EVgo Inc Class A
EVGO: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$4.20 | Vxr | Bxrrbjmy |
EVgo: Federal Funds for EV Fast Charging Begin To Flow; Shares Overvalued
We maintain our $3 fair value estimate for EVgo following news that the company and its partners have been selected to receive federal funds to build out fast-charging stations in Ohio. The shares reacted positively to the news, up 14% at the time of writing, but we view them as overvalued.