EVgo’s stock jumps as EV-charging revenue triples

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Shares of EVgo Inc. got a nice boost Wednesday after the company, which operates an electric-vehicle-charging network, reported fourth-quarter results that beat expectations, with charging revenue more than tripling.

The company said growth in the usage of its charging stalls continues to exceed growth in EVs in operation. In 2023, 930 new stalls were added, to reach 2,990 stalls in operation at the end of the year.


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