EVGO Should I Buy
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EVgo Inc. (EVGO) is not a strong buy at the moment for a beginner investor with a long-term strategy. The technical indicators are bearish, insider selling is significantly high, and the stock's short-term trend suggests further downside. While the company has shown revenue growth and improvements in gross margin, its negative EPS and net income remain concerns. Additionally, there are no strong proprietary trading signals or significant positive catalysts to support an immediate buy decision.
The technical indicators for EVGO are bearish. The MACD histogram is below zero and negatively contracting, the RSI is neutral at 39.717, and the moving averages are in a bearish alignment (SMA_200 > SMA_20 > SMA_5). The stock is trading below key pivot levels, with support at $2.699 and resistance at $3.005. Short-term trends suggest a 30% chance of further downside over the next week and month.
EVgo's plan to build at least 150 fast charging stalls annually at Kroger locations through 2035 is a long-term growth driver. Revenue increased by 36.67% YoY in Q3 2025, and gross margin improved significantly to 10.1%.
Insider selling has increased by 196% over the last month, indicating a lack of confidence from company insiders. The stock's EPS dropped by 18.18% YoY, and net income remains negative at -$12.32M. The stock has a bearish technical setup and a weak short-term trend.
In Q3 2025, EVgo's revenue increased to $92.3M, up 36.67% YoY, and gross margin improved to 10.1%, up 415.31% YoY. However, net income remains negative at -$12.32M, and EPS dropped to -$0.09, down 18.18% YoY.
No recent analyst rating or price target changes were provided. Wall Street sentiment appears neutral, with no significant trading trends from hedge funds and increased insider selling.
