Why EV Charging Stock EVGO (NASDAQ:EVGO) Can Outshine EV Brands

Although the burgeoning electric vehicle (EV) market presents massive opportunities, investors may ultimately find a greater probability of success through charging network operators like EVgo (NASDAQ:EVGO). Bluntly speaking, individual EV brands won’t get very far without robust public infrastructure. Therefore, EVGO stock makes a better long-term case for the global EV rollout. I am bullish on the charging specialist.

EVGO Stock Rises on Substantive Financial Progress

Fundamentally, arguably most investors recognize the upside potential of EV integration. However, the problem with individual EV manufacturers centers on a lack of financial substance. Consider the startup sector in this space, and you’ll see plenty of aspirational but pre-revenue enterprises. In contrast, EVGO stock benefits from tangible operational progress.