EVgo Stock: Buy, Sell, or Hold?

EVgo (NASDAQ: EVGO), a leading builder of EV charging networks, went public in July 2021 by merging with a special purpose acquisition company (SPAC). The combined company's stock opened at $15.05 on its first day, but it now trades at about $4.Like many other SPAC-backed EV companies, EVgo overpromised and underdelivered. In its pre-merger presentation, it claimed it could grow its revenue from an estimated $20 million in 2021 to $166 million in 2023. It got off to a good start by generating $22 million in revenue in 2021, but that figure only rose to $161 million in 2023.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool