- EVgo Inc (NASDAQ:EVGO) has bagged proposed awards of $6.6 million from the California Energy Commission’s (CEC) California Electric Vehicle Infrastructure Project (CALeVIP) 2.0 program.
- With the proposed funding, EVgo will build more than 100 DC fast charging stalls across 17 locations in central and eastern California.
- It is a part of the Golden State Priority Project (GSPP), which provides rebates for installing DC fast chargers capable of at least 150kW.
- EVgo will be deploying high-power 350kW chargers at each of the locations.
- “EVgo recognizes the ongoing importance of public-private partnerships to enable rapid EV adoption, and the California Energy Commission is a true leader in incenting market acceleration and private sector investment through programs like CALeVIP 2.0,” said chief commercial officer Jonathan Levy.
- Price Action: EVGO shares are trading higher by 3.33% at $7.44 in premarket on the last check Tuesday.
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Raymond James Maintains Outperform on Mercantile Bank, Raises Price Target to $38
Raymond James analyst Daniel Tamayo maintains Mercantile Bank (NASDAQ:MBWM) with a Outperform and raises the price target from $35 to $38.
