I tried to post on WSB but as of this afternoon, we're about $800,000 short of the $500 mil rule.
$EVGO doesn't need to dilute when they have a US GOV DOE loan...
There's an imminent turnaround from this ATL and I feel it in me bones.
$EVGO just breached its all-time low at $1.60 🎉🎉🎉, leaving a \~35% short float (10+ days to cover) trapped in a classic overleveraged setup.
Key Bull Drivers:
\-Overblown Dilution Fears: Shorts bet on dilution, but EVgo tapped less than $20M of its $200M ATM since it opened in 2022. Why would they use it now?...expansion is funded by a $750M DOE loan.
\-EV Sales Bottomed: US EV sales bounced +15% QoQ in Q2 as market share held firm. Charger throughput keeps compounding.
\-Path to #2 DC Network: Operating 5,200+ fast-charging stalls, EVgo is capturing the non-Tesla infrastructure expansion (GM/Pilot builds).
\-I just bought my first EV last month with all this Iran BS. I needed a new car anyways so now I get to save money on not buying gas and oil changes (other maintenance). And it's really fun to drive.
Trading at \~0.8x sales despite $110M Q1 revenue, $EVGO is completely mispriced at all-time lows.
\--->The Play: Long shares or LEAPS before they panic-cover. Going half port tomorrow at market open. Get it while it's cold.