Blink Charging: Opportunity Returns After Market And Industry Turmoil

Pinxter Analytics
5.02K Followers

Summary

  • I initiated coverage on Blink Charging following its IPO. Since then, the company returned over 1,200% at its peak.
  • But given recent market turmoil, macroeconomic headwinds, and competitive pressures, the company has lost a significant portion of its value.
  • Since the fundamentals of the business have changed a bit as competitive headwinds increase, I evaluate whether the company is once again at a price point worthy of consideration.

Electric Vehicle Charging Stations

Serenethos/iStock Editorial via Getty Images

Blink Charging (NASDAQ:BLNK) develops and deploys charging solutions for electric-powered vehicles. If you want a rundown on the company's business model and how it makes its revenues and profits, you can visit my first article

This article was written by

5.02K Followers
As part of my earnings growth strategy, I invest, trade and write about small under-covered growth companies which don't get much attention from establishment analysts as well as use the strategy to interpret short and long term moves in bigger, well established companies in the United States, Europe and the Asia-Pacific region.-All articles and the information in them are my opinion based on my own research and analysis and should not be taken as investment advice without proper due diligence and advice from a professional financial adviser.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of BLNK, CHPT, SHORT TSLA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Opinion, not investment advice.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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