EVgo Q2 Charging Revenue Up 19%, Deploys Tesla Magic Dock
EVGO is trading near its 52-week low of $1.41 (13% above the low) on elevated volume (2.4× avg).
Summary
EVgo's Q2 charging revenue grew 19% to ~$61M, but total revenue fell ~16% and net loss widened. The company deployed Tesla Magic Dock Superchargers, enabling native CCS and NACS charging and supporting network growth as 35+ NACS models arrive by end of 2026. FY26 revenue guidance of $400–$430M was provided. This follows yesterday's initial Q2 report; the Magic Dock rollout and full-year guide are new details.
At the time of this announcement, EVGO was trading at $1.60 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $480.2M. The 52-week trading range was $1.41 to $5.18. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.