AI EVGO Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: EVgo's collaboration with Rivian and new projects funded by a $1.05B DOE loan can drive significant usage growth and earnings, backed by increased EV adoption and infrastructure improvements.




Bearish Case: High institutional selling pressures and volatility may breach investor confidence, compounded by deteriorating historical returns pointing to financial instability.




Potential Outcomes:

1. 70% likelihood of increased usage from Rivian collaboration.

2. 60% chance of continued institutional selling.

3. 50% chance the loan catalyzes growth.

4. 40% chance margin pressures impede profitability.




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October 20, 2024










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