” Rosenbluth said on CNBC’s “ETF Edge”. “They started to perk up since the election and are heading into the election as interest rates have been coming down.”

There is an increased focus on the best penny stocks to buy for 2025, as most are trading at discounted valuations. The discounted valuations come as the Russell 2000 is only up 11% for the year compared to a 23% gain for the S&P 500. The fact that penny stocks offer the potential for long-term capital appreciations supported by durable profit growth affirms why they are solid long-term plays. Fundstrat Global Advisors’ managing partner, Tom Lee, has already reiterated that small-cap stocks are trading at a discount with a medium price-to-earnings multiple of 10.

“Since 1987, small caps have traded on a medium P/E basis to a premium of the S&P 500. The S&P is at 17 times. I think small caps could in the next couple of years outperform by more than 100%,” Lee said in an interview with CNBC.

New Street Advisors CEO Delano Saporu shares similar sentiments; he believes small-cap stocks are well poised to outperform in 2025, having underperformed over the past year. Ever since Donald Trump won the election, penny stocks have advanced amid growing enthusiasm around the potential easing of regulations on businesses.

Profit taking in the magnificent seven stocks and other large-cap stocks on a roll is expected to benefit penny stocks. In addition, the outlook for penny stocks remains solid as investors rotate out of money market accounts as the Federal Reserve cuts interest rates as part of the easing policy spree.

Amid the profit-taking spree, the best penny stock to buy for 2025 should offer a way of diversifying an investment portfolio. By taking a small portion of an extensive portfolio and focusing on high-risk reward opportunities in penny stocks, investors can position themselves for solid returns in case of a breakout.

Our Methodology

To make our list of Best Penny Stocks to Buy for 2025, we scanned the US markets for stocks trading for less than $5. We settled on stocks with solid underlying fundamentals and tremendous upside potential. Finally we ranked the stocks in ascending order based on their upside potential.

Note: All data is as of December 27, 2024

At Insider Monkey, we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

A businessman plugging in to a public charging station, symbolizing the services provided by the company.

EVgo, Inc. (NASDAQ:EVGO)

Stock Upside Potential: 90.98%

Number of Hedge Fund Holders: 17

EVgo, Inc. (NASDAQ:EVGO) is a unique retail company that owns and operates a direct current fast charging network for electric vehicles (EVs). It offers electricity directly to drivers, who access its publicly available networked chargers, original equipment manufacturer charging and related services. It is one of the best penny stocks to buy for 2025 amid the electric vehicle revolution in the auto industry.

As more electric cars hit the road, EVgo stands to be one of the biggest beneficiaries owing to its robust charging station network. The stock is up by over 24% in 2024, affirming strengthened investors’ confidence about its long-term prospects. The rally comes on the company securing a conditional commitment of a $1.05 billion loan guarantee from the Department of Energy.

The $1.05 billion paves the way for EVgo, Inc. (NASDAQ:EVGO) to accelerate the expansion of its EV charging network. While the company already has over 1,000 fast-charging locations across 40 states, it is well poised to strengthen its revenue base with the expansion drive. EVgo’s long-term prospects have also been boosted by signing a strategic partnership with grocery retailer Meijer. The deal paves the way for the deployment of 480 new public fast-charging stalls at Meijer properties.

In the third quarter, the company opened 270 new stalls, and the amount of work they handled more than doubled. EVgo, Inc. (NASDAQ:EVGO) also reported a 92% year-over-year revenue increase as it raised its full-year revenue guidance to between $250 million and $265 million, affirming underlying growth.

Overall EVGO ranks 2nd on our list of the best penny stock to buy for 2025. While we acknowledge the potential of EVGO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than EVGO but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock

Disclosure: None. This article is originally published at Insider Monkey.

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 100+% Return within 12 to 24 months.

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A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…