EVgo Stock Is Tanking. An Early Investor Is Selling Shares.
EVgo stock plummeted Tuesday after the electric-vehicle-charging company announced a secondary share sale.Monday evening, EVgo said an affiliate of LS Power Equity Partners IV was planning to sell 23 million shares of EVgo stock via an underwritten offering.
EVgo sinks 23% after 23M share offering prices at $5.00
EVgo (EVGO) priced an underwritten public secondary offering by EVgo Holdings, an affiliate of LS Power Equity Partners IV, of 23M shares of
EVgo Shares Drop 19% on Secondary Stock Offering
Shares of EVgo dropped after the company said that EVgo Holdings, an affiliate of LS Power Equity Partners IV, is launching a secondary offering of up to 23 million shares of Class A common stock. The stock was down 19% to $5.15 in postmarket trading. Through Monday's close, shares have surged 81% over the past 12 months.
EVgo Stock Plummets as Biggest Investor Sells 23M Shares
Key Takeaways EVgo said its largest investor would be selling 23 million shares of Class A common stock.The electric charging station operator reported that EVgo Holdings, an affiliate of LS Power Equity Partners,
EVgo 23M share Spot Secondary priced at $5.00
JPMorgan, Goldman Sachs, Morgan Stanley and Evercore ISI are acting as joint book running managers for the offering. The deal priced at low end
EVgo holder prices 23M stock sale at $5.00/share
EVgo (NASDAQ:EVGO) shares fell Tuesday morning after EVgo Holdings, LLC, an affiliate of LS Power Equity Partners IV, L.P., priced a sale of 23M shares of EVGO Class A common stock at a public offering price of $5.
Why EVgo Stock Crashed 27% Today
This morning, EVgo said the sale will be priced at $5 per share, 21% below EVgo's closing price Monday.
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EVgo nabs $1.25 billion loan as Biden races to approve more EV spending
The US Department of Energy announced a $1.25 billion loan to electric vehicle charging company EVgo as the Biden ...
Why Is Fast Charging Network EVgo Stock Plunging Today?
The previously announced offering by EVgo Holdings, an affiliate of LS Power Equity Partners IV, involves 23 million shares ...
EVgo secures $1.25B loan amid Biden’s rush to approve clean energy loans
Electric vehicle charging startup EVgo is the latest company to secure funds from the U.S. Department of Energy as the Biden ...
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EVgo to Build 7,500 EV Chargers With DOE Loan
EVgo Inc. will receive a $1.25 billion loan from the U.S. Department of Energy (DOE) Loan Programs Office, with which it ...
EVgo Gets DOE Loan To Triple Network Without Issuing Shares; Stock Eyes Buy Point
EVgo stock jumped near a buy point after finalizing a Department of Energy loan that will finance construction of 7,500 EV ...
EVgo down 16% at $5.33 after secondary offering
EST EVgo (EVGO) down 16% at $5.33 after secondary offeringPick the best stocks and maximize your portfolio:Discover top-rated stocks from ...
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DOE grants $1.25B loan to EVgo for 7,500 new EV chargers across U.S.
In a move to accelerate the adoption of EVs, the U.S. Department of Energy (DOE) has approved a $1.25 billion loan to EVgo.
Ripple stablecoin, EVgo, Starbucks union: Market Minute
Yahoo Finance host Akiko Fujita tackles several of this morning's top trending stocks in today's Market Minute.