Blink Charging: Surprising Shift (Rating Upgrade)

Summary:

  • Blink Charging Co. has seen a rally in its stock after billionaire investor Ken Griffin bought shares, boosting interest in the company.
  • The EV charging station business model is struggling due to low-margin product sales and high expense bases.
  • While Blink has made improvements in its business model, it is still far from being profitable and faces major demand issues in the U.S. EV sector.

Electric Vehicle Charging Stations

Serenethos

After a disastrous few years, Blink Charging Co. (NASDAQ:BLNK) started rallying in the last couple of months. The EV charging station company has seen the business model under pressure, but famed investor Ken Griffin bought shares, boosting the interest


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