EVgo Investors Get 'Holiday Gift' As Company Closes $1.25 Billion DOE Loan
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EVgo (EVGO) shares experienced volatility after the company secured $1.25 billion in loan guarantees from the U.S. Department of Energy to expand its electric vehicle charging infrastructure.
December 13, 2024 | 9:45 pm
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EVgo received $1.25 billion in loan guarantees from the U.S. Department of Energy, which is expected to help the company expand its EV charging infrastructure. This news caused significant stock price volatility.
The $1.25 billion loan guarantee from the DOE is a significant financial boost for EVgo, enabling it to expand its charging network. This is likely to positively impact the company's growth prospects and investor sentiment, leading to a potential increase in stock price.
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