EVgo Growth Dampened By DOE Loan And EV Incentive Uncertainty, Analyst Says
1. J.P. Morgan maintains Overweight rating for EVgo, lowering price target to $5. 2. EVgo is expected to achieve significant revenue growth despite slow EV adoption. 3. Increasing charger usage and partnerships support EVgo's growth strategy. 4. Investor sentiment remains cautious due to funding and policy uncertainties. 5. Revenue estimates for FY25 dropped, while FY26 estimates increased.