EVgo, Inc. (EVGO) shares are gaining more than 13 percent on Wednesday morning trade after reporting an 83 percent increase in revenues that beat estimates.
The electric vehicle charging solutions provider reported quarterly revenue of $49.99 million, compared to $27.303 million last year. Analysts were looking for $44.03 million.
For 2024, the company expects revenues in a range of $220-$270 million, while analysts are projecting 260.86 million.
Currently, shares are at $3.15, up 13.48 percent from the previous close of $2.78 on a volume of 4,928,820.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.