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Where Will EVgo Stock Be in 1 Year?

TheMotleyFool

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Where Will EVgo Stock Be in 1 Year?Photo, wide shot, wide-angle lens, Automotive service center, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/c8dbaa5e-abdb-40ac-b919-ed80785b056a.png

EVgo (NASDAQ: EVGO), a leading builder of electric vehicle (EV) charging stations, has burned plenty of investors. It went public by merging with a special purpose acquisition company (SPAC) in July 2021, and its stock opened at $15.05 on the first day.

But today, EVgo's stock trades at about $3. The market's initial excitement fizzled out as EV sales slowed down, more competitors carved up the market, and interest rates rose. Could this out-of-favor stock bounce back over the next 12 months?

Image source: Getty Images.

Source Fool.com

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