3.37
price up icon5.31%   0.17
pre-market  Pre-market:  3.38   0.010   +0.30%
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Why is Evgo Inc (EVGO) Stock down?

We've noticed a 5.71% decline in Evgo Inc (EVGO) stock during the 2024-06-28 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
09 Jun, 2023:

EVGO's stock fell 11.72% following Tesla's announcement to open its charging network to GM and the subsequent compatibility of GM's EVs with Tesla's North America Charging Standard, indicating EVgo's direct competition for utilization with Tesla.

https://www.marketwatch.com/story/heres-why-teslas-latest-ev-charging-deal-is-more-problematic-for-evgo-than-chargepoint-a4532b06

18 May, 2023:

EVGO's stock fell 10.73% after the company announced a public offering for its shares. EVgo is offering up $125 million worth of its Class A shares in the public offering. The company is also offering an additional $18.75 million worth of EVGO stock to underwriters of the offering.

https://investorplace.com/2023/05/why-is-evgo-stock-down-11-today/

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