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Allego N v   (ALLG)
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    Sector  Retail    Industry Automotive Aftermarket
   Industry Automotive Aftermarket
   Sector  Retail
 
Price: $0.8800 $-0.02 -2.222%
Day's High: $0.98 Week Perf: -11.54 %
Day's Low: $ 0.84 30 Day Perf: -26.67 %
Volume (M): 510 52 Wk High: $ 3.88
Volume (M$): $ 449 52 Wk Avg: $1.66
Open: $0.92 52 Wk Low: $0.57



 Market Capitalization (Millions $) 236
 Shares Outstanding (Millions) 268
 Employees -
 Revenues (TTM) (Millions $) 163
 Net Income (TTM) (Millions $) -124
 Cash Flow (TTM) (Millions $) 93
 Capital Exp. (TTM) (Millions $) 77

Allego N V
Allego is a leading EV charging company in Europe, with a large, vehicle-agnostic public network that offers easy access for all EV car, truck, and bus drivers. The company owns or operates over 31,000 public charging ports and 16,000 public and private sites across 14 countries, with more than 672,000 unique network users, 80% of which are recurring users as of December 31, 2021. Allego provides EV-related services such as site design, technical layout, authorization and billing, and operations and maintenance to more than 400 customers, including fleets, corporations, charging hosts, OEMs, and municipalities.

Founded in 2013, Allego's first fast charger became operational soon after its founding, and the company deployed Europe's first ultra-fast charging station in 2017. Allego focuses on EV charging solutions that can be accessed by the highest number of vehicles, regardless of vehicle type or OEM, allowing it to grow in a vehicle-agnostic manner.

According to Allego, the European EV market is larger and growing faster than the U.S. market due to attributes that generally favor fast charging, such as more stringent regulatory regimes, high urbanization rates, a scarcity of in-home parking in dense cities, and significant interurban traffic. Between 2020 and 2030, fast public charging is expected to increase its share from 24% to 37% of public charging in Europe, according to Allego estimates.

Allego's business model is based on providing easily accessible, highly reliable, hassle-free charging points to all types of EV users. Allego developed a unique, proprietary software platform that can manage any hardware chargers and charging sessions while enabling any MSP to use Allego's network. The company has two complementary business segments: its owned fast charging network and high value-add third-party services.

Allego's primary business focus is on building, owning, and operating ultra-fast and fast EV charging sites. It uses its proprietary AllamoTM software to identify premium charging sites and forecast demand using external traffic statistics. Allego's charging sites are vehicle-agnostic and therefore can charge vehicles without limitations on OEM or user groups. The company is a leader in ultra-fast charging networks in Europe, with 733 fast and 54 ultra-fast charging ports as of December 31, 2021, and intends to accelerate its growth in this business segment.

Allego also offers high value-add third-party services to customers, such as municipalities and corporations, as a strategic focus for non-core technologies. This business segment is driven by attractive, high margin third-party service contracts for a variety of services, including site design and technical layout, authorization and billing, and operations and maintenance. These offerings allow Allego to manage large and complex solutions and serve as a one-stop shop with its white label software suite. Both business segments also allow Allego to focus on long-term and recurring revenue ranging from 5 years on average for its service.


   Company Address: Westervoortsedijk 73 KB Arnhem 6827
   Company Phone Number: 88 033 3033   Stock Exchange / Ticker: NYSE ALLG
   


   

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Product Service News

Allego's Strategic Partnership with Burger King France: Accelerating the EV Charging Revolution

Published Wed, Feb 28 2024 1:00 PM UTC

In a groundbreaking move for the electric vehicle (EV) market, Allego N.V., a leading pan-European public EV fast and ultra-fast charging network, has forged a long-term partnership with Burger King France. This strategic alliance aims to revolutionize the EV charging landscape in France by enabling ultra-fast chargers across Burger King's drive-through and dine-in locations...

Management Changes

Allego N.V. Faces CFO Transition and Financial Headwinds Amidst Ambitious EV Charging Expansion

Published Tue, Feb 6 2024 1:00 PM UTC

Allego Announces CFO Transition and Financial Challenges Amidst Pan-European EV Charging Expansion
ARNHEM, Netherlands - Allego N.V. (NYSE: ALLG), a prominent pan-European public electric vehicle (EV) fast and ultra-fast charging network provider, has recently disclosed the departure of its Chief Financial Officer (CFO), Ton Louwers. Effective June 30, 2024, Louwers will...

Business Update

Empowering the Electric Revolution: Allego's High-Powered Truck Charging Pilot Program Fuels the Future of Transportation

Published Thu, Nov 30 2023 1:00 PM UTC



Allego N.V. (NYSE: ALLG), a prominent provider of public electric vehicle fast and ultra-fast charging networks across Europe, has recently unveiled the outcomes of its pilot program for high-power commercial charging stations catering to electric trucks and light-duty vehicles. With an impressive utilization rate of 22% within just five weeks, Allego's innovative ...

Contract

Allego Charges Forward with New Power Purchase Agreements, Fueling Sustainable Mobility Across Europe

Published Fri, Nov 3 2023 12:30 PM UTC

Allego Ensures Sustainable Growth with New Power Purchase Agreements
ARNHEM, Netherlands - Leading pan-European public electric vehicle fast and ultra-fast charging network, Allego N.V. (NYSE: ALLG), has taken a major step towards achieving sustainable mobility by signing two long-term power purchase agreements (PPAs) with Energy Solutions Group. These partnerships will ...

Stock Transactions

Allego and Goon Power Up Danish Electric Mobility with Revolutionary Charging Partnership

Published Fri, Oct 20 2023 12:30 PM UTC

Allego and Goon Collaborate to Revolutionize Electric Charging in Denmark
In a groundbreaking move, Allego N.V., a pioneering pan-European public electric vehicle charging network, has joined forces with Goon Gruppen A/S, one of Denmark's largest fueling companies. This partnership aims to make electric charging more accessible for drivers across the country, with Allego...






 

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