Reported 3 days ago
EVgo Inc. saw its shares rise by 64% after receiving a conditional loan guarantee of up to $1.05 billion from the U.S. Department of Energy. The funding is intended to support the expansion of its electric vehicle charging network, enabling the installation of 7,500 fast charging stalls across various states, including Arizona and California, as part of the Biden administration's push for a national electric vehicle charging network.
Source: YAHOO