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EVgo Stock Charges Up After Bull Note
EVGOEVgo (EVGO) Schaeffers Investment Research·2024-10-03 13:26

EVgo Inc (NASDAQ:EVGO) stock is 33.8% higher premarket, looking to open at 5.26afterabullnotefromJ.P.MorganSecurities.Thefirmupgradedtheelectricvehicle(EV)chargingnameto"overweight"from"natural,"notingthecompany′sfast−chargingowner−operatormodelisscalingwellwithmoreutilization.Inaddition,theU.S.willgrantEVgoaconditionalloanguaranteeofupto5.26 after a bull note from J.P. Morgan Securities. The firm upgraded the electric vehicle (EV) charging name to "overweight" from "natural," noting the company's fast-charging owner-operator model is scaling well with more utilization. In addition, the U.S. will grant EVgo a conditional loan guarantee of up to 1.05 billion to expand its public EV charging infrastructure. Coming into today, six of 13 covering brokerages rated EVgo ...