EVgo shares jump 48% after LS Power offers $2 a share to buy out minority holders
By Eve
LS Power Equity Advisors has offered $2 a share for the EVgo Class A shares it does not already own, according to MarketScreener, with its affiliates holding 56.8% of voting power. EVgo stock rose 48% in early trading to $1.87, still below the offer price, while ChargePoint gained 10% and Blink Charging 7%. EVgo operates more than 1,200 fast charging locations across 47 states as of October 30, but its Q2 2026 revenue fell 15.7% year over year to $82.65 million and its net loss widened to $46.34 million.
Why it matters
A controlling shareholder move on one of the largest US fast-charging networks could reshape ownership and strategy at a major CPO, though negotiations have barely begun and terms may change. The sympathy lift for ChargePoint and Blink suggests investors see possible consolidation or valuation upside across listed charging operators.
Source
- Original title
- “EVgo Soars 48% on $2-a-Share Buyout Offer From LS Power; ChargePoint Jumps 10%, Blink Charging Rallies 7%”
- Published
- 2 November 2026
- Also covered by
- 247wallst.com
In this story
- Topic
- EV Charging
- Place
- United States
- Tags
- EVgo · LS Power · ChargePoint · Blink Charging
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