EVgo (NYSE:EVGO) Shares Gap Up to $7.28

Shares of EVgo Inc. (NYSE:EVGO) gapped up before the market opened on Tuesday . The stock had previously closed at $7.28, but opened at $7.55. EVgo shares last traded at $7.82, with a volume of 15,475 shares traded.

A number of brokerages have issued reports on EVGO. Citigroup began coverage on EVgo in a research report on Wednesday, September 15th. They set a “neutral” rating and a $10.00 price target for the company. Evercore ISI began coverage on EVgo in a research report on Tuesday, July 27th. They set an “outperform” rating and a $18.00 price target for the company. Bank of America began coverage on EVgo in a research report on Monday, August 30th. They set a “neutral” rating for the company. Vertical Research started coverage on EVgo in a research report on Wednesday, July 7th. They set a “neutral” rating for the company. Finally, Credit Suisse Group started coverage on EVgo in a report on Tuesday. They issued an “outperform” rating and a $11.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $14.25.

The company has a debt-to-equity ratio of 52.82, a current ratio of 42.77 and a quick ratio of 42.77. The firm’s fifty day simple moving average is $9.87.

An institutional investor recently bought a new position in EVgo stock. Alyeska Investment Group L.P. bought a new position in shares of EVgo Inc. (NYSE:EVGO) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 900,000 shares of the company’s stock, valued at approximately $12,091,000. Alyeska Investment Group L.P. owned 3.13% of EVgo as of its most recent SEC filing. Institutional investors own 2.98% of the company’s stock.

EVgo Company Profile (NYSE:EVGO)

EVgo Inc operates a fast charging network for electric vehicles in the United States. It owns and operates approximately 800 fast charging locations in 65 metropolitan areas across 34 states. The company was founded in 2010 and is based in Los Angeles, California.

Further Reading: Stocks Increasing Dividends

Receive News & Ratings for EVgo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EVgo and related companies with MarketBeat.com's FREE daily email newsletter.