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EVgo Inc. - EVGO STOCK NEWS

Welcome to our dedicated page for EVgo news (Ticker: EVGO), a resource for investors and traders seeking the latest updates and insights on EVgo stock.

EVgo Inc. (Nasdaq: EVGO) is a prominent leader in the electric vehicle (EV) charging industry, operating one of America’s largest public EV fast charging networks. EVgo’s mission is to accelerate the mass adoption of electric vehicles through its extensive network that spans across more than 35 states, featuring over 1,000 fast charging locations. The company prides itself on owning, maintaining, and operating all of its stations, providing a seamless and reliable charging experience for EV drivers.

EVgo’s fast chargers are eight times faster than conventional Level 2 chargers, with its DC fast chargers offering 50kW power that can be upgraded to 350kW. This enables EVgo to cater to all electric vehicle models currently available in the US, making it a versatile and accessible choice for a wide range of EV users. Additionally, the company offers over 350 Level 2 chargers to complement its fast charging network.

EVgo partners with a variety of entities including national and regional chains of grocery stores, automotive original equipment manufacturers, hotels, shopping centers, gas stations, parking lot operators, local governments, and independent property owners. These partnerships help EVgo strategically locate and deploy its EV charging infrastructure, ensuring optimal accessibility and convenience for users.

Recent achievements highlight EVgo’s continuous growth and innovation in the sector. In Q1 2024, EVgo, in collaboration with SLB Capital Advisors, executed four significant sale leaseback transactions valued at approximately $27 million for properties in Los Angeles, Santa Monica, San Diego, and Brooklyn. These properties will feature fast charging stalls owned and operated by EVgo, marking a strategic expansion in key urban markets. This move not only underscores EVgo's commitment to enhancing charging infrastructure but also introduces sale leaseback as a viable financing tool within the renewable energy space.

Moreover, EVgo has partnered with Toyota Motor North America to install high-power 350kW chargers in underserved communities such as Baldwin Park and Sacramento, California. This initiative, aimed at promoting equitable EV charging access, is part of Toyota's

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EVgo and General Motors have surpassed 1,000 fast charging stalls as part of their collaboration to expand fast charging infrastructure. The collaboration will lead to the development and installation of 3,250 DC fast charging stalls in major metro markets.
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EVgo Inc. (Nasdaq: EVGO) will release its second quarter 2023 financial results on August 2, 2023, followed by a webcast hosted by the management team. The webcast will be available for replay on the company's website.
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EVgo and its eXtend partners have been selected by DriveOhio for proposed awards of $13.8M in funding to deploy 20 fast charging stations in Ohio. This is part of the National Electric Vehicle Infrastructure program, with EVgo and its partners receiving over 75% of the awarded funds. EVgo currently operates 37 fast charging stalls across 10 locations in Ohio.
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FAQ

What is the current stock price of EVgo (EVGO)?

The current stock price of EVgo (EVGO) is $4.34 as of January 6, 2025.

What is the market cap of EVgo (EVGO)?

The market cap of EVgo (EVGO) is approximately 565.2M.
EVgo Inc.

Nasdaq:EVGO

EVGO Rankings

EVGO Stock Data

565.24M
100.61M
6.47%
52.63%
33.54%
Specialty Retail
Services-automotive Repair, Services & Parking
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United States of America
LOS ANGELES