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EVgo’s Focus On High-Traffic Locations Positions It As An Attractive Charging Operator, Says analyst

Benchmark analyst Michael Legg has initiated coverage on EVgo with a Buy rating and a $3 price target. EVgo operates 3,240 stalls across 35 states, with plans to add 800 stalls annually. The analyst expects significant financial growth through 2025, with EVgo achieving positive EBITDA by year-end.

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