EVgo (EVGO) Soars 60.8%: Is Further Upside Left in the Stock?

EVgo Inc. (EVGO) shares soared 60.8% in the last trading session to close at $6.32. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 6% loss over the past four weeks. The stock rallied yesterday after securing a $1.05 billion conditional loan guarantee from the U.S. Department of Energy. The financing will help EVgo expand its charging network, with plans to install around 7,500 new fast-charging stations nationwide by 2030. This ...