Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
EVgo, Inc. is a U.S.-based electric vehicle (EV) charging company that designs, builds, owns, and operates a public network of fast charging infrastructure. The company operates within the electric vehicle infrastructure, clean energy, and transportation electrification industries, with a primary focus on direct current fast charging (DCFC). EVgo’s core revenue drivers include charging services provided to EV drivers, infrastructure deployment agreements with site hosts, and long-term commercial contracts with automakers and fleet operators.
Founded in 2010 and originally incubated within NRG Energy, EVgo was created to accelerate EV adoption by addressing charging availability and reliability. The company became an independent, publicly traded entity in 2021 through a business combination, positioning itself as one of the largest pure-play public fast-charging network operators in the United States. EVgo’s strategic differentiation centers on its early focus on urban, high-utilization locations and its commitment to 100% renewable energy sourcing through purchased energy and renewable energy credits, where available.
Business Operations
EVgo generates revenue primarily through its Public Fast Charging Network segment, which includes pay-per-use charging, subscription-based charging plans for consumers, and charging services for commercial and fleet customers. The company owns and operates thousands of DC fast chargers, with an emphasis on high-power chargers capable of supporting newer EV models. EVgo also earns revenue through infrastructure development services and long-term site host agreements, including revenue-sharing arrangements.
Operations are concentrated in the United States, with chargers located in metropolitan areas, retail centers, workplaces, and transportation corridors. EVgo controls the software platform that manages charger operations, network monitoring, payment processing, and customer engagement. The company operates largely through its primary operating subsidiary, EVgo Services, LLC, and maintains strategic commercial relationships with automakers, rideshare companies, retail property owners, and fleet operators to support network utilization and expansion.
Strategic Position & Investments
EVgo’s strategic direction emphasizes disciplined network expansion, improved charger utilization, and long-term contracted revenue streams. Growth initiatives include deploying higher-power chargers, expanding fleet-focused charging solutions, and integrating its network more deeply with automaker charging programs. The company has entered into multi-year infrastructure and interoperability agreements with major automotive OEMs to support vehicle sales and customer charging access.
The company has benefited from public and private investment aligned with U.S. federal and state electrification programs, including funding opportunities associated with national charging infrastructure initiatives. EVgo has not historically pursued a large portfolio of acquisitions; instead, it has focused capital investment on organic network buildout, technology upgrades, and strategic partnerships. Emerging areas of focus include fleet electrification, charging-as-a-service models, and software-enabled network optimization.
Geographic Footprint
EVgo’s operations are concentrated in the United States, where it maintains one of the largest fast-charging networks by geographic reach. The company has a significant presence in California, Texas, Florida, New York, and other high-EV-adoption states, with chargers deployed across more than 30 states. Headquarters are located in Los Angeles, California, reflecting the company’s historical roots and proximity to key EV markets.
While EVgo does not operate owned charging networks outside the U.S., its activities are influenced by global EV adoption trends, international automakers, and multinational fleet customers operating domestically. The company’s geographic strategy prioritizes dense urban areas, major travel corridors, and regions supported by favorable regulatory and incentive environments.
Leadership & Governance
EVgo is led by an executive team with experience across energy, infrastructure, and technology sectors, with a strategic vision focused on accelerating transportation electrification through reliable, customer-centric charging solutions. The leadership emphasizes operational discipline, capital efficiency, and partnerships with both public and private stakeholders to scale infrastructure sustainably.
Key executives include:
- Cathy Zoi – Chief Executive Officer
- Jonathan Levy – Chief Financial Officer
- Dennis Kish – Chief Operating Officer
- Scott Levitan – Executive Vice President, Growth
- Terri Eoff – Chief Human Resources Officer
The company is governed by a board of directors that includes representatives with backgrounds in energy, finance, public policy, and large-scale infrastructure development, supporting oversight aligned with long-term shareholder and stakeholder interests.