EVgo shifts strategy toward capital efficiency and reviews LS Power acquisition proposal
EVGO EVgo Inc
$1.84 +0.55%
View chart & analysis → - 1EVgo is pursuing a strategic shift, announcing a total capital expenditure reduction target of $100 million by 2026.
- 2LS Power has made a proposal to acquire the remaining shares of EVgo at an acquisition price of $2 per share.
- 3Third-quarter revenue reached $91 million, with core charging business revenue increasing by 29%.
So what's the key point?
EVgo has changed its plans to focus on saving money. LS Power has proposed to buy the company at $2 per share.
Source The Motley Fool +1 · View original ↗
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