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0.00170068027210881 0.000850340136054404 -0.00765306122448978 -0.018452380952381 -0.00765306122448978 -0.0127551020408164 -0.00850340136054434 -0.00850340136054434
Stock impact report

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 Show less Read more
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