J.P. Morgan Upgrades EVGO to ‘Overweight’ Amid Insider Selling

Recent Analyst Ratings for $EVGO

New analyst forecasts are out for $EVGO. J.P. Morgan has assigned an ‘Overweight’ rating to the stock, reflecting a positive outlook.

In recent months, Wall Street analysts have issued evaluations of $EVGO. Specifically, three firms have given buy ratings, while none have issued sell ratings.

Here are some of the latest analyst ratings:

• J.P. Morgan rated “Overweight” on 05/08/2025
• Roth Capital assigned a “Buy” rating on 05/07/2025
• RBC Capital issued an “Outperform” rating on 12/13/2024

Insider Trading Activity for $EVGO

Insiders at $EVGO have engaged in trading activity on the open market seven times over the past six months. Notably, there were no purchases recorded, while all seven actions were sales.

Here’s a summary of recent insider selling:

• David Nanus sold 23,000,000 shares for an estimated $115,000,000
• Holdings, LLC EVGO sold 23,000,000 shares for an estimated $115,000,000
• Badar Khan (Chief Executive Officer) sold 166,725 shares across three sales, totaling an estimated $856,232
• Dennis G. Kish (President) sold 61,563 shares across two sales, totaling an estimated $225,571

Institutional Investment Activity in $EVGO

In the latest quarter, 134 institutional investors increased their positions in $EVGO, while 80 investors reduced their holdings.

Here are some significant recent moves by institutional investors:

• Millennium Management LLC added 3,688,614 shares (+394.4%) in Q4 2024, amounting to an estimated $14,938,886
• D.E. Shaw & Co., Inc. increased holdings by 3,153,073 shares (+175.5%) in Q4 2024, for an estimated $12,769,945
• Sir Capital Management, L.P. purchased 2,704,662 shares (+326.3%) in Q4 2024, totaling around $10,953,881
• Two Sigma Advisers, LP added 2,399,300 shares (+2533.6%) in Q4 2024, for approximately $9,717,165
• Vanguard Group Inc increased their position by 2,043,449 shares (+20.1%) in Q4 2024, costing an estimated $8,275,968
• Two Sigma Investments, LP acquired 2,034,045 shares (+296.4%) in Q4 2024, for about $8,237,882
• Qube Research & Technologies Ltd added 1,909,912 shares in Q4 2024, amounting to an estimated $7,735,143

This article does not constitute financial advice. Please see Quiver Quantitative’s disclaimers for more information.

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.