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Stock impact report

Where Will EVgo Stock Be in 10 Years? [Yahoo! Finance]

EVgo Inc. (EVGO) 
Company Research Source: Yahoo! Finance
The market share of electric vehicles for new car sales in the United States actually fell in the last few quarters. This has presented a problem for EVgo (NASDAQ: EVGO) stock. The electric charging network's share price is off 86% from all-time highs due to this narrative of falling electric vehicle sales. But if you look at the underlying EVgo business, it is growing rapidly and improving profitability. When electric vehicle sales eventually return to growth, the company should see further increases in demand in the coming years. Does that make the stock a buy today? Where will EVgo stock sit in 10 years' time? Let's take a closer look and find out. Charging stations for electric vehicles EVgo owns one of the largest networks of charging stations for Read more
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