EVgo, other EV-related stocks at multi-month highs after infrastructure package

Shares of electric-vehicle charging companies and others related to EVs soared Monday on the heels of the U.S. Representatives late Friday approving a $1 trillion infrastructure bill, a win for the Biden administration. The package has about $7.5 billion to fuel efforts to build a network of electric-vehicle charging stations and other EV charging-related initiatives. ChargePoint Holdings Inc. CHPT, +13.24% rallied more than 9%, on pace for its highest close in four months; EVgo Inc. EVGO, +33.67% jumped more than 14%, on track for its best close in nearly four months; and Volta Inc. VLTA, +16.25% rose nearly 9%, on its way to its highest close since in six weeks.