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EVgo shares jumps after UBS upgrade citing DOE loan, boosted growth outlook

Thu, 10 Oct 2024 08:18:50 -0500

Investing.com -- EVgo (NASDAQ:EVGO) shares jumped 5.1% in pre-market trading on Thursday, buoyed by an upgrade from UBS.

The brokerage raised its rating for EVgo to “buy” from “neutral,” flagging increased confidence in the electric vehicle charging company’s growth trajectory.

UBS’s upgrade follows a major announcement by the Department of Energy last week, where EVgo secured a $1.05 billion conditional loan commitment.

This funding is expected to accelerate the deployment of EVgo's charging stalls beyond 2025, outpacing the company's current deployment rate.

UBS analysts noted that the DOE loan would allow EVgo to increase its annual stall deployments from

EVgo shares jumps after UBS upgrade citing DOE loan, boosted growth outlook

Thu, 10 Oct 2024 08:18:50 -0500

Investing.com -- EVgo (NASDAQ:EVGO) shares jumped 5.1% in pre-market trading on Thursday, buoyed by an upgrade from UBS.

The brokerage raised its rating for EVgo to “buy” from “neutral,” flagging increased confidence in the electric vehicle charging company’s growth trajectory.

UBS’s upgrade follows a major announcement by the Department of Energy last week, where EVgo secured a $1.05 billion conditional loan commitment.

This funding is expected to accelerate the deployment of EVgo's charging stalls beyond 2025, outpacing the company's current deployment rate.

UBS analysts noted that the DOE loan would allow EVgo to increase its annual stall deployments from

EVgo shares jumps after UBS upgrade citing DOE loan, boosted growth outlook

Thu, 10 Oct 2024 08:18:50 -0500

Investing.com -- EVgo (NASDAQ:EVGO) shares jumped 5.1% in pre-market trading on Thursday, buoyed by an upgrade from UBS.

The brokerage raised its rating for EVgo to “buy” from “neutral,” flagging increased confidence in the electric vehicle charging company’s growth trajectory.

UBS’s upgrade follows a major announcement by the Department of Energy last week, where EVgo secured a $1.05 billion conditional loan commitment.

This funding is expected to accelerate the deployment of EVgo's charging stalls beyond 2025, outpacing the company's current deployment rate.

UBS analysts noted that the DOE loan would allow EVgo to increase its annual stall deployments from

EVgo shares jumps after UBS upgrade citing DOE loan, boosted growth outlook

Thu, 10 Oct 2024 08:18:50 -0500

Investing.com -- EVgo (NASDAQ:EVGO) shares jumped 5.1% in pre-market trading on Thursday, buoyed by an upgrade from UBS.

The brokerage raised its rating for EVgo to “buy” from “neutral,” flagging increased confidence in the electric vehicle charging company’s growth trajectory.

UBS’s upgrade follows a major announcement by the Department of Energy last week, where EVgo secured a $1.05 billion conditional loan commitment.

This funding is expected to accelerate the deployment of EVgo's charging stalls beyond 2025, outpacing the company's current deployment rate.

UBS analysts noted that the DOE loan would allow EVgo to increase its annual stall deployments from

Evgo shares surge after conditional $1bn DOE loan guarantee, JPMorgan upgrade

Thu, 03 Oct 2024 09:10:42 -0500

Investing.com -- Shares of EVgo Inc. (NASDAQ: NASDAQ:EVGO) soared 24% on Wednesday, driven by a bullish upgrade from JPMorgan and news of a $1 billion loan guarantee from the U.S. Department of Energy (DOE).

The stock initially rose 9% following the JPMorgan upgrade and rallied further after reports confirmed the DOE's conditional commitment for the loan.

EVgo, one of the largest public fast-charging networks in the U.S., announced it had secured a conditional commitment for up to $1.05 billion in debt financing from the DOE's Loan Programs Office.

The funding will support the expansion of EVgo's charging infrastructure, with plans to deploy approximately

Evgo shares surge after conditional $1bn DOE loan guarantee, JPMorgan upgrade

Thu, 03 Oct 2024 09:10:42 -0500

The stock initially rose 9% following the JPMorgan upgrade and rallied further after reports confirmed the DOE's conditional commitment for the loan.

EVgo, one of the largest public fast-charging networks in the U.S., announced it had secured a conditional commitment for up to $1.05 billion in debt financing from the DOE's Loan Programs Office.

The funding will support the expansion of EVgo's charging infrastructure, with plans to deploy approximately