I’m buying a dog
No it’s not a golden retriever or a jack Russell, it’s EVgo.
Price closed on Friday at $1.81, up %5 on the day, off as near as dam it an all time low.
EVgo is the 3rd largest charging company in the USA behind Tesla and Chargepoint. Revenue has grown impressively since it’s inception beating estimates for the last four quarters. Take a look for yourself at the numbers.
Having been forced out of my holding in Darktrace last week, at a very handsome profit because of a takeover, I have some cash to splash. Come next April I’m going to have to find some cash to pay off the inland revenue for the capital gains.
My logic is that this company is seriously undervalued, Cantor Fitzgerald have recently downgraded the company from buy to hold with a price target of $5.00, eh ! how does that work. One brokerage has a $7.00 target
Now I’m not going all in on this one because there is obvious risk. If it works out then I can pay off the tax man next year, if not then I’ll reduce my capital gains tax by selling at a loss and reduce my gains.
On a technical level, price bounced strongly from a double bottom on the 4hr chart.
Results are out very soon, having built up its infrastructure over the last few years hopefully it can start to deliver some positive earnings soon and the share price will recover
Price closed on Friday at $1.81, up %5 on the day, off as near as dam it an all time low.
EVgo is the 3rd largest charging company in the USA behind Tesla and Chargepoint. Revenue has grown impressively since it’s inception beating estimates for the last four quarters. Take a look for yourself at the numbers.
Having been forced out of my holding in Darktrace last week, at a very handsome profit because of a takeover, I have some cash to splash. Come next April I’m going to have to find some cash to pay off the inland revenue for the capital gains.
My logic is that this company is seriously undervalued, Cantor Fitzgerald have recently downgraded the company from buy to hold with a price target of $5.00, eh ! how does that work. One brokerage has a $7.00 target
Now I’m not going all in on this one because there is obvious risk. If it works out then I can pay off the tax man next year, if not then I’ll reduce my capital gains tax by selling at a loss and reduce my gains.
On a technical level, price bounced strongly from a double bottom on the 4hr chart.
Results are out very soon, having built up its infrastructure over the last few years hopefully it can start to deliver some positive earnings soon and the share price will recover
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