MARKET
EVgo’s stock jumps as EV-charging revenue triples
Shares of EVgo Inc. EVGO rallied 7.6% toward a two-month high in premarket trading Wednesday, after the provider of electric-vehicle chargers company beat fourth-quarter revenue expectations, boosted by a tripling in charging revenue. Net losses widened to $12.6 million, or 12 cents a share, from $4.4 million, or 6 cents a share, in the year-ago period. The FactSet consensus for per-share losses was 17 cents. Total revenue increased 83.1% to $50 million, above the FactSet consensus of $43.9 million, as total charging network revenue jumped 211.6% to $28.34 million. “EVgo passed an important inflection point in 2023 in…
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