JPMorgan downgrades EVgo stock rating to neutral from overweight

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Oil prices drop; brent stays above $100/bbl as Iran strikes continue Witkoff and Kushner working on ceasefire mechanism, says report; stocks jump Why gold is falling now — and why Goldman says buy the dip Is it time to abandon gold? 🧠 Upgrade to AI Insights (South Africa Philippines Nigeria) 🧠 Upgrade to AI Insights JPMorgan downgrades EVgo stock rating to neutral from overweight By Analyst Ratings Published 03/25/2026, 03:45 AM JPMorgan downgrades EVgo stock rating to neutral from overweight 0 EVGO -4.59% Investing.com - JPMorgan downgraded EVgo, Inc. (NASDAQ:EVGO) to Neutral from Overweight as analyst Mark Strouse assumed lead coverage of the electric vehicle charging company. The firm maintained its previous estimates for the company while changing its rating. Strouse noted that EVgo presents an attractive opportunity for long-term investors due to its recurring business model and ability to adapt to new technology advancements. The analyst cited limited near-term positive catalysts as a reason for the downgrade. JPMorgan also expressed concern that the company’s long-term margin potential could require an extended period to materialize.The downgrade comes as EVGO trades at $1.87, near its 52-week low of $1.84, with the stock down 60% over the past six months. Despite the near-term challenges, InvestingPro analysis suggests the stock is undervalued at current levels, placing it among opportunities on the most undervalued stocks list. Analysts maintain price targets ranging from $3.50 to $7.00, indicating potential upside from current levels. The rating change represents a shift from the previous JPMorgan coverage, which had maintained an Overweight rating on the stock. Strouse is now the lead analyst covering EVgo at the firm. JPMorgan kept its financial estimates for EVgo unchanged from the prior coverage despite the rating adjustment. In other recent news, EVgo Inc. reported a strong financial performa...