Blink Charging Stock Surged 1,790% in 2020. Is It a Buy for 2021?
Shares of electric vehicle (EV) charging equipment provider Blink Charging (NASDAQ: BLNK) have zoomed upward by 1,790% year-to-date as of this writing. Growing enthusiasm for electric vehicles combined with the number of new charging stations Blink installed during the year made investors exuberant about the company's prospects. But in the wake of that remarkable rise, is this stock still a buy?
Blink Charging provides EV charging equipment and owns and operates charging stations for electric vehicles. In some cases, the company owns the stations, where it undertakes everything from installation to maintenance and keeps the bulk of all the revenue generated. In other cases, Blink only operates the stations, handling things such as monitoring, management, and payment processing, through its cloud-based system. In those cases, the installation costs are borne by property owners, who keep a share of the revenue generated.
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Source Fool.com
