Why EVgo Stock Surged Over 25% This Week and Could Rally Even Higher
EVgo (EVGO) The Motley Fool·2024-11-23 05:05
The electric vehicle charging stock could skyrocket if this happens.After falling steadily for some weeks, EVgo (EVGO 1.76%) rebounded sharply this week, surging 27% at its highest point in trading through 2 p.m. ET Friday, according to data provided by S&P Global Market Intelligence.Investors might be worried about the fate of EVs under the Trump administration, but at least one analyst believes EVgo could soon get big funding that should propel the electric vehicle (EV) charging stock.The biggest reason w ...