EVgo's Q3 revenue misses estimates, shares fall

By Reuters News

** Charging network operator EVgo's EVGO.O shares fall 2.1% to $1.79 premarket

** Co posts Q3 revenue of $91.4 mln, down 1% YoY and missing analysts' estimate of $94.5 mln - data compiled by LSEG

** EVgo expects 2026 revenue of $375 mln to $400 mln, down from previous estimate of $400-$430 mln

** Q3 2026 net loss widens 74% YoY to $49.2 million

** Co announced last week that board was reviewing unsolicited take-private proposal from LS Power

** 6 of 10 analysts rate stock "hold", 3 "buy" and one "strong buy"; their median PT is $2 - LSEG

** As of last close, stock down 37.1% YTD

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