EVgo (NYSE:EVGO) Now Covered by Analysts at Cantor Fitzgerald

Investment analysts at Cantor Fitzgerald initiated coverage on shares of EVgo (NYSE:EVGOGet Rating) in a research report issued on Thursday, The Fly reports. The brokerage set an “overweight” rating on the stock.

Several other research analysts have also recently weighed in on the stock. Capital One Financial cut shares of EVgo from an “overweight” rating to an “equal weight” rating in a research report on Thursday, February 3rd. Tudor, Pickering, Holt & Co. began coverage on shares of EVgo in a research report on Thursday, April 21st. They issued a “buy” rating and a $16.00 price objective on the stock. Tudor Pickering began coverage on shares of EVgo in a research report on Thursday, April 21st. They issued a “buy” rating and a $16.00 price objective on the stock. JPMorgan Chase & Co. decreased their price objective on shares of EVgo from $20.00 to $14.00 in a research report on Friday, January 28th. Finally, Zacks Investment Research cut shares of EVgo from a “hold” rating to a “sell” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $15.56.

EVGO stock opened at $9.56 on Thursday. The company’s 50 day moving average is $11.49 and its 200 day moving average is $10.79. EVgo has a 1-year low of $7.00 and a 1-year high of $19.59.

Large investors have recently added to or reduced their stakes in the company. Addison Advisors LLC boosted its stake in shares of EVgo by 400.0% during the fourth quarter. Addison Advisors LLC now owns 2,500 shares of the company’s stock valued at $25,000 after purchasing an additional 2,000 shares during the period. Rockefeller Capital Management L.P. purchased a new stake in shares of EVgo during the third quarter valued at approximately $28,000. US Bancorp DE purchased a new stake in shares of EVgo during the third quarter valued at approximately $29,000. BerganKDV Wealth Management LLC purchased a new stake in shares of EVgo during the third quarter valued at approximately $33,000. Finally, Concourse Financial Group Securities Inc. lifted its stake in EVgo by 1,064.3% in the fourth quarter. Concourse Financial Group Securities Inc. now owns 3,493 shares of the company’s stock worth $35,000 after acquiring an additional 3,193 shares during the period. 9.08% of the stock is owned by hedge funds and other institutional investors.

EVgo Company Profile (Get Rating)

EVgo, Inc owns and operates a direct current fast charging network in the United States. The company offers electricity directly to drivers, who access its publicly available networked chargers; original equipment manufacturer charging and related services; fleet and rideshare public charging services; and charging as a service and fleet dedicated charging services.

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Analyst Recommendations for EVgo (NYSE:EVGO)

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