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J.P. Morgan Keeps Their Buy Rating on EVgo (EVGO)
In a report released yesterday, Bill Peterson from J.P. Morgan maintained a Buy rating on EVgo, with a price target of $6.00.
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According to TipRanks, Peterson is a 4-star analyst with an average return of 8.0% and a 52.61% success rate. Peterson covers the Basic Materials sector, focusing on stocks such as Alcoa, Freeport-McMoRan, and Nucor.
EVgo has an analyst consensus of Moderate Buy, with a price target consensus of $6.25.
Based on EVgo’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $92.3 million and a GAAP net loss of $12.39 million. In comparison, last year the company earned a revenue of $67.54 million and had a GAAP net loss of $11.71 million
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