Why EVgo Stock Got Zapped on Friday

News of a fresh directive from the federal government sapped a lot of energy from electric vehicle (EV) charging stock EVgo (EVGO -7.49%) as the trading week came to a close. The company's shares tumbled by more than 7% on this development, a far steeper fall than the sub-1% decline of the S&P 500 (^GSPC -0.95%).Sudden stopEarlier on Friday, the Trump administration slammed the brakes on the government's $5 billion initiative to build out EV charging infrastructure near U.S. highways. The agency tasked with ...