Blink Charging Co. ($BLNK) Stock Forecast: Up 5.5% Today

What is Blink Charging Co.?

BLNK (Blink Charging Co.) is a leading provider of electric vehicle (EV) charging equipment and services. The company aims to expand EV charging infrastructure to support the growing adoption of electric vehicles in the market.

Why is Blink Charging Co. going up?

BLNK stock is up 5.5% on Jul 3, 2024 14:26

• Today's bullish movement in BLNK stock can be attributed to the positive sentiment surrounding the EV industry and the increasing demand for EV charging solutions.
• Highlighting the importance of EV charging infrastructure and the potential growth in EV sales might have contributed to the stock's positive momentum.
• The focus on EV charging stocks and the necessity for more charging stations to support EV adoption likely sparked investor interest in companies like Blink Charging Co.
• The anticipation of future growth in EV charging stocks and the Biden Administration's plans to invest in charging infrastructure could have bolstered confidence in the long-term prospects of companies like BLNK.

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BLNK News

3 EV Stocks to Sell in July Before They Crash & Burn

In March, a CNBC article suggested that the electric vehicle (EV) euphoria is dead. The piece reported facts that indicated that many automotive majors are scaling back their EV plans. I completed agree with the point that the euphoria is dead. However, it’s equally important to understand that the industry is not dead. EV adoption might not have been as expected, but the trend is likely to be towards higher EV sales in the coming years. Nevertheless, intense competition remains in the industry, and not all EV companies will survive. There will be failures and industry consolidation in the next few years. The companies that survive will emerge stronger. However, let’s explore the EV stocks to sell that represent fundamentally weak companies. In my view, these EV companies will continue to struggle while the stock is likely to trend lower. Let’s discuss the reasons to be bearish.

https://investorplace.com/2024/07/3-ev-stocks-to-sell-in-july-before-they-crash-burn/

3 Short-Squeeze Stocks Ready to Rocket Past the Bears

Making big money from short-squeeze stocks became a trend during the euphoric growth stock rally of 2021. Investors targeted depressed stocks with high short interest, and an initial rally quickly transformed into a big upside on short covering. With plenty of action in the penny and meme stock space, there continue to be some good short-squeeze opportunities. I understand that many investors exclusively focus on quality ideas for long term investing. However, as a new age investor, I would allocate 5% to 10% of my funds towards relatively speculative bets. Quick gains from these ideas can be allocated towards building the long-term portfolio. Therefore, this column focuses on three short-squeeze stocks that can double or triple within the next few quarters. In my view, these stocks represent undervalued ideas, and a reversal in sentiment is likely to translate into a big rally. Let’s discuss the reasons for being bullish on these trading bets.

https://investorplace.com/2024/07/3-short-squeeze-stocks-ready-to-rocket-past-the-bears/

The 3 Best EV Charging Stocks to Buy in July 2024

If electric vehicles are the future, we desperately need more charging stations. As we wait for this to happen, now may be the time to buy some of the best EV charging stocks. Not helping, the lack of charging stations has been a real turn-off for EV owners.  In fact, according to a new McKinsey report, 46% of EV owners said they’re likely to switch back to gas-powered vehicles because of the lack of charging infrastructure. “Range anxiety and access to charging infrastructure have long been considered big barriers to electric-vehicle adoption, but the revelation that these same issues may drive current battery-powered car owners back into gas-powered cars is a new blow for the already rocky EV transition,” added Business Insider. Sure, the Biden Administration set aside $7.5 billion for charging infrastructure. It also said it would add 500,000 EV charging stations by 2030. And while that’s six years away, we’re nowhere near that goal. Instead, seven have been set up. That’s not a typo. As I typically said with EV charging articles, if the U.S. wants 50% of all cars sold in the U.S. to be electric, we have to get serious about charging infrastructure. All of which could boost EV sales, reverse range anxiety and positively charge some of the best EV charging stocks, such as:

https://investorplace.com/2024/07/the-3-best-ev-charging-stocks-to-buy-in-july-2024/

