EVgo, Inc. Price & Performance (EVGOW)

Major institutional investors, including Renaissance Technologies and HBK Investments, have recently increased their holdings in EVgo, signaling confidence in the EV charging company’s prospects. This comes as analysts maintain a consensus “Buy” rating, with price targets averaging $5.78, reflecting positive sentiment despite sector volatility and ongoing expansion efforts.123

Invesco Ltd. now holds $5.31 million in EVgo stock, as insider transactions reveal President Dennis Kish sold 44,184 shares, reducing his stake by over 30%. EVgo shares have traded between $1.72 and $9.07 this year, underscoring the stock’s volatility amid ongoing infrastructure growth and market uncertainty.45

The joint effort between Pilot, General Motors Energy, and EVgo has exceeded 130 electric vehicle charging sites across more than 25 states. This milestone advances their goal of 2,000 stalls at 500 locations, bolstering EVgo’s network footprint despite concerns of a potential slowdown in new installations under current federal policies.67