EVgo Shares Surge on Major Charging Network Milestone

EVgo shares demonstrated significant strength in Friday’s trading session, climbing 4.3% as investors responded to the company’s announcement of a critical achievement in its national expansion strategy.

The charging infrastructure company’s momentum is supported by solid financial results. For the second quarter of 2025, EVgo reported a 47% surge in revenue, reaching $98 million, while also exceeding profit expectations. This operational performance has maintained strong analyst sentiment toward the stock.

Market researchers remain decidedly optimistic about EVgo’s prospects. Twelve research firms currently maintain “Buy” recommendations on the company’s shares. The average price target stands at $6.24, with both Morgan Stanley and UBS Group having recently raised their expectations for the stock’s performance.

Strategic Expansion Through Partnerships

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