EVgo Inc Class A

EVGO: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$6.90	Kbs	Snqclnpzj

EVgo: Federal Funds for EV Fast Charging Begin To Flow; Shares Overvalued

Brett Castelli

Jul 17, 2023

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.

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