EVgo and Modine Manufacturing Compared in Financial Review

Analysts see more upside potential in EV charging company EVgo compared to auto parts maker Modine Manufacturing.

Feb. 28, 2026 at 6:23pm

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Modine Manufacturing (NYSE:MOD) and EVgo (NASDAQ:EVGO) are both companies in the auto/tires/trucks industry, but analysts believe EVgo has more favorable growth prospects. The article compares the two companies based on factors like analyst ratings, valuation, profitability, and risk.

Why it matters

This analysis provides insight into the relative financial performance and future outlook of two companies operating in the evolving automotive industry. As electric vehicles continue gaining market share, the comparison highlights the potential growth opportunities for EV charging infrastructure providers like EVgo versus traditional auto parts suppliers.

The details

The article notes that EVgo has a higher consensus price target from analysts, suggesting more upside potential compared to Modine Manufacturing. EVgo also trades at a lower price-to-earnings ratio, indicating it is currently the more affordable of the two stocks. However, EVgo has higher stock price volatility as measured by beta. In terms of profitability, Modine Manufacturing outperforms EVgo on metrics like net margins, return on equity, and return on assets.

  • The analysis is based on recent ratings and target prices provided by MarketBeat.

The players

Modine Manufacturing

A company that provides thermal management products and solutions for the automotive and other industries.

EVgo

A company that owns and operates a direct current fast charging network for electric vehicles in the United States.

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The takeaway

As the electric vehicle market continues to grow, investors may want to consider the relative merits of companies providing EV charging infrastructure versus traditional auto parts suppliers. This analysis suggests EVgo has more favorable growth prospects, though Modine Manufacturing appears to be the more profitable and stable company currently.