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EVgo (EVGO) Receives a Buy from Roth MKM

Tipranks - Tipranks - Thu Mar 5, 7:18AM CST

Roth MKM analyst Craig Irwin maintained a Buy rating on EVgo today and set a price target of $3.50.

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According to TipRanks, Irwin is a 5-star analyst with an average return of 10.9% and a 45.36% success rate. Irwin covers the Industrials sector, focusing on stocks such as Blue Bird, Electrovaya, and Ameresco.

In addition to Roth MKM, EVgo also received a Buy from RBC Capital’s Chris Dendrinos in a report issued yesterday. However, today, Morgan Stanley maintained a Hold rating on EVgo (NASDAQ: EVGO).

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Based on EVgo’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $118.47 million and a GAAP net loss of $4.83 million. In comparison, last year the company earned a revenue of $67.51 million and had a GAAP net loss of $12.42 million

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