Reported 1 day ago
Stifel has reaffirmed its Buy rating for EVgo, Inc. (NASDAQ:EVGO), setting a price target of $8. Despite challenges in the EV charging sector, including the potential end of the $7,500 tax credit for electric vehicle buyers, the firm believes that EVgo is on course to achieve positive EBITDA by the fourth quarter of 2025. With over 1,100 fast charging stations nationwide, EVgo remains a key player in the market and is expected to sustain its growth trajectory.
Source: YAHOO