EVgo Gets DOE Loan To Triple Network Without Issuing Shares; Stock Rises Near Buy Point

Blockhead12-13

EVgo (EVGO) said late Thursday it has finalized a $1.25 billion, low-interest loan facility from the Department of Energy to finance construction of 7,500 electric vehicle fast-charging stalls by 2029...

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Rises Near Buy Point\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-13 22:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/news/evgo-stock-near-buy-point-doe-loan-finalized/><strong>Blockhead</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>EVgo (EVGO) said late Thursday it has finalized a $1.25 billion, low-interest loan facility from the Department of Energy to finance construction of 7,500 electric vehicle fast-charging stalls by 2029...</p>\n\n<a href=\"https://www.investors.com/news/evgo-stock-near-buy-point-doe-loan-finalized/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1548497426.USD","symbol_name":"安联环球人工智能AT 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Artificial Intelligence AT Acc H2-SGD","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC"},"translate_title":"EVgo无需发行股票即可获得能源部向Triple Network提供的贷款；股价上涨至买入点附近","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WBX":1,"TSLA":1,"CHPT":1,"EVGO":1,"EVGO.AU":1,"TSYW.SI":0.6},"content_text":"EVgo (EVGO) said late Thursday it has finalized a $1.25 billion, low-interest loan facility from the Department of Energy to finance construction of 7,500 electric vehicle fast-charging stalls by 2029. JPMorgan analyst Bill Peterson called the news an \"early holiday gift to investors.\" EVgo stock jumped in early Friday trading, putting it in striking distance of a buy point.\nPeterson said the loan will cover 80% of project costs, with the other 20% financed by cash flows. That means investors won't see their stakes diluted by a secondary share offering to finance growth.\n\n\n\n↑\nX\n\n\n\n\nStocks Pull Back From Record Highs: Confluent, Quanta Services, Waystar In Focus\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nStocks Pull Back From Record Highs: Confluent, Quanta Services, Waystar In Focus\n\n\n\n\nEVgo Stock A 'Top Pick'\nJPMorgan kept an overweight rating on EVgo stock and called it a top pick within \"Clean Tech.\"\nDespite some talk that the incoming Trump administration will review last-minute loans issued by the Biden administration, Peterson said he sees minimal risk that the loan would be clawed back.\nEVgo Near Early Entry\nEVgo stock raced up 12.5% to 6.93 in premarket trade. A move past its 50-day moving average that clears Tuesday's intraday high of 7.15 would offer aggressive investors an early entry opportunity.\nEVgo rocketed 60.8% on Oct. 3, when a conditional commitment for the DOE loan was first announced. It peaked just above 9.07 on Oct. 25.\nAmong a trio of EV charging plays, including ChargePoint (CHPT) and Wallbox (WBX), EVgo is the clear standout at this point. Tesla (TSLA), which agreed to open up its Supercharger network to non-Tesla EVs, remains a formidable competitor.\nYOU MIGHT ALSO LIKE:\nJoin IBD Live Each Morning For Stock Tips Before The Open\nThese Are The Best 5 Stocks To Buy And Watch Now\nIBD Digital: Unlock IBD's Premium Stock Lists, Tools And Analysis Today\nHow To Make Money In Stocks In 3 Simple Steps\nAI News: Artificial Intelligence Trends and Top AI Stocks To Watch","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2491981373"}