EVgo Growth Dampened By DOE Loan And EV Incentive Uncertainty, Analyst Says

J.P. Morgan analyst Bill Peterson reiterated the Overweight rating on EVgo Inc. EVGO, lowering the price forecast to $5 from$6.The analyst suggests that EVgo, a prominent operator of a DC fast-charging network in the U.S., is poised for substantial revenue growth in the coming years.This growth will be driven by factors such as increased charger utilization, higher charge rates, and a growing network footprint, which could be further bolstered by a potential Department of Energy loan, even in a market with ...