Key Highlights

  • EVgo (NASDAQ:EVGO) stood at USD 1.70 in a published screener snapshot on November 5, 2026, up 36.69% over 1W, with a latest session change of negative 6.35%, among the small cap 1W leaders.
  • On November 2, 2026 the company confirmed an unsolicited, non-binding proposal from LS Power to buy all Class A shares it does not own for USD 2.00 in cash, a 59% premium to the market price.
  • LS Power holds about 56% of voting power, and the board formed a special committee of independent directors, so the proposal is not a done deal and the board has not decided how to respond.
  • UBS downgraded the stock to neutral on November 4, 2026, and third-quarter results are due on November 9, 2026, with Revenue consensus near USD 92.2 million and an EPS consensus loss of USD 0.15.

What Moved EVgo (36.69% in 1W)

The catalyst was a take-private proposal. On Monday, November 2, 2026, EVgo confirmed receipt of an unsolicited, non-binding offer from LS Power Equity Advisors and affiliates at USD 2.00 per share in cash for the Class A shares LS Power does not already own. Published coverage called it the stock's best day in two years, with a gain of about 46.83%. Before the news the shares were about USD 1.26, below the 200-day average of USD 1.93, and down about 17% since the previous report. At USD 1.70 in the snapshot, the stock trades about 15% below the offer (calculated), and the offer is about 17.6% above the snapshot price (calculated).

Why a Stock Like EVgo Re-Rates

The rationale is a Takeover bid from a controlling holder. LS Power holds about 56% of voting power, so the price depends on a special committee of independent directors that may hire its own advisors. The gap to the USD 2.00 offer reflects the market pricing the chance of a higher bid, a lower one or no deal. On November 4, UBS downgraded the stock to neutral, weighing upside against deal risk, after earlier cutting its target from USD 3 to USD 2. RBC cut its target from USD 2.50 to USD 1.75 with an Outperform rating. Fundamentals are a second driver. EVgo lowered full-year revenue guidance to USD 400 million to USD 430 million, raised its Xtend outlook to USD 90 million to USD 95 million, and set 2026 stall additions at 1,350 to 1,625, with about 60% in the fourth quarter. The network spans more than 1,200 locations in 47 states.

Valuation, Liquidity and Risks After a Sharp Run

The 3M, 6M and YTD figures were not visible in the snapshot, and no market Capitalization was in the published coverage, though the name sits in the small cap screen of 300 million to 2 billion USD. Consensus full-year revenue of about USD 440 million was above the lowered guidance range. Charging network revenue rose 19% to USD 61 million last quarter, throughput per stall fell 2%, and the long-term throughput assumption was cut to 425 to 475 kWh per stall per day. Charging gross Margin reached 39% on a trailing basis. A small number of trades can move the price, spreads can be wide, and a failed proposal could reverse the move.

Where Things Stand

The jump in EVgo (NASDAQ:EVGO) reflects the USD 2.00 per share take-private proposal from LS Power, which holds about 56% of voting power. At USD 1.70 and up 36.69% over 1W, the stock sits among the small cap 1W leaders just behind Cricut and FMC in the screener snapshot. The November 9, 2026 results and the committee review are the next checkpoints, and nothing guarantees a deal.