EV charging co Allego rebounds, on track to snap 5-day slide

Gogoro

05/04/2022 17:54

** Allego NV  ALLG.N  shares up 14.1% at $13.83 on Tues,
looking to break 5-day losing streak
    ** Netherlands-based firm became a retail investor darling
after its SPAC merger last month, and saw its shares hit peak of
$28.44 on Mar 29 before moving lower  urn:newsml:reuters.com:*:nL2N2VQ1R1
    ** ALLG's rebound comes as Taiwanese electric scooter and
battery sharing co Gogoro  GGR.O  soars in its U.S. debut on
Tues after de-SPACing  urn:newsml:reuters.com:*:nL3N2W31CM
    ** Also, EV charging co ChargePoint  CHPT.N  late Mon
announced $300 mln investment by Antara Capital LP through
convertible bond deal to fund its growth  urn:newsml:reuters.com:*:nL2N2W30QP
    ** 3 analysts currently cover ALLG and all rate stock "buy",
per Refinitiv data, with median PT of $15

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))