EVgo Added to Russell 3000® and Russell 2000® Indexes
EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), the nation’s
largest public fast charging network for electric vehicles (EVs),
has been added to the broad-market Russell 3000® and Russell 2000®
Indexes at the conclusion of the 2022 Russell indexes annual
reconstitution, effective after the US market opens on June 27,
Annual Russell indexes reconstitution captures the 4,000 largest
US stocks as of May 6, ranking them by total market capitalization.
Membership in the US all-cap Russell 3000® Index, which remains in
place for one year, means automatic inclusion in the large-cap
Russell 1000® Index or small-cap Russell
2000® Index as well as the appropriate growth and
value style indexes. FTSE Russell determines membership for its
Russell indexes primarily by objective, market-capitalization
rankings and style attributes.
“We are proud to be added to the Russell family of indices as a
new member of the Russell 2000,” said Cathy Zoi, CEO of EVgo. “We
are excited to increase investor exposure to the EVgo story and
drive greater awareness for our mission of expediting mass adoption
of electric vehicles for everyone.”
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $12 trillion in assets
are benchmarked against Russell’s US indexes. Russell indexes are
part of FTSE Russell, a leading global index provider.
For more information on the Russell 3000® and Russell 2000®
Indexes as well as the Russell indexes reconstitution, go to the
“Russell Reconstitution” section on the FTSE Russell website.
EVgo (Nasdaq: EVGO) is the nation’s largest public fast charging
network for electric vehicles. As of the end of the first quarter
2022, with more than 850 charging locations, EVgo’s owned and
operated charging network serves over 60 metropolitan areas across
more than 30 states and approximately 375,000 customer accounts.
Founded in 2010, EVgo leads the way on transportation
electrification, partnering with automakers; fleet and rideshare
operators; retail hosts such as hotels, shopping centers, gas
stations and parking lot operators; and other stakeholders to
deploy advanced charging technology to expand network availability
and make it easier for drivers across the U.S. to enjoy the
benefits of driving an EV. As a charging technology first mover,
EVgo works closely with business and government leaders to
accelerate the ubiquitous adoption of EVs by providing a reliable
and convenient charging experience close to where drivers live,
work and play, whether for a daily commute or a commercial
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