EVgo's board formed a special committee to review LS Power's unsolicited, non-binding $2 per share offer for shares it does not own; no decisions have been made.
EVGO · EVgo Inc.
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EVgo Inc.’s board received an unsolicited take-private proposal from LS Power on November 2, 2026; LS Power holds approximately 56% of combined voting power. An independent special committee is reviewing it, and no response or transaction decision has been made.
EVgo's board formed a special committee to review LS Power Equity Advisors' unsolicited, non-binding proposal to acquire all outstanding shares not owned by LS Power for $2.00 per share in cash. Charging network revenue reached $72 million in the third quarter, up 29% year-over-year.
EVgo Inc.’s Board received an unsolicited, non-binding proposal from LS Power Equity Advisors, LLC to acquire all outstanding Class A common stock not owned by LS Power for $2.00 per share in cash. An independent special committee will review it.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q3 FY26 earnings call · Nov 9, 2026TL;DR. Core charging growth remained strong, with Q3 charging revenue up 29%, charging gross margin at 39%, and the adjusted EBITDA loss narrowing. Management also announced partnership expansion and substantial G&A efficiency measures. However, daily throughput per stall and total revenue declined year-over-year, 2026 guidance still calls for an adjusted EBITDA loss, some build activity has slipped, and the take-private proposal remains uncertain.
- + Q3 charging network revenue increased 29% year-over-year to $72 million.
- + Q3 charging network gross margin improved 380 basis points to 39.0%.
- + Q3 adjusted gross margin expanded 650 basis points to 35.4%.
- + Q3 adjusted EBITDA loss narrowed to $3.5 million from $5 million.
- + Management expects efficiency measures to reduce 2027 adjusted G&A to at least 15% below its previous implied range.
- + EVgo expanded its Brixmor and Regency Centers partnerships to bring more than 900 new fast chargers to shopping centers.
- − Average daily throughput per stall declined 4% year-over-year to 283 kWh.
- − Q3 total revenue decreased 1% year-over-year to $91 million because of lower non-core revenue.
- − Q3 eXtend revenue fell $16 million to $16 million and is expected to trend lower over the next several quarters.
- − Full-year 2026 guidance anticipates an adjusted EBITDA loss of $30 million to $15 million.
- − Management lowered the deployment schedule, with some 2026 builds expected to slide into 2027.
- − The LS Power take-private proposal is non-binding, and no transaction or approval is assured.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Network throughput (GWh) on the EVgo Public Network for the three months ended | 99 | three months ended June 30, 2026 filing | — |
| Adjusted EBITDA non-GAAP | -$10.57M | Q2'26 | — |
| Adjusted Gross Margin non-GAAP | 31.8% | Q2'26 | — |
| Adjusted Gross Profit non-GAAP | $26.28M | Q2'26 | — |
GAAP → non-GAAP reconciliationGAAP GAAP gross profit 7.34M
+18.84M Depreciation, net of capital-build amortization
+99K Share-based compensation
= Adjusted Gross Profit 26.28M
|
|||
| Average daily throughput per stall | 276 | Q2'26 | — |
| Capital Expenditures, Net of Capital Offsets non-GAAP | $27.3M | Q2'26 | — |
GAAP → non-GAAP reconciliationGAAP GAAP capital expenditures $33.82M
-$1.35M OEM infrastructure payments
-$5.17M Proceeds from capital-build funding
= Capital Expenditures, Net of Capital Offsets $27.3M
|
|||
| EBITDA Margin non-GAAP | -17.4% | Six Months Ended June 30, 2026 | — |
| EVgo AV network stalls in operation | 120 | Q2'26 | — |
| EVgo eXtend stalls in operation | 1,330 | Q2'26 | — |
| EVgo public network stalls in operation | 3,930 | Q2'26 | — |
| NACS connectors in operation | 240 | as of July 31, 2026 | — |
| Network throughput (GWh) | 99 | Q2'26 | — |
| Total stalls in operation | 5,380 | Q2'26 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Specialty Retail — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
EVGO
this stock
EVgo Inc.
|
$551.13M | -39.9% | +145.7% | — | 11.3% |
|
WSM
Williams Sonoma Inc
|
$29.92B | +42.3% | +1.2% | 26.0 | 5.0% |
|
ULTA
Ulta Beauty, Inc.
|
$28.25B | +9.2% | +9.7% | 24.1 | 4.8% |
|
CASY
Caseys General Stores Inc
|
$26.32B | +28.8% | +10.2% | 34.3 | 6.6% |
|
BBY
Best Buy Co Inc
|
$21.83B | +55.5% | +0.4% | 17.3 | 7.3% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 9, 2026
- This year
- 13
EVgo Inc.’s board received an unsolicited take-private proposal from LS Power on November 2, 2026; LS Power holds approximately 56% of combined voting power. An independent special committee is reviewing it, and no response or transaction decision has been made.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| EVGO | -4.4% | +63.6% | -9.8% | +38.9% | -39.9% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -7.0% | +64.7% | -10.3% | +39.1% | -50.5% |