EVGO Earnings Preview: Insider Sales and Hedge Fund Activity

EVGO prepares for earnings report with negative expectations. Insider trading shows no purchases and significant sales, raising concerns ahead of revenue projections of $70.5M.

Date: 03-03-2025

AI Rating: 4

Quarterly Earnings Projection: EVGO is set to announce its earnings on March 4th, with analysts expecting a revenue of $70,482,928. However, earnings per share (EPS) are anticipated to be at a loss of -$0.09. This indicates a challenging financial outlook and reflects negatively on the company's profitability potential.

Insider Trading Activity: Insider trading activity raises red flags, as all 7 recent trades by EVGO executives were sales, and not a single purchase was recorded. Notably, David Nanus sold 23 million shares, contributing to significant insider selling totaling approximately $115 million. Such behavior often suggests that insiders are not confident about the company's future and could lead to skepticism among investors.

Institutional Holdings: On the other hand, the report notes a mixed sentiment among institutional investors, with 128 adding shares while 86 reduced their holdings. Some institutional investors have increased their exposure significantly, such as Millennium Management, which raised its holdings by 394.4%. This may signal confidence from certain institutional investors despite the selling pressure from insiders.

In summary, while institutional interest seems encouraging, the lack of insider purchases and the expected negative EPS indicate potential challenges for EVGO's stock performance after the upcoming earnings release.

Stocks: EVGO