Rising EV Sales and Optimistic Interest Rate Forecast Drive EVgo Stock Price Up
Friday, 12 July 2024, 20:23
Rising EV Sales Drive Stock Surge
EVgo (EVGO) shares saw an impressive 18% increase following strong electric vehicle deliveries, demonstrating the market's positive response to the company's performance.
Optimistic Outlook on Interest Rates
Benchmark's decision to raise the price target for EVgo was influenced by the promising prospects of lower interest rates, which are expected to further enhance the stock's attractiveness to investors.
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