EVGO Forecast


Bullish Case: Buoyed by EVgo's strategic partnerships with Chase and expanding Autocharge+ to 50+ EV models, the company is positioned to capitalize on accelerating EV adoption, potentially boosting usage rates and revenues.


Bearish Case: Amid trading at less than a third of its price 60 days ago, with high volatility and insider sales, EVgo faces challenges of low investor confidence and a possibly deteriorating financial outlook.


Potential Outcomes:

1. 70% chance increased EV adoption boosts usage;

2. 50% likelihood investor confidence weakens further, pressuring stock;

3. 40% chance strategic initiatives fail to translate to higher profitability.


Trading Oracle: Sign Up to access trading oracle trade ideas.


May 07, 2024


EVgo Forecast

EVGO        EVgo
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with EVGO



NTLA Forecast + Options Trading Strategies   NTLA  Intellia Therapeutics (0.94)


TAN Forecast + Options Trading Strategies   TAN  Invesco Solar (0.93)


BMBL Forecast + Options Trading Strategies   BMBL  Bumble (0.93)


BLDP Forecast + Options Trading Strategies   BLDP  Ballard Power Systems (0.93)


PACB Forecast + Options Trading Strategies   PACB  Pacific Biosciences of California (0.92)



Uncorrelated Stock Forecasts

Assets with little price relationship to EVGO



CFR Forecast + Options Trading Strategies   CFR  Cullen Frost Bankers (-0.0)


ULTA Forecast + Options Trading Strategies   ULTA  Ulta Beauty (0.0)


MDU Forecast + Options Trading Strategies   MDU  MDU Resources (-0.0)


SBOW Forecast + Options Trading Strategies   SBOW  SilverBow Resources (-0.01)


TKR Forecast + Options Trading Strategies   TKR  Timken (-0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against EVGO



LBRT Forecast + Options Trading Strategies   LBRT  Liberty Oilfield Services (-0.86)


CEG Forecast + Options Trading Strategies   CEG  Constellation Energy (-0.86)


STNG Forecast + Options Trading Strategies   STNG  Scorpio Tankers (-0.87)


FRO Forecast + Options Trading Strategies   FRO  Frontline (-0.88)


YCS Forecast + Options Trading Strategies   YCS  ProShares UltraShort Yen (-0.91)





Become a more profitable investor with AI optimized trading strategies






×

Chat with EVGO


 Ask any question about EVGO!