RBC Capital keeps an Outperform rating and $8 price target on EVgo (EVGO), also noting that the stock should respond positive to the announcement that the company closed its $1.25B guaranteed loan facility with the Department of Energy Loan Programs Office office. The announcement of the loan close addresses the key concern for investors heading into next year amid fears that the incoming administration could have halted Loan Programs Office activity, the analyst tells investors in a research note.
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