From Yahoo Finance: 2025-05-08 18:10:00

J.P. Morgan analyst reiterated an Overweight rating on Evgo Inc with a $5.00 price forecast. Evgo beat revenue expectations, reassuring investors with reaffirmed financial and stall deployment targets. The company is well-positioned for market share growth in fast charging, especially with potential DOE loan support. Non-dilutive funding and acquisitions may further bolster growth. Tariff-related costs are manageable at $4-5 million in 2025. Evgo operates a large DC fast-charging network in the U.S., adding capacity to meet demand and offering compatibility with all EVs. With strong partnerships, Evgo is poised for robust revenue growth. Evgo shares closed higher by 4.36% at $3.83.



Read more at Yahoo Finance: EVgo Is Well-Positioned For Robust Revenue Growth: Analyst