ECP ControlCo LLC acquired a new stake in Allego (NYSE:ALLG – Get Rating) in the 1st quarter, Holdings Channel.com reports. The fund acquired 1,000,000 shares of the company’s stock, valued at approximately $15,120,000. Allego accounts for 2.8% of ECP ControlCo LLC’s holdings, making the stock its 5th biggest holding.
Separately, Penserra Capital Management LLC acquired a new position in shares of Allego in the 1st quarter valued at approximately $105,000. Hedge funds and other institutional investors own 33.16% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on ALLG shares. Capital One Financial lowered Allego from an “overweight” rating to an “equal weight” rating in a research report on Friday, May 13th. Citigroup began coverage on Allego in a research report on Thursday. They set a “buy” rating and a $10.00 price target for the company.
Allego Stock Up 2.1 %
Allego Company Profile
Allego N.V. operates as an electric vehicle (EV) charging company. The company offers charging solutions for electric cars, motors, buses, and trucks. It has a charging network with renewable energy and charging solutions for business-to-business customers, including leading retail and auto brands. The company has approximately 28,000 charging ports in Europe.
- Get a free copy of the StockNews.com research report on Allego (ALLG)
- MarketBeat: Week in Review 9/5 – 9/9
- Prepare For A Record-Setting Quarter For Cyber Security Stocks
- The Auto Market Is Slowly Recovering, These Stocks May Outperform
- Is DocuSign On The Verge Of A Major Reversal?
- Oil and Gas Stocks: A Safe Way to Invest in Renewable Energy
Receive News & Ratings for Allego Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allego and related companies with MarketBeat.com's FREE daily email newsletter.