#6 - Blink Charging (NASDAQ:BLNK)
Electric vehicle adoption is becoming a chicken and egg question. In order for EV’s to overtake the internal combustion engine vehicles of today, there has to be a way to charge them. Even the longest-lasting battery won’t solve all of those problems.
That’s where a company like Blink Charging (NASDAQ: BLNK) comes into the picture. Blink manufactures charging equipment for residential and commercial uses. BLNK stock soared in early 2021 on high hopes of an infrastructure bill. Those hopes were dashed as getting a bill passed through Congress has been delayed.
But with an infrastructure bill likely, and with President Biden continuing to put the pressure on automakers to develop electric vehicles, this could be a good time for opportunistic investors to buy BLNK stock at its current price.
Analysts see the stock climbing an additional 6% from current levels. However, that could move higher after the company reports earnings in August.
About Blink Charging
Blink Charging Co, through its subsidiaries, owns, operates, manufactures, and provides electric vehicle (EV) charging equipment and networked EV charging services in the United States and internationally. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types.
Read More - Current Price
- $1.62
- Consensus Rating
- Hold
- Ratings Breakdown
- 3 Buy Ratings, 5 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $5.64 (248.3% Upside)
