EVgo stock surged 13.7% after reporting smaller-than-expected Q4 loss and increased revenue.

EVgo stock jumped on Wednesday after the electric-vehicle charging company reported a smaller-than-expected loss and solid guidance for the fourth quarter. The company's revenue increased by 83% to $50 million, surpassing projected sales of $44 million. EVgo also reported an adjusted EBITDA loss of $14 million, compared to a $20.1 million loss a year ago. The stock surged 13.7% to $3.16 following the news.

March 06, 2024
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