Price Forecast:

Bullish Case: EVgo's strategic partnership with Rivian and the $1.05B loan for charging infrastructure are strong bullish catalysts. Increased EV adoption may drive significant user growth, enhancing revenue streams.

Bearish Case: Persistent institutional sell-offs and high volatility suggest bearish sentiment. If competitive pressures rise or revenue growth stalls, significant price declines could occur.

Potential Outcomes:

• 65% chance of increasing EV adoption boosts usage.
• 40% risk of more institutional investors selling off shares.
• 70% probability of higher throughput leading to revenue growth.
• 50% chance margin pressures negatively impact margins.
• 60% chance collaborative efforts with Rivian escalate adoption.

Trading Oracle: Position for bullish sentiment by implementing a $5.50/$6.00 call debit spread, given current high volatility. This targets maximized returns with an expected upside from strategic partnerships and increased adoption rates. Expect a high reward-to-risk profile due to anticipated volatility shifts and bullish sentiment.

November 14, 2024