Thursday, UBS analyst William Grippin upgraded shares to Buy from Hold. His price target increased by more than 100% to $8.50 from $4 a share.

Key Takeaways EVgo received a conditional $1.05 billion loan guarantee from the Department of Energy to install public EV charging stations.The company expects to put 7,500 fast-charging stalls around the U.

Shares of EVgo Inc. (NASDAQ:EVGO) soared 24% on Wednesday, driven by a bullish upgrade from JPMorgan and news of a $1 billion loan guarantee from the U.S. Department of Energy (DOE). The stock initially rose 9% following the

J.P. Morgan believes there is an opportunity in electric-vehicle charging stocks. Investors have to just pick the right ones. Thursday, J.P. Morgan analyst Bill Peterson upgraded shares of EVgo to Buy from Hold,

Shares of EVgo jumped more than 30% after the charging startup got a $1.05 billion loan commitment from the Energy Department's Loan Programs Office. The loan is part of the government's effort to [ac