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Blink Charging Co. Price History

18.05.2024 - BLNK Stock was down 5.1%

• The bearish movement in BLNK stock today could be attributed to several factors:
• Despite achieving "In Process" FedRAMP status, investors may be concerned about the timeline for full accreditation and the potential impact on revenue growth.
• The overall cautious approach towards the EV industry could be affecting investor sentiment towards Blink Charging Co.
• The competitive landscape in the EV charging sector and the need for Blink to differentiate itself to attract more customers and investors.
• Market participants might be taking profits after a period of growth, especially with the increased scrutiny on EV stocks and the need for companies to demonstrate sustainable growth and profitability in the long term.

14.05.2024 - BLNK Stock was down 6.2%

• Today, BLNK experienced a strong bearish movement in the market, possibly due to the following reasons:
• Despite the positive achievement of "In Process" FedRAMP® status to provide EV charging solutions across the U.S. government, the overall cautious sentiment towards the EV industry might have impacted the stock negatively.
• Market concerns about intense competition and macroeconomic headwinds affecting the EV sector could be leading investors to adopt a more risk-averse approach.
• Attention being focused on undervalued EV stocks in the market may have caused a dip in BLNK's stock price as investors explore other opportunities in the industry.
• The news of achieving FedRAMP® status, while positive, might not have been substantial enough to offset broader market concerns and investor sentiment towards the EV sector, resulting in the bearish movement of BLNK stock.

14.05.2024 - BLNK Stock was down 10.6%

• The bearish movement in BLNK stock today could be attributed to the following factors:
• Despite achieving "In Process" FedRAMP status for providing EV charging solutions to the U.S. government, investors may have been expecting full accreditation sooner, leading to some disappointment.
• The upcoming presentation by Blink Charging CEO at the J.P. Morgan 2024 Energy, Power & Renewables Conference might have raised concerns or uncertainties among investors about the company's future plans or performance.
• The overall market sentiment towards EV stocks could have influenced profit-taking behavior among investors, contributing to the bearish movement in BLNK stock.
• The delay in full accreditation for providing EV charging solutions to government agencies, despite making progress, might have raised questions about the company's ability to capitalize on potential opportunities in the EV market.

13.05.2024 - BLNK Stock was down 5.9%

• The achievement of "In Process" FedRAMP® status for providing cloud-based EV charging solutions to the U.S. government could have been a positive development for BLNK.
• However, the stock's bearish movement might be linked to the lack of a notable market response to this news, suggesting that investors may have anticipated more immediate benefits or contracts.
• The CEO's upcoming presentation at the J.P. Morgan conference might not have stirred enough excitement or confidence among investors, resulting in a subdued performance.
• The cautious sentiment in the market, potentially influenced by discussions on speculative investments like BLNK in various circles, could have deterred investors from engaging in such ventures, contributing to the downward trend.

12.05.2024 - BLNK Stock was up 14.8%

• BLNK stock experienced a bullish movement today following the announcement that the CEO, Brendan Jones, will be presenting at the J.P. Morgan 2024 Energy, Power & Renewables Conference. This news likely instilled confidence in investors regarding the company's future prospects and growth potential.
• The overall positive sentiment towards EV charging stocks, as highlighted in recent discussions, underlines the desperate need for charging stations and the efforts to expand the charging infrastructure, which could have contributed to the bullish trend in BLNK stock.
• Despite the mention of potential risks associated with certain stock trends, the specific focus on BLNK being a key player in the EV charging industry, which is poised for substantial growth, might have overshadowed concerns related to market trends.
• The optimistic outlook for the electric vehicle market, with increasing consumer interest and automakers' plans to launch more affordable EVs, likely added to the positive momentum for BLNK and other EV-related stocks.

