The Ratings Game: EVgo stock tumbles after BofA says sell, citing recent EV ‘charging euphoria’ and pending lockup expiry

Shares of EVgo Inc. took a dive Monday, after BofA Securities analyst Ryan Greenwald questioned the recent “charging euphoria” that triggered a near-doubling in the electric-vehicle charging company’s stock last week, at a time that investors should be worried about a potential significant amount of shares that could be sold.

Shares of EVgo Inc. took a dive Monday, after BofA Securities analyst Ryan Greenwald questioned the recent “charging euphoria” that triggered a near-doubling in the electric-vehicle charging company’s stock last week, at a time that investors should be worried about a potential significant amount of shares that could be sold.