TSLA - What's Going On With EVgo Stock? | Benzinga
EVgo Inc. (NASDAQ:EVGO) shares are trading higher Friday as EV stocks rally on multiple catalysts. Here's a look at what's going on.
What To Know:
Multiple EV makers, including Lucid Group, Inc. (NASDAQ:LCID) and Tesla, Inc. (NASDAQ:TSLA) reported better-than-expected second-quarter vehicle deliveries across the board which signaled to investors the recent "EV Winter" may be over. Tesla shares rallied more than 40% in the past two weeks before pulling back on news that its Robotaxi event will be delayed.
Benchmark analyst Michael Legg maintained a Buy rating on EVgo Friday and raised the price target from $3 to $5.
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Additionally, Thursday's June inflation data came in cooler-than-expected and ignited a rally in small cap stocks and sectors with heavy debt loads, including EV-related stocks. The Consumer Price Index marked its lowest print since May ...