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EVgo's stock jumps over 30% after reporting record revenue and expanding charging network.
EVgo's stock surged over 30% on Tuesday, following the company's report of record quarterly revenue, which rose 36% year-over-year to $75.3 million, beating analyst expectations.
The company also installed 180 new charging stalls, bringing the total to 4,240.
Despite an adjusted operating loss of $5.9 million, EVgo reaffirmed its plan to reach up to $10 million in annual EBITDA.
The stock's rise comes amid a six-month decline, with shares nearly halved.
Investors are optimistic about EVgo's future profitability amid growing EV adoption.
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Las acciones de EVgo saltan más del 30% después de reportar ingresos récord y la expansión de la red de recarga.