EVgo Inc

EVGO is emerging from a Stage 1 consolidation with a clear Momentum Breakout signaling new demand. Price is holding above the rising 9/21 EMA cluster in an oversold context, supporting a bullish medium-term stance despite the longer-term downtrend. We buy now on a pullback into the EMA support zone at the base of the mid-June breakout.

• ↑Tesla deal doubles addressable market, boosting future revenue
• ↑Active stalls reached 5,380 (+3× since 2021); targeting 1,350–1,625 new stalls in 2026
• ↓Q2 adjusted EBITDA loss of $10.6 M underscores persistent unprofitability