EVgo Soars 48% on $2-a-Share Buyout Offer From LS Power; ChargePoint Jumps 10%, Blink Charging Rallies 7%
EVgo shares rose 48% in early trading after controlling shareholder LS Power made a $2-per-share buyout offer. ChargePoint gained 10% and Blink Charging rose 7%.
Why it matters — The reported gains in Blink and other charging-network stocks show the buyout news coincided with a rally across the sector.