Wall Street is Bullish on EVGO, Here’s Why

EVgo, Inc. (NASDAQ:EVGO) is one of the Best Penny Stocks to Buy with the Highest Upside Potential. Wall Street is bullish on EVgo, Inc. (NASDAQ:EVGO) since it released its fiscal second-quarter results for 2025. The company grew its revenue by 47.15% year-over-year to reach $98.03 million, which was ahead of the consensus by $13.55 million. The EPS of negative $0.10, however, fell short of the consensus by $0.01.

Management noted that the quarterly revenue was a record high, driven by strong demand and operational execution. Notably, the company’s charging network revenue reached $51.8 million, marking the 14th consecutive quarter of double-digit year-over-year growth at 46%.

Several analysts have expressed their bullish sentiment for EVgo, Inc. (NASDAQ:EVGO). On September 15, Andres Sheppard from Cantor Fitzgerald reiterated a Buy rating on the stock with a price target of $7. Later on September 21, Bill Peterson from J.P. Morgan also reiterated a Buy rating on the stock with a price target of $7.

EVgo, Inc. (NASDAQ:EVGO) is a leading electric vehicle (EV) fast charging network in the United States, operating more than 1,100 public fast charging stations across 40 states.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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