EVgo Expands Charging Network in Midwest with $1.05 Billion DOE Loan Guarantee [Yahoo! Finance]
EVgo Inc. (EVGO)
Company Research
Source: Yahoo! Finance
states, backed by a $1.05 billion loan guarantee from the Department of Energy; EVgo shares are up 9.8% on Tuesday's early morning trading. Warning! GuruFocus has detected 3 Warning Signs with EVGO. The business will build 480 public fast charging stations at Meijer stores in Michigan, Illinois, Wisconsin, Indiana, Ohio, and Kentucky, expanding capacity from 24 at six Michigan and Ohio shops. Dennis Kish, president of EVgo, said the alliance with Meijer shows a shared dedication to improve charging infrastructure for Midwest electric car users as usage in the area increases. The Department of Energy's loan guarantee helps EVgo grow its public charging infrastructure as part of the Biden Administration's Investing in America initiative. EVgo wants to install 7,500 public charging connections at 1,100 US stations to compete with Tesla's ( TSLA Financials ) countrywide charging network. Electric vehicle stocks are on the rise after President-elect Donald Trump's victory, partic
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EVGO
News
- Why EVgo Stock Surged Over 25% This Week and Could Rally Even Higher [Yahoo! Finance]Yahoo! Finance
- As Meijer works to increase EV-charging reach, retailers are starting to see benefits [Yahoo! Finance]Yahoo! Finance
- Hilton Bets Big on India: 150 New Hotels Planned Amid Shift From China [Yahoo! Finance]Yahoo! Finance
- Hilton Bets Big on India: 150 New Hotels Planned Amid Shift From China [Yahoo! Finance]Yahoo! Finance
- EVgo and Meijer Expand Partnership to Install up to 480 New Fast Charging Stalls at Meijer Locations Across Midwest [Yahoo! Finance]Yahoo! Finance
EVGO
Earnings
- 11/12/24 - Miss
EVGO
Sec Filings
- 11/15/24 - Form 4
- 11/14/24 - Form 144
- 11/12/24 - Form 10-Q
- EVGO's page on the SEC website