EVgo Inc. (EVGO): UBS Bullish on EV Charging Potential

EVgo Inc. (NASDAQ:EVGO) is included among the 12 Most Promising Clean Energy Stocks According to Wall Street Analysts.

EVgo Inc. (NASDAQ:EVGO) owns and operates a direct current fast charging network for electric vehicles in the United States. In August, an analyst from UBS raised the price target on the stock to $5.40 from $5 and kept a Buy rating on the shares. EVgo is UBS’ preferred EV charging exposure due to potential upcoming catalysts, the analyst told investors in a research note. Analysts at Roth Capital, Morgan Stanley, and Evercore ISI also have similar bullish views on the clean energy firm, per recent updates.

Earlier this month, EVgo, Inc. (NASDAQ:EVGO) announced that it had partnered with Pilot Company and General Motors to expand the reach of their collaborative network to more than 200 locations across nearly 40 states. Per the announcement, in just over two years, the companies have worked together to bridge charging gaps by deploying nearly 850 new electric vehicle fast charging stalls across America. By the end of 2025, the companies anticipate reaching 1,000 stalls across 40 states.

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