EVgo: Q3 Results Likely To Support Reversal Rally
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EVgo has been given a 'Buy' rating due to strong Q3 2024 results, including 92% revenue growth and margin expansion. The company is expected to benefit from a DOE loan approval and aims for EBITDA breakeven by 2025, which could drive stock price appreciation.
December 03, 2024 | 6:30 pm
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EVgo has been rated 'Buy' due to impressive Q3 2024 results, including 92% revenue growth and margin expansion. The company is poised for growth with potential DOE loan approval and aims for EBITDA breakeven by 2025.
The 'Buy' rating is based on EVgo's strong Q3 performance, with significant revenue growth and margin expansion. The potential DOE loan approval and target for EBITDA breakeven by 2025 are expected to positively impact the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100