Better Electric Vehicle Charging Stock: ChargePoint or Blink Charging
With the rising number of electric vehicles (EVs) on the roads, the market for electric vehicle charging companies looks obvious. That explains the euphoria surrounding EV charging stocks. Even after falling 45% off its high price in 2021, Blink Charging (NASDAQ: BLNK) stock is up 450% from its levels a year ago. Similarly, ChargePoint (NYSE: CHPT) stock is up roughly 155% since it announced plans to go public via a special purpose acquisition company last September. Let's analyze which of the two EV charging stocks looks better right now.
To begin with, ChargePoint is bigger than Blink Charging in terms of number of charging stations, revenue, and market share. ChargePoint has more than 112,000 charging points in North America and Europe. By comparison, Blink Charging only has around 23,000 charging stations. In the latest quarter, ChargePoint generated revenue of $40.5 million compared to the $2.2 million generated by Blink Charging.
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Source Fool.com
