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Blink (BLNK) Stock Recovered 8% After 12% Hit On Monday

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. ‎

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