Evgo Shares Jump 18 After Beating 2q Expectations Raising Guidance

EVgo Shares Surpass Expectations in Q2

Revenue Surges, Benchmark Sets Higher Price Target

Key Points

* EVgo revenue reaches $666 million in Q2, a significant increase from $506 million last year. * Growth of 457% year-over-year. * Analyst firm Benchmark raises price target for EVgo shares. * Fourth-quarter revenue sets a record at $500 million, marking a year-on-year increase. * First-quarter FY24 sales jump 1182% to $551.6 million, surpassing estimates. * Lowering Fair Value Estimate to 2 on Revised Long-Term Assumptions.