EVgo (NYSE:EVGO) Receives New Coverage from Analysts at Tudor Pickering

Tudor Pickering assumed coverage on shares of EVgo (NYSE:EVGO – Get Rating) in a research report sent to investors on Thursday morning, The Fly reports. The firm issued a buy rating and a $16.00 target price on the stock.

EVGO has been the topic of a number of other research reports. Capital One Financial cut EVgo from an overweight rating to an equal weight rating in a report on Thursday, February 3rd. Needham & Company LLC assumed coverage on EVgo in a report on Tuesday, December 28th. They set a hold rating on the stock. Zacks Investment Research lowered EVgo from a hold rating to a sell rating in a research report on Friday, April 15th. Finally, JPMorgan Chase & Co. dropped their price target on EVgo from $20.00 to $14.00 in a research report on Friday, January 28th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, EVgo currently has an average rating of Hold and an average price target of $15.44.

Shares of EVGO opened at $9.97 on Thursday. EVgo has a 1 year low of $7.00 and a 1 year high of $19.59. The stock’s 50-day moving average price is $11.50 and its two-hundred day moving average price is $10.74.

Institutional investors have recently made changes to their positions in the stock. Addison Advisors LLC raised its position in EVgo by 400.0% in the 4th quarter. Addison Advisors LLC now owns 2,500 shares of the company’s stock valued at $25,000 after buying an additional 2,000 shares during the last quarter. Rockefeller Capital Management L.P. bought a new position in shares of EVgo during the 3rd quarter worth approximately $28,000. US Bancorp DE bought a new position in shares of EVgo during the 3rd quarter worth approximately $29,000. BerganKDV Wealth Management LLC bought a new position in shares of EVgo during the 3rd quarter worth approximately $33,000. Finally, Concourse Financial Group Securities Inc. boosted its stake in shares of EVgo by 1,064.3% during the 4th quarter. Concourse Financial Group Securities Inc. now owns 3,493 shares of the company’s stock worth $35,000 after acquiring an additional 3,193 shares during the period. 9.08% of the stock is currently owned by institutional investors and hedge funds.

About EVgo (Get Rating)

EVgo, Inc owns and operates a direct current fast charging network in the United States. The company offers electricity directly to drivers, who access its publicly available networked chargers; original equipment manufacturer charging and related services; fleet and rideshare public charging services; and charging as a service and fleet dedicated charging services.

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