<div id="readability-page-1"><p>EVgo Inc. (NASDAQ:EVGO - Get Free Report) traded down 5.8% during mid-day trading on Thursday . The stock traded as low as $3.21 and last traded at $3.25. 1,276,528 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 4,285,503 shares. The stock had previously closed at $3.45.</p><h2>Analyst Upgrades and Downgrades</h2><ul><li>EVgo's 37% Revenue Growth: Forget the Car, Buy the Gas Station</li></ul><p>EVGO has been the topic of a number of analyst reports. Needham &amp; Company LLC  reiterated a &#34;hold&#34; rating on shares of EVgo in a research report on Tuesday, October 14th. Stifel Nicolaus cut their target price on shares of EVgo from $8.00 to $7.50 and set a &#34;buy&#34; rating on the stock in a research note on Tuesday, November 25th. Weiss Ratings  reissued a &#34;sell (d-)&#34; rating on shares of EVgo in a research note on Wednesday, October 8th. Cantor Fitzgerald  reissued an &#34;overweight&#34; rating on shares of EVgo in a research report on Monday, November 17th. Finally, UBS Group raised their price target on shares of EVgo from $5.40 to $5.90 and gave the company a &#34;buy&#34; rating in a research report on Tuesday, November 11th. Six investment analysts have rated the stock with a Buy rating, two have issued  a Hold rating and one  has issued  a Sell rating to the company's stock. Based on data from MarketBeat.com, the company  has an average rating of &#34;Moderate Buy&#34; and an average price target of $5.82.</p><p><b>Check Out Our Latest Research Report on EVGO</b></p><h2>EVgo Trading Down 2.0%</h2><ul><li>EV Charging Solutions: GM's Move Reflects Industry Challenges</li></ul><p>The company has a market capitalization of $1.04 billion, a PE ratio of -8.67 and a beta of 2.37. The stock's fifty day moving average is $3.75 and its two-hundred day moving average is $3.86. </p><p>EVgo (NASDAQ:EVGO - Get Free Report) last announced its quarterly earnings data on Monday, November 10th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.09. The company had revenue of $92.30 million during the quarter, compared to the consensus estimate of $94.42 million. The business's revenue was up 36.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.11) EPS.  As a group, analysts anticipate that  EVgo Inc. will post -0.45 EPS for the current fiscal year. </p><h2>Institutional Trading of EVgo</h2><ul><li>The Squeeze Is On For EVGo, Rally To Follow </li></ul><p>A number of large investors have recently bought and sold shares of EVGO. Vanguard Group Inc. increased its holdings in  EVgo by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 12,399,808 shares of the company's stock worth $58,651,000 after acquiring an additional 157,376 shares during the last quarter.  Millennium Management LLC raised its position in shares of  EVgo by 25.9% in the first quarter. Millennium Management LLC now owns 5,819,392 shares of the company's stock valued at $15,480,000 after purchasing an additional 1,195,470 shares during the period.  Soros Fund Management LLC lifted its stake in shares of  EVgo by 342.2% during the 2nd quarter. Soros Fund Management LLC now owns 4,976,983 shares of the company's stock valued at $18,166,000 after buying an additional 3,851,583 shares in the last quarter.  HITE Hedge Asset Management LLC boosted its holdings in  EVgo by 220.0% in the 1st quarter. HITE Hedge Asset Management LLC now owns 3,348,303 shares of the company's stock worth $8,906,000 after buying an additional 2,301,886 shares during the period.  Finally, Geode Capital Management LLC grew its stake in  EVgo by 11.1% in the 2nd quarter. Geode Capital Management LLC now owns 3,147,529 shares of the company's stock valued at $11,490,000 after buying an additional 313,335 shares in the last quarter. 17.44% of the stock is owned by hedge funds and other institutional investors. </p><h2>About EVgo</h2> (Get Free Report)<p>EVgo, Inc owns and operates a direct current fast charging network for electric vehicles (EVs) 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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than EVgo</li><li>What Makes a Stock a Good Dividend Stock?</li><li>Beyond the Magnificent 7: Meet 3 of Tech’s Rising Stars</li><li>Bank Stocks - Best Bank Stocks to Invest In</li><li>The Quantum Fleet: Investing in the New Quantum Standard</li><li>Investing in Travel Stocks Benefits</li><li>AST SpaceMobile Gears Up for Its BlueBird 6 Launch Next Week</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in EVgo Right Now?</h2><p>Before you consider EVgo, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EVgo wasn't on the list.</p><p>While EVgo currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

EVGO

<p>EVgo Inc. (NASDAQ:EVGO) shares fell 5.8% during mid-day trading, with the stock trading as low as $3.21. Despite the decline, analysts have mixed ratings: six rate it as a Buy, two as Hold, and one as Sell. The company reported a 36.7% revenue increase year-over-year. Institutional investors have been actively trading EVgo shares, with significant holdings by Vanguard, Millennium Management, and Soros Fund Management. EVgo operates a fast charging network for electric vehicles in the U.S.</p>

EVgo (NASDAQ:EVGO) Shares Down 5.8% - Should You Sell?