Why EVgo Stock Is Surging Today
Shares of electric vehicle (EV) charging network EVgo (NASDAQ: EVGO) were surging again on Wednesday, a day after the company's upbeat third-quarter earnings report.
As of 1:45 p.m. ET, EVgo's shares were up about 8.5% from Tuesday's closing price.
EVgo reported its third-quarter results before U.S. markets opened on Tuesday. The report was a good one: While its loss of $0.11 per share was slightly wider than Wall Street had expected, its revenue of $67.5 million exceeded expectations -- and its total network throughput, a measure of utilization, was up 111% from the same period in 2023.
Source Fool.com
