Shares of EV charging company EVgo (EVGO) surged 60% on Thursday. The company received a conditional $1.05 billion commitment from the Department of Energy to scale its charging network.

Market Domination hosts Madison Mills and Josh Schafer discuss the announcement in the video above.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination.

This post was written by Stephanie Mikulich.