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EVgo Stock: Buy, Sell, or Hold?
EVGOEVgo (EVGO) The Motley Fool·2024-12-21 09:10

EVgo (EVGO 1.87%), a leading builder of EV charging networks, went public in July 2021 by merging with a special purpose acquisition company (SPAC). The combined company's stock opened at 15.05onitsfirstday,butitnowtradesatabout15.05 on its first day, but it now trades at about 4.Like many other SPAC-backed EV companies, EVgo overpromised and underdelivered. In its pre-merger presentation, it claimed it could grow its revenue from an estimated 20millionin2021to20 million in 2021 to 166 million in 2023. It got off to a good start by generating $22 million in r ...