BUZZ-EVgo misses third-quarter revenue expectations, stock price falls

November 9 - ** Charging network operator EVgo (link) EVGO.O shares fell 2.1% in premarket trading to $1.79

** The company reported third-quarter revenue of $91.4 million, down 1% year-on-year and missing analysts' expectations of $94.5 million — data compiled by LSEG

** EVgo expects 2026 revenue to be between $375 million and $400 million, below the previous forecast of $400 million to $430 million

** Net loss in the third quarter of 2026 widened by 74% year-on-year to $49.2 million

** The company announced last week that the board is reviewing a non-binding privatization proposal from LS Power

** Of 10 analysts, 6 rate the stock as “hold,” 3 as “buy,” and 1 as “strong buy”; the median target price is $2 — LSEG

** As of the previous trading day’s close, the stock was down 37.1% year to date

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