
EVgo’s Strategic Positioning for Growth Amidst Market Expansion and Infrastructure Opportunities

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J.P. Morgan analyst Bill Peterson maintains a Buy rating on EVgo, citing growth potential from increased EV adoption and reduced competitor infrastructure investment. EVgo plans to expand its market by increasing NACS ports and optimizing stall utilization. Despite market challenges, EVgo is seen as a stable infrastructure asset with potential for significant EBITDA growth. Evercore ISI also maintains a Buy rating with a $4.00 price target.
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