This story originally appeared on Zacks
EVgo Inc. (EVGO) closed at $9.58 in the latest trading session, marking a +0.21% move from the prior day. This change outpaced the S&P 500’s 0.1% loss on the day. Elsewhere, the Dow lost 0.47%, while the tech-heavy Nasdaq lost 0.47%.
Heading into today, shares of the company had lost 21.45% over the past month, lagging the Auto-Tires-Trucks sector’s gain of 4.55% and the S&P 500’s gain of 3.67% in that time.
Investors will be hoping for strength from EVgo Inc. as it approaches its next earnings release.
Investors might also notice recent changes to analyst estimates for EVgo Inc.These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.
Research indicates that these estimate…