The demand for electric vehicle (EV) charging solutions has increased worldwide in the last two years. With an expanding EV lineup from manufacturers like Tesla, Nissan, and Toyota, companies like Blink Charging Co. (NASDAQ: BLNK) have prospered. Any investor looking for a bargain stock linked to clean energy and a sustainable future should consider Blink in September.
Blink develops and installs charging stations for electric vehicles globally. It is considered a technology leader in the field.
Blink has generated sales growth for all but one of the previous five fiscal years. In 2018, total revenue was $2.61 million, representing year over year growth of 9.75%. Due to massive investment in the deployment of charging stations across Europe and the United States, Blink runs at a loss today. This is expected and should be considered in the context of long-term growth potential.
The EV market is expected to hit a valuation of $356.5 billion by 2023, compared to $106.5 billion when data was collected in 2016. Blink is establishing itself as the leading charging station provider. Its stock is priced at a bargain today, especially considering the potential upside that could come within the next five years.
- 1 Year Price Growth: -19.75%
- YTD Price Growth: 84%
- 3 Month Price Growth: 33%
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