Should I Buy EVGO? EVGO 2026 Analysis

Should You Buy EVgo Inc (EVGO) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Hold

Latest Price

3.230

1 Day change

11.00%

52 Week Range

5.180

Analysis Updated At

2026/02/04

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Not a good buy right now for an impatient entry: trend/momentum are still bearish and price is sitting below the key pivot (~3.10).
Options positioning is bullish (calls dominate), but it has not translated into upside price confirmation yet.
Fundamentals are improving (revenue and gross margin up strongly YoY), but insider selling is a near-term negative and there’s no fresh news catalyst this week.
Better “buy now” trigger would be a clean reclaim/hold above ~3.10 and then a push toward 3.28; until then, risk skews to chop/down.

Technical Analysis

Trend: Bearish structure with moving averages stacked negatively (SMA_200 > SMA_20 > SMA_5), suggesting the broader trend is still down.
Momentum: MACD histogram (-0.00337) is below zero and negatively expanding, indicating weakening momentum.
RSI: RSI_6 ~44.3 (neutral-to-soft), not oversold enough to suggest a high-conviction bounce.
Levels: Pivot 3.104 is the key “line in the sand.” Support S1 2.925 then S2 2.814. Resistance R1 3.284 then R2 3.395.
Pattern-based odds: Similar-pattern model indicates a 70% chance of ~-1.28% next day and ~-0.47% next week, implying near-term downside bias.

Options Data

Bullish

Open Interest Put-Call Ratio

Bullish

Option Volume Put-Call Ratio

Sentiment: Put/Call ratios are very low (OI 0.23, Volume 0.15) → positioning/flow is call-heavy (bullish skew).
Activity: Today’s options volume (550) is well below the 5D/10D averages (~~1437/~~1287), so bullish skew is not backed by strong participation today.
Volatility: 30D IV ~78.6 vs HV ~51.5 (IV > HV), but IV percentile ~23.9 and IV rank ~10.5 suggest IV is relatively low vs its own history—less “panic premium,” more normal-for-EVGO.
Interpretation: Options lean bullish, but the tape/technicals haven’t confirmed; this looks more like speculative positioning than a confirmed reversal signal.

Technical Summary

Sell

Buy

Positive Catalysts

- Analyst stance remains Buy from multiple firms, with price targets far above current price (supports upside narrative if execution continues).
- Operational/strategic: Commentary highlights progress on DOE loan advances and momentum toward breakeven EBITDA (noted by Stifel).
- Financial trajectory: Strong YoY revenue growth and major gross margin improvement in the latest reported quarter (2025/Q3).
- Technical upside trigger: A reclaim of ~3.10 followed by a break over ~3.28 could quickly improve near-term momentum.

Neutral/Negative Catalysts

- Technical downtrend remains intact (bearish MA stack + weakening MACD), increasing the odds of failed bounces.
- Insider activity: Insiders are selling, with selling amount up ~196% over the last month (near-term sentiment overhang).
- No news catalyst in the past week, reducing the chance of an immediate narrative-driven breakout.
- Near-term statistical edge points slightly down (pattern model negative for next day/week).

Financial Performance

Latest quarter: 2025/Q3.
Revenue: $92.30M, +36.67% YoY (strong top-line growth).
Gross Margin: 10.1%, +415.31% YoY (large improvement from a low base; margin trend is a key positive).
Net Income: -$12.32M (loss), improved 5.92% YoY (loss narrowing).
EPS: -$0.09, down 18.18% YoY (per-share profitability trend still not clean; could reflect share count/other factors despite net loss improvement).

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Recent changes: Both listed firms maintain Buy ratings.
Price targets: UBS raised PT to $5.90 (from $5.40). Stifel lowered PT to $7.50 (from $8) but reiterated Buy.
Wall Street pros: Improving fundamentals (growth + margin), progress toward breakeven EBITDA, and EVgo viewed as a preferred pure-play U.S. charging exposure.
Wall Street cons: PT trims (Stifel) signal some tempered expectations; execution and path-to-profitability remain the central debate.
Influential/political trades: No recent congress trading data available; no politician/influential figure trades provided.

8 Analyst Rating

Wall Street analysts forecast EVGO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EVGO is 5.65 USD with a low forecast of 4 USD and a high forecast of 7.5 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

6 Buy

2 Hold

0 Sell

Strong Buy

Current: 2.910

Low

Averages

5.65

High

7.5

Current: 2.910

Low

Averages

5.65

High

7.5

Stifel

Buy

downgrade

AI Analysis

2025-11-25

Reason

Stifel

Price Target

AI Analysis

2025-11-25

downgrade

Buy

Reason

Stifel lowered the firm's price target on EVgo to $7.50 from $8 and keeps a Buy rating on the shares. In Q3, the firm highlights steady progression on DOE loan advances, "solid momentum" toward breakeven EBITDA in Q4 and a continued reduction in capital expenditures per stall. EVgo remains the firm's favorite pure-play U.S. EV charging company, the analyst tells investors.

UBS

Jon Windham

Buy

maintain

2025-11-11

Reason

UBS

Jon Windham

Price Target

2025-11-11

maintain

Buy

Reason

UBS analyst Jon Windham raised the firm's price target on EVgo to $5.90 from $5.40 and keeps a Buy rating on the shares.

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EVGO Should I Buy

EVGO Should I Buy

Should You Buy EVgo Inc (EVGO) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

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