Why EVgo Stock Rocketed Over 30% Higher Today
A record quarter helped shares of EVgo (NASDAQ: EVGO) surge higher by more than 30% Tuesday morning. That spike came after revenue at the electric vehicle (EV) charger company came in 36% higher year over year.Its first-quarter results also topped analyst expectations. After installing 180 new charging stalls, the company ended the first quarter with 4,240 operating EV stalls. Investors liked what they heard, sending shares higher by 35.7% as of 11:30 a.m. ET.Continue reading
A record quarter helped shares of EVgo (NASDAQ: EVGO) surge higher by more than 30% Tuesday morning. That spike came after revenue at the electric vehicle (EV) charger company came in 36% higher year over year.
Its first-quarter results also topped analyst expectations. After installing 180 new charging stalls, the company ended the first quarter with 4,240 operating EV stalls. Investors liked what they heard, sending shares higher by 35.7% as of 11:30 a.m. ET.
