EVGO - EVgo: Attractive Price Level With Strong Growth Pipeline

2024-02-09 06:52:52 ET

Summary

• EVgo is a leading player in the US EV charging market, operating over 2,700 fast charging stations.
• The company's stock performance has been volatile and disappointing, with a decline of 67% in the past year.
• Despite market challenges, EVGO is well-positioned to capture value in the EV charging market and has the potential for a rebound.

EVgo ( EVGO ) is a leading player in the US electric vehicle / EV charging space, operating a network of over 2,700 fast charging stations with over 785,000 customer accounts as of September 2023 . They focus on DC fast charging, which can significantly reduce charging time compared to regular outlets....

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