Shares of the electric car charging station provider Blink Charging Co. (BLNK) showed very high growth in 2020, growing by 2138 percent during the last year, to $42.75 on December 31 from $1.91 on January 6, 2020. At the same time, the biggest increase was from the end of November onwards.
Analysts took note of the Blink’s potential in August 2020, and since then, Blink holders have had the ability to quadruple their capital. A positive consideration is that the business is rising, not just because of the enthusiasm in the area of green energy, but also because of new orders to install charging station networks.
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The organization requires a successful approach to the monetization of technologies. In several examples, Blink establishes its own network of charging stations, wholly owned and operated by experts of its own. The user gets the charging facility, and much of the money is received by Blink. Company sells or rents facilities in some situations, as well as tools for the operation of charging stations. In certain situations, to map and monetize third-party charging station networks, Blink uses the digital management system.
Blink has recently shared multiple long-term exclusive deals or additional device deployments in Illinois and Pennsylvania with healthcare systems. And more recently, a new contract with EV truck and bus manufacturer Lion Electric was revealed. After a merger with special purpose acquisition firm Northern Genesis Acquisition, Lion will shortly be trading publicly.
Blink managed or owned 15,716 charging stations at the end of the third quarter, which is about a thousand more than a year ago. Revenue increased by 84 percent year-on-year, over the first nine months of 2020. Although the business remained unprofitable, the loss amounted to $9.9 million for the defined period. There are currently no reasons that would mean that Blink’s number of orders for charging stations and control algorithms will decline this year.
Blink Charging Co. (BLNK) stock rose +8.23% to $40.59 on Tuesday after taking a hit of -12.27% on Monday.