US30052F1003 - Common Stock
EVGO INC
NASDAQ:EVGO (12/20/2024, 8:07:47 PM)
After market: 4.388 +0.03 (+0.64%)4.36
+0.08 (+1.87%)
EVgo, Inc. engages in the provision of electric vehicle charging station services. The company is headquartered in Los Angeles, California and currently employs 292 full-time employees. The company went IPO on 2020-09-30. The firm is engaged in building and operating the infrastructure and tools to serve electric vehicles for individual drivers, rideshare and commercial fleets, and businesses. The company has public fast charging networks, featuring over 950 fast charging locations across more than 35 states, including stations built through EVgo eXtend, its white label service offering. The company provides transportation electrification through partnerships with automakers, fleet and rideshare operators, retail hosts such as grocery stores, shopping centers, and gas stations, policy leaders, and other organizations. Through its network and service offerings for drivers and partners including EVgo Optima, EVgo Inside, EVgo Rewards, and Autocharge+, it provides charging services. The firm is focused on building ultra-fast chargers. In addition to the provision of EV charging infrastructure, it develops and deploys software-based and value-added services.
EVGO INC
11835 West Olympic Boulevard, Suite 900E
Los Angeles CALIFORNIA
P: 13109542900
CEO: David W. Crane
Employees: 292
Website: https://investors.evgo.com/
Which stocks are moving on Tuesday?
EVGo (NASDAQ: EVGO) stock tumbled 27% through 10:05 a.m. ET Tuesday after the operator of charging stations for electric vehicles announced last night that EVgo Holdings, LLC, will sell at least 23 million new shares of common stock (and perhaps as many as 26.5 million) in a secondary offering. To its credit, EVgo made this clear in a press release, noting, "EVgo Holdings, LLC [is] an affiliate of LS Power Equity Partners IV, L.P.," a shareholder of EVgo proper -- so for clarity, from here on I'll be referring to EVgo Holdings as "the insider."
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