EVgo (NASDAQ:EVGO) saw a surge of over 22% in shares yesterday following its Q4 results announcement. The company reported an EPS of ($0.06), which surpassed the Street estimate of ($0.18). Moreover, revenue witnessed a 283% year-over-year growth, standing at $27.3 million, exceeding the Street estimate of $19.86 million.

For the full year 2023, management projects revenue between $105 million to $150 million, whereas the Street estimate stands at $153 million. Adjusted EBITDA is anticipated to be between ($78 million) and ($60 million). In addition, the company has set a target to have around 3,400 to 4,000 DC fast-charging stalls in operation or being constructed by the end of this year.