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EVgo Q4 Earnings: Not An Exciting Quarter

 

  • EVgo is rallying on a quarterly revenue beat, but the company continues to pile on large losses.
  • The fast-charging company forecast another year of massive losses and investments in 2023.
  • EVGO stock trades at a very rich valuation of nearly 20x low-end '23 sales targets of $105 million.
EVgo (NASDAQ:EVGO) is surging on a quarter that beat analyst estimates. The market needs to carefully reassess the results of the EV fast charging company before deeming any value in the stock. My 

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 

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