EVgo: $1.25B 'Holiday Gift' Propels It To JPMorgan's Top Pick List

EVgo Inc EVGO electrified investors by securing a $1.25 billion Department of Energy (DOE) loan guarantee. According to JPMorgan analyst Bill Peterson, this milestone sets EVgo up to deploy over 7,500 fast-charging stalls in five years and avoid equity dilution, marking a pivotal step in the company's growth story.Peterson, who recently upgraded EVgo to Overweight, called the loan closure "an early holiday gift to investors." Covering 80% of project costs, the DOE loan frees EVgo from raising additional equ ...