|Day's range||4.8900 - 5.0000|
Shares of charging company EVgo soared on Thursday as revenue jumped over 280% year over year, offering some respite for investors who suffered through a rough 2022. While 2023 has gotten off to a strong start, EVgo is still unprofitable, and investors betting on the company are looking for any sign that EVgo, and charging networks in general, are poised to explode in growth.
In the latest trading session, General Motors Company (GM) closed at $35.99, marking a +0.81% move from the previous day.
The auto industry is going through a level of disruption not seen in nearly 100 years. One company that's primed to benefit from both the short-term and long-term trends is General Motors (NYSE: GM). GM has a $47 billion market cap, so the net income and cash flow numbers you see above make this easily a value stock.