Honestly, if you've been tracking the EVGO stock price today, you know it feels a bit like a rollercoaster that’s currently stuck in a slow climb. As of Friday, January 16, 2026, the stock is hovering right around that psychological $3.00 level. Yesterday was rough—a nearly 5% drop—but today the market seems to be catching its breath.
It's weird.
On one hand, the company is announcing massive deals with grocery giants like Kroger. On the other, the stock just can't seem to break out of its shell. People are asking if this is a "buy the dip" moment or if the EV charging industry is just too crowded for EVgo to dominate. Let's get into the weeds of what’s actually happening on the ground.
What’s Moving the EVGO Stock Price Today?
The big news this week was the Kroger expansion. EVgo announced they are going to build at least 150 fast-charging stalls per year through 2035 at Kroger-owned stores. That’s huge because it puts chargers where people actually spend time.
Think about it.
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You go in for eggs and milk, and 15 minutes later, your car is topped off. They already opened the first site under this expanded deal in Salt Lake City. But here’s the kicker: the stock actually dropped almost 4% the day the news broke.
Investors are fickle. Sometimes "good news" is already priced in, or the market gets worried about the capital expenditure (the "capex") required to build all those stalls. EVgo says they want more than 15,000 stalls energized by the end of 2029. Right now, they have about 4,600. That is a massive gap to bridge in just a few years.
The Analyst Outlook: Buy or Run?
If you look at Wall Street, the vibe is surprisingly positive. Most analysts are calling EVgo a Moderate Buy or even a Strong Buy.
- RBC Capital and J.P. Morgan have been reiterating buy ratings lately.
- The average price target is sitting around $5.65.
- Some aggressive bulls, like the folks at Evercore, are eyeing a $8.00 target.
But let’s be real. A $5.65 target when the stock is at $3.00 implies a nearly 90% upside. That sounds great on paper, but the stock has been trading in a 52-week range of $2.20 to $5.18. It hasn’t exactly been a straight line up.
The "Prefab" Secret Sauce
One thing the casual investor misses is how EVgo is actually building these stations. In late 2025, they revealed that over 40% of their new stations are being built using "prefabricated modular skids."
Basically, they build the guts of the charging station in a factory in Florida (partnering with Miller Electric) and then just drop it onto the site. This isn't just a cool tech flex; it’s a margin play. It cuts installation costs by about 15% and gets the chargers online way faster.
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In a business where "uptime" and "speed to market" are everything, these skids are a game-changer. If they can keep lowering the cost per stall, they might actually hit that EBITDA break-even target that they've been chasing.
Financials and the "Ancillary Upside"
Let's talk money. For the full year of 2025, EVgo was guiding for revenue between $350 million and $405 million.
They’ve got about $201 million in cash on hand, which is a decent cushion, but they are still losing money. The net loss for the last reported quarter was about $28 million.
The phrase you'll hear on earnings calls is "Ancillary Upside." This is corporate-speak for "extra ways to make money." They aren't just selling electricity. They are selling 30C tax credits, getting payments from automakers like GM, and even running a platform called PlugShare which has over 7.4 million users.
Is the EV Charging Slowdown Real?
You’ve probably heard the rumors that EV adoption is slowing down. It’s a common talking point.
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While it's true that some big carmakers have pulled back on their targets, the actual number of EVs on the road is still growing. EVgo reported adding 149,000 new customer accounts in a single quarter. You don't add 1.6 million total accounts if nobody is driving electric.
The real risk isn't "no EVs"—it's competition. Tesla opening up their Supercharger network to other cars (NACS) was a huge shock to the system. EVgo is adapting by adding NACS connectors to their own stalls, but they are now fighting for the same customers that used to be "locked in" to third-party networks.
What to Watch for Next
If you’re holding or thinking about buying, watch these three things:
- The $3.07 Resistance: Technical analysts (the people who love charts) say if the stock can break and hold above $3.07, it might trigger a fresh wave of buying.
- Utilization Rates: Watch the "throughput." EVgo's average daily throughput per stall recently hit 295 kWh. If that keeps going up, it means people are actually using the chargers they build.
- The New CFO: Keefer Lehner took over as CFO this week (January 12). New leadership often means a fresh look at the books or a new strategy for reaching profitability.
Actionable Steps for Investors
The EVGO stock price today is essentially a bet on infrastructure. If you think the "gas station of the future" will be a high-powered charging stall at a grocery store, EVgo is one of the purest plays you can find.
- Check the Volume: Today’s trading volume is a bit lower than average. Low volume on a sideways day usually means the big institutional "whales" are sitting on their hands, waiting for a catalyst.
- Scale In: Don't go all-in at once. Given the volatility (the beta is a high 2.38), many traders prefer "dollar-cost averaging" to smooth out the bumps.
- Watch the 200-Day Moving Average: The stock is currently trading below its 200-day average of $3.61. Until it gets back above that line, the "bears" still have the upper hand.
At the end of the day, EVgo is a growth stock in a maturing industry. It's got the partnerships with GM, Pilot, and Kroger. It's got the tech to build faster and cheaper. Now, it just needs to prove to Wall Street that it can turn a profit without needing a constant infusion of new cash.
The next few months of deployment data will tell the real story. Keep an eye on those Salt Lake City stalls; if the Kroger deal scales as promised, that $3 price point might look like a steal in hindsight.
Current Market Stats (Refreshed Jan 16, 2026)
- Last Trade: ~$3.00
- 52-Week High: $5.18
- 52-Week Low: $2.20
- Consensus Rating: Moderate Buy