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UBS boosts EVgo, citing growth in EV charging from rising EV use and government backing.
UBS has taken a bullish stance on EVgo, citing strong growth potential in the electric vehicle charging sector driven by rising EV adoption and government support.
The firm highlighted EVgo’s extensive fast-charging network, strategic partnerships, and focus on public and fleet charging as key advantages.
Despite near-term challenges like competition and capital needs, UBS sees long-term value in EVgo’s scale and leadership in fast charging, reflecting broader investor interest in clean transportation infrastructure.
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UBS impulsa EVgo, citando el crecimiento en la carga de EV debido al aumento del uso de EV y el respaldo del gobierno.