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Why EVgo Stock Blasted 10% Higher This Week
The Motley Foolยท 2025-08-15 22:29
Group 1 - The company experienced a 10% increase in share price following a positive earnings release and recognition as a top operator in its field [1][2] - EVgo was named in Newsweek's "America's Greatest Companies 2025" list, receiving a rating of 4.5 stars out of 5 [2][4] - Analyst Stephen Gengaro from Stifel reiterated a buy recommendation for EVgo with a price target of $8 per share [4] Group 2 - The company reported second-quarter results that exceeded expectations in terms of revenue, despite not achieving a headline net profit [5] - Although the growth of electric vehicle sales has slowed, EVs remain a preferred choice for environmentally conscious car owners [5]