NasdaqGS:EVGOSpecialty Retail
EVgo (EVGO) Stock Faces Cash Runway Doubts Despite Charging Revenue Growth
EVgo stock dropped about 12% to US$1.53 into Thursday, extending a weak 30 day stretch and setting a low bar for this earnings print. The market focused on the red ink, with Q2 2026 delivering a basic loss per share of US$0.15 and net loss of US$20.8m.
Looking past the near term pain presents a different picture. Charging network revenue was US$61m, and management is guiding to US$400m to US$430m of revenue for 2026 with an adjusted EBITDA loss that could narrow by year end. This quarter...