EVgo: Don't Blink On NEVI

Summary

• EVgo is well-positioned to benefit from the electrification wave in the U.S. with its comprehensive portfolio of EV charging offerings.
• But the strategy's capital-intensive nature remains a burden on its profit profile and, inadvertently, valuation prospects.
• The recent development on EVgo's prospects in front-running NEVI funding realization is expected to be a near-term respite for its ROI formula and should serve the stock well.

sanfel

EVgo (NASDAQ:EVGO) is one of the best-positioned EV charging infrastructure operators to benefit from the electrification wave in the U.S. With a comprehensive portfolio of charging offerings - spanning an owned and operated DC fast charging ("DCFC") networking, an operated-only

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.