From Yahoo Finance: 2025-04-18 11:44:00

In a recent article, EVgo Inc. (NASDAQ:EVGO) is discussed in comparison to other promising penny stocks. Analysts on CNBC’s ‘Closing Bell’ expressed cautious optimism, citing recent market events and advising investors to focus on long-term opportunities. EVGO ranks 6th on the list of promising penny stocks. The company saw significant revenue growth in 2024, signaling potential for further expansion.

The list of top penny stocks trading below $5 with high analysts’ upside potential was compiled using the Finviz stock screener. Hedge fund sentiment for each stock was included, sourced from Insider Monkey’s database. Investors are advised to consider stocks that hedge funds favor for potential market outperformance. The strategy has shown a 373.4% return since May 2014.

EVgo Inc. (NASDAQ:EVGO) offers direct current fast-charging services for EVs in the US, with a 139.85% average upside potential. Revenue in 2024 grew by 110%, driven by increased EV driver usage. The company added 1,200+ new charging stalls in 2024 and plans for 800-900 more in 2025. While EVGO shows growth potential, there are other AI stocks with promising returns.



Read more at Yahoo Finance: Is EVgo Inc. (NASDAQ:EVGO) the Most Promising Penny Stock According to Analysts?