EVGO - EV charging stocks getting a boost from Rivian/Volkswagen deal...but can it last?
2024-06-26 13:19:14 ET
Electric vehicle charging stocks are getting a jump-start on Wednesday thanks to the Rivian/Volkswagen deal that is reverberating through the EV sector. Gains are also attributed to short-covering as both EVgo ( NASDAQ: EVGO ) and ChargePoint ( CHPT ) have short interest that is 30% or more of float (compared to Tesla with 3% of float and 19% for Rivian). ...
EV charging stocks getting a boost from Rivian/Volkswagen deal...but can it last?