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Why EVgo Stock Jumped Today

TheMotleyFool

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Shares of EVgo (NASDAQ: EVGO) climbed on Tuesday after the fast-charging network for electric vehicles (EVs) announced that its PlugShare platform had exceeded 1 million app downloads since the beginning of the year. As of 3:25 p.m. ET, EVgo's stock price was up more than 5% after rising as much as 13% earlier in the day.

Drivers use PlugShare to find and evaluate public charging locations. The app's user base has surged by nearly 30% since last year, as electric vehicles have soared in popularity.

Image source: Getty Images.

Source Fool.com

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