EVgo is trading 12.7% down at $1.51 in pre-market after reporting a 16% year-over-year revenue decline in its second-quarter 2026 results, triggering profit-taking despite a beat on analyst expectations.
- The market is focused on weaker adjusted EBITDA and revenue normalization following a period of recent gains.
- Management highlighted a new strategic partnership with Tesla, framing the collaboration as a key driver for long-term margins.