EVGO INC (EVGO)
US30052F1003 - Common Stock
EVgo Receives First Drawdown from $1.25 Billion Loan Guarantee
Why Tesla Stock Jumped in December While EV Charging Stocks Tanked
Tesla (NASDAQ: TSLA) CEO Elon Musk bet on Donald Trump winning the November election, and investors jumped on the Tesla bandwagon after discovering he bet right. The election results helped drive Tesla shares sharply higher to end the year. ChargePoint Holdings (NYSE: CHPT) and EVgo (NASDAQ: EVGO) shares slid 12.3% and 37.8%, respectively.
Why Tesla Stock Jumped in December While EV Charging Stocks Tanked
EVgo Stock: Buy, Sell, or Hold?
Why EVgo Stock Plunged This Week
Investors Snag EVGO 12.2% Lower Than Its Secondary Stock Offering
Relative Strength Alert For EVgo
Why EVgo Stock Crashed 27% Today
EVGo (NASDAQ: EVGO) stock tumbled 27% through 10:05 a.m. ET Tuesday after the operator of charging stations for electric vehicles announced last night that EVgo Holdings, LLC, will sell at least 23 million new shares of common stock (and perhaps as many as 26.5 million) in a secondary offering. To its credit, EVgo made this clear in a press release, noting, "EVgo Holdings, LLC [is] an affiliate of LS Power Equity Partners IV, L.P.," a shareholder of EVgo proper -- so for clarity, from here on I'll be referring to EVgo Holdings as "the insider."
Why EVgo Stock Crashed 27% Today
Why Is Fast Charging Network EVgo Stock Plunging Today?
EVgo Inc. (NASDAQ:EVGO) shares are trading lower in premarket trading following the announcement of the pricing of a secondary public offering. The previously announced offering by EVgo Holdings, an affiliate of LS Power Equity Partners IV, involves 23 million shares of EVgo’s Class A common stock priced at $5.00 per share. Additionally, LS Power has granted underwriters a 30-day option to purchase up to 3.45 million more shares at the same price. Notably, EVgo itself is not selling any shares,
EVgo Inc. Announces Secondary Offering of Class A Common Stock
Tortoise Capital Announces Index Updates for Fourth Quarter 2024
EVgo Gets DOE Loan To Triple Network Without Issuing Shares; Stock Rises Near Buy Point
EVgo stock jumped near a buy point after finalizing a Department of Energy loan that will finance construction of 7,500 EV charging stalls.
EVgo Closes $1.25 Billion Loan From Government To Expand Fast Charging Network; Stock Gains
EVgo Inc. (NASDAQ:EVGO) shares are trading higher on Friday. EVgo announced the closure of a $1.25 billion guaranteed loan facility from the U.S. Department of Energy’s (DOE) Loan Programs Office. This loan is part of the DOE’s Title 17 Clean Energy Financing Program and is designed to support EVgo’s ambitious plans to expand its public electric vehicle (EV) charging infrastructure. The company aims to build 7,500 new fast charging stalls across the U.S., increasing its network to at least 10,00
EVgo Closes $1.25 Billion Guaranteed Loan Facility from U.S. Department of Energy
EVgo and GM Surpass 2,000 Public Fast Charging Stalls in the U.S.
Why EVgo Stock Surged Over 25% This Week and Could Rally Even Higher
The electric vehicle charging stock could skyrocket if this happens.
