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EVgo (EVGO) Builds Momentum in Clean Transportation Solutions

EVgo Inc. (NASDAQ:EVGO) is one of the best alternative energy stocks to invest in according to analysts. On January 27, EVgo Inc. (NASDAQ:EVGO) said it plans to roll out North American Charging Standard, or NACS, connectors across its network. Also known as SAE J3400, the connector type was originally developed by Tesla and has since been adopted as the US industry standard. EVgo’s existing network uses Combined Charging System connectors that are incompatible with NACS vehicles unless an adapter is used.

EVgo intends to install the new NACS stalls in cities where NACS-equipped EVs are already in large numbers. This includes San Francisco, Detroit, Dallas, Chicago, Phoenix, Orlando, Las Vegas, Houston, and Austin. The company said that most charging locations will receive two to four NACS connectors per site.

Separately, on January 13, EVgo detailed plans to expand its long-running partnership with Kroger. Kroger is the largest grocery chain in the US by revenue, and the partnership involves the retailer hosting EVgo’s fast-charging stalls.

EVgo said it plans to install at least 150 fast-charging stalls per year through 2035. The company detailed that each eligible Kroger site will receive up to 16 high-power fast-charging stalls. Each will be sized to deliver a full charge in as little as 15 minutes.

The expansion covers the full family of Kroger-owned banners; the eligible locations include Foods Co., Fred Meyer, Fry’s Food Stores, Harris Teeter, King Soopers, and Smith’s Food and Drug.

EVgo Inc. (NASDAQ:EVGO) is an electric vehicle charging company headquartered in Los Angeles, California. It owns and operates one of the largest public fast-charging networks in the United States, with stations located in major metropolitan areas and along highways.

While we acknowledge the potential of EVgo Inc. (NASDAQ:EVGO) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than EVGO and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 13 Best Infrastructure Stocks to Buy Right Now and 10 Best S&P 500 Stocks With Highest Upside Potential.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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