11.05.2024 - BLNK Stock was up 5.7%

• The bullish movement in BLNK stock today could be attributed to the overall positive sentiment surrounding the EV sector and charging infrastructure companies.
• Discussions on the growth potential of EV charging stocks and the increasing interest in EVs among consumers might have boosted investor confidence in BLNK.
• As the EV market continues to expand and the need for more charging stations becomes evident, companies like BLNK are well-positioned to capitalize on this trend, driving their stock price higher.
• Investors are likely viewing BLNK as a promising player in the EV charging industry, leading to increased buying interest and the bullish movement observed today.

10.05.2024 - BLNK Stock was up 5.3%

• The bullish movement in BLNK's stock price today could be attributed to the overall positive sentiment in the EV sector, as highlighted by the increasing consumer interest in buying EVs.
• The announcement of multiple automakers planning to launch relatively low-cost EVs may have also contributed to the bullish movement in BLNK's stock.
• With EV prices dropping and a growing market for EVs, investors are likely optimistic about BLNK's potential for growth in the EV charging solutions market.

05.05.2024 - BLNK Stock was up 5.0%

• Strong bullish movement experienced by BLNK today, potentially driven by positive sentiment towards penny stocks with growth potential.
• Penny stocks like BLNK, with solid management and fundamentals in a growing market like EV charging, could be seen as long-term bets with high return potential.
• Investors may be interested in BLNK due to its positioning in the rapidly expanding EV charging sector, expected to see significant growth in the future, aligning with the trend towards sustainable energy solutions.
• The bullish movement in BLNK may also be influenced by the overall positive sentiment towards companies in the EV sector, as the market continues to emphasize clean energy and sustainable transportation options.

30.04.2024 - BLNK Stock was up 5.8%

• BLNK stock showed a strong upward trend today, likely fueled by positive sentiment surrounding the EV sector and the rising need for EV charging solutions.
• Discussions on the growth potential of EV charging stocks and the necessity for more public charging stations may have influenced investor confidence in BLNK's future.
• With a growing focus on investment opportunities in the EV industry, companies like BLNK, poised to benefit from the expanding EV market, likely contributed to the stock's positive momentum.
• Optimism towards EV stocks and the potential for significant returns in the long run may have further bolstered BLNK's bullish performance today.

22.04.2024 - BLNK Stock was up 11.1%

• BLNK stock saw an increase in value today after securing a deal to provide EV charging services for a dealership group in Mexico linked to Warren Buffett-backed BYD Co.
• The collaboration with Grupo Fame in Mexico showcases BLNK's expanding footprint in the EV charging market, solidifying its position as a key player in the industry.
• The recent focus on BLNK stocks reflects the increasing importance of EV charging infrastructure, as evident from a recent study by J.D. Power highlighting consumer worries about insufficient charging stations.
• With the growing demand for EVs and the necessity for more charging stations, BLNK is well-positioned to capitalize on the promising opportunities within the EV charging sector, setting itself up for further growth and success.

16.04.2024 - BLNK Stock was up 5.2%

• BLNK stock saw a notable uptrend in trading activity today.
• The company's recent agreement with New York City and appointment as the official provider of EV chargers and network services for the State of New York points towards a favorable trajectory for its business expansion.
• The rising emphasis on EV charging infrastructure, driven by the necessity for more charging stations to support the expanding EV market, is likely propelling the positive sentiment surrounding BLNK stock.
• The decline in short interest in BLNK stock indicates a potential increase in investor confidence in the company's future prospects, further boosting the market's positive response.

13.04.2024 - BLNK Stock was up 6.5%

• Despite a decline in bookings and an analyst lowering the price target, Blink Charging's stock showed a bullish trend, reflecting positive investor sentiment.
• This optimism could be linked to the expected growth in the EV sector and the rising adoption of EVs.
• Investors may see Blink Charging as a promising investment due to the anticipated increase in EV demand, particularly influenced by Tesla.
• Additionally, the company's quarterly adjusted losses performing better than expected likely contributed to the positive movement in the stock price.