UPDATE: Evercore ISI Starts EVgo, Inc. (EVGO) at Outperform

July 27, 2021 6:11 AM EDT
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Price: $8.76 +1.27%

Rating Summary:
    3 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 17 | Down: 5 | New: 36
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(Updated - July 27, 2021 9:22 AM EDT)

Evercore ISI analyst James West initiates coverage on EVgo, Inc. (NASDAQ: EVGO) with a Outperform rating and a price target of $18.00.

The analyst commented, "EVgo is a leading owner and operator of DC fast charging locations, a critical piece of EV
infrastructure, which will enable faster EV adoption in the U.S. The company has over 800 DCFC sites across the U.S., which gives it a leading market position in a DCFC market with a SAM expected to experience a ~25% CAGR for the next 20 years."

For an analyst ratings summary and ratings history on EVgo, Inc. click here. For more ratings news on EVgo, Inc. click here.

Shares of EVgo, Inc. closed at $11.55 yesterday.

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