EVgo: $1.25B 'Holiday Gift' Propels It To JPMorgan's Top Pick List
EVgo: $1.25B 'Holiday Gift' Propels It To JPMorgan's Top Pick List
The DOE loan will supercharge EVgo's financial outlook. Revised guidance includes up to $1.1 billion in revenue, EBITDA as high as $425 million and a network utilization boost to 26%.EVgo Inc (NASDAQ:EVGO) electrified investors by securing a $1.25 billion Department of Energy (DOE) loan guarantee.
EVgo公司（納斯達克：EVGO）通過獲得12.5億美元的能源部（DOE）貸款擔保讓投資者振奮。
According to JPMorgan analyst Bill Peterson, this milestone sets EVgo up to deploy over 7,500 fast-charging stalls in five years and avoid equity dilution, marking a pivotal step in the company's growth story.
根據摩根大通分析師比爾·彼得森的說法，這一里程碑使EVgo能夠在五年內部署超過7500個快充車位，並避免股權稀釋，這標誌着公司成長故事中的一個關鍵步驟。
Peterson, who recently upgraded EVgo to Overweight, called the loan closure "an early holiday gift to investors." Covering 80% of project costs, the DOE loan frees EVgo from raising additional equity—a move Peterson had confidence in despite investor concerns tied to political transitions.
彼得森最近將EVgo的評級上調爲超配，他稱貸款的完成是"給投資者的早期節日禮物"。能源部貸款覆蓋項目成本的80%，使EVgo免於籌集額外的股權，這一舉措儘管投資者對政治轉變感到擔憂，彼得森對此充滿信心。
Revenue, EBITDA Set To Charge Higher
營業收入和EBITDA有望大幅提升
The DOE loan will supercharge EVgo's financial outlook. Revised guidance includes up to $1.1 billion in revenue, EBITDA as high as $425 million and a network utilization boost to 26%.
能源部貸款將爲EVgo的財務前景注入強勁動力。修訂後的指引涵蓋了最多11億元的營業收入，EBITDA高達42500萬元，網絡利用率提升至26%。
Peterson notes this guidance does not include "upside from expected stall capex reductions of up to 30% by 2026," which could add 1,600 more stalls under the same loan. Additional catalysts like 30C tax credits and federal incentives further brighten the picture.
彼得森指出，這一指引並不包括「預計到2026年將項目資本支出降低至最高30%的潛在收益」，這一舉措可能會在同一貸款下增加1600個充電樁。額外的催化劑如30C稅收抵免和聯邦激勵進一步改善了前景。
JPMorgan sees EVgo's owner-operator model as its ace, driving operating leverage and enabling it to "capture market share in the public fast-charging market." Unlike peers delaying profitability, EVgo's accelerated pace positions it for sustained growth, supported by low-cost capital.
摩根大通認爲EVgo的業主-運營商模式是其王牌，推動運營槓桿，使其能夠「在公共快充市場上獲取市場份額。」與同類公司推遲盈利不同，EVgo加速的步伐使其具備可持續增長的基礎，得益於低成本資本的支持。
Read Also: Plug Power, EVgo Among JPMorgan's Top Sustainable Picks For 2025
另請閱讀：普拉格能源、EVgo是摩根大通2025年的最佳可持續選擇
Positive Catalysts To Keep The Momentum Going
積極的催化劑將保持勢頭
EVgo's execution will be critical, but Peterson says the company is ready. Operational milestones and a faster pace of stall deployment are expected to trigger positive reactions in the market.
EVgo 的執行將至關重要，但彼得森表示公司已準備好。預計運營里程碑和更快的充電樁部署速度將引發市場的積極反應。
The analyst also pointed out that "short covering could exacerbate a positive stock reaction" as EVgo clears the "wall of worry" tied to sector headwinds.
分析師還指出，"回補空頭可能加劇股票的積極反應"，因爲 EVgo 清除了與板塊逆風相關的"憂慮之牆"。
Top Clean Tech Pick With 10%-20% Upside
頂級清潔科技推薦，潛在上漲 10%-20%
Peterson concludes that EVgo's revised build schedule and improving unit economics could drive "10–20% upside" to EBITDA estimates in the 2026–2028 timeframe.
彼得森總結道，EVgo 修訂的建設計劃和改善的單位經濟學可能會在 2026-2028 年期間推動 EBITDA 估計的"10–20% 的上漲"。
With the DOE loan accelerating growth and profitability timelines, JPMorgan maintains its Overweight rating on EVgo, calling it a "top pick within our Clean Tech coverage."
隨着能源部貸款加速增長和盈利時間表，摩根大通維持對 EVgo 的超配評級，稱其爲"我們清潔技術覆蓋中的首選"。
For investors, this isn't just a loan—it's a roadmap to EVgo's dominance in fast charging.
對於投資者來說，這不僅是一筆貸款——它是 EVgo 在快速充電領域佔據主導地位的路線圖。
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Photo Courtesy of EVgo, Inc.
圖片來源：EVgo公司。