Cantor Fitzgerald lowered the firm’s price target on EVgo (EVGO) to $6 from $7 and keeps an Overweight rating on the shares. EVgo added over 500 DC fast-charging stalls in Q45, reaching 5,100 total, with an average utilization of 24%, supporting its position as one of the most reliable and highly used public charging networks in North America, the analyst tells investors in a research note.
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