Why EVgo Stock Was an Electric Stock This Week

The traffic light was bright green for EVgo (NASDAQ: EVGO) stock over the past few days on the market. An analyst reiterated his buy case on the electric charging station stock, and investors took this to heart. According to data compiled by S&P Global Market Intelligence, EVgo's shares were motoring 13% higher week to date as of Thursday night.The latest prognosticator to weigh in with a positive take on EVgo was Cantor Fitzgerald's Andres Sheppard. Before the start of the trading week, early Monday morning, he reiterated his overweight (i.e., buy) recommendation on the company's stock and his price target of $7 per share. That level anticipates robust upside of nearly 51% on the company's most recent closing price. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool