Why EVgo Stock Continues to Sink

What goes up must come down. At least that's what EVgo (NASDAQ: EVGO) stock seems to be telling the market. After a dizzying rally last week, shares of the electric vehicle (EV) charging stock crashed by double digits on Monday, and then continued to sink today.

As of 12:45 p.m. EST on Tuesday, EVgo shares were down 6.8% after falling nearly 10% earlier in the morning. Multiple analysts are suddenly turning cautious about EVgo stock, and investors are spooked.

The stock has received at least two analyst downgrades since yesterday.

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Source Fool.com