What is EVgo, Inc.'s Shariah compliance score?

EVgo, Inc.'s (EVGO) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does EVgo, Inc. pass AAOIFI screening?

EVgo, Inc. (EVGO) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (EVGO: 37.2%), (3) interest-bearing deposits below 30% (EVGO: 20.6%), and (4) prohibited income below 5% (EVGO: 2.3%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for EVgo, Inc. stock?

EVgo, Inc. (EVGO) has a non-permissible income ratio of 2.32%. Muslim investors should purify this percentage of any dividends received and capital gains realized from EVGO shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen EVgo, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for EVgo, Inc. (EVGO) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about EVGO's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

EVGO: Is EVgo, Inc. Halal?

EVgo, Inc.

NASDAQConsumer CyclicalUS

$1.87

-1.06%

Market Cap: 586.9M

Compliance Status

Not Halal

Screened on Jul 19, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is EVgo, Inc. (EVGO) halal? Not Halal. Based on AAOIFI screening, EVgo, Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

37.2% of 30.0% limit

What this means for you

Most scholars advise not holding EVGO

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About EVgo, Inc.

EVgo, Inc. operates and manages a comprehensive network of high-speed direct current (DC) electric vehicle charging stations across the United States. The company provides electric power directly to vehicle owners who utilize its publicly accessible, connected chargers. EVgo also supports original equipment manufacturers (OEMs) with charging solutions and related offerings. Its services extend to fleet and rideshare businesses, providing public charging options, as well as offering "charging as a service" and dedicated charging infrastructure for fleets. Complementary services include tailored digital application experiences, integration of charging data, customer loyalty initiatives, access to chargers located within paid parking structures, trial programs for precisely targeted advertising, and the ability to reserve charging sessions. Furthermore, through its eXtendTM initiative, EVgo delivers comprehensive maintenance, development, and project management services, encompassing the installation, network integration, and ongoing operation of electric vehicle supply equipment (EVSE). Established in 2010, EVgo is headquartered in Los Angeles, California.

Sector: Consumer Cyclical · Industry: Specialty Retail

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 19, 2026

Compliance History

Not Halalnow
since Jun 2026
Doubtful
until the change above
Not Halal
until the change above

Tracked since May 2026. Updates automatically on each re-screen.

Fiscal: Q1 2026Data source: EDGAR

Halal Alternatives in Consumer Cyclical

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

MARA+

Marriott International, Inc.

$366.24

-0.85%

FWDIA+

Forward Industries, Inc.

$3.96

+11.86%

ROLA+

Rollins, Inc.

$44.77

-0.40%

TSCOA+

Tractor Supply Company

$30.24

+1.65%

GNTXA+

Gentex Corporation

$24.35

-2.25%

More Consumer Cyclical Stocks

AMZN

Amazon.com, Inc.

A+

TSLA

Tesla, Inc.

The Home Depot, Inc.

MCD

McDonald's Corporation

B+

BKNG

Booking Holdings Inc.

LOW

Lowe's Companies, Inc.

Free · No credit card required

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Frequently Asked Questions

Is EVgo, Inc. (EVGO) halal to invest in?

EVgo, Inc. (EVGO) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did EVgo, Inc. get a F compliance rating?

EVgo, Inc. (EVGO) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 37.2% (limit 30%); interest-bearing deposits of 20.6% (limit 30%); prohibited income of 2.32% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change EVgo, Inc.'s Shariah verdict?

EVgo, Inc.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is EVgo, Inc. re-screened for Shariah compliance?

EVgo, Inc. (EVGO) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jul 19, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.