Forget Blink Charging: Here Are 3 Better Renewable Energy Stocks
Blink Charging (NASDAQ: BLNK) has been one of the hottest stocks on the market over the past year and a half as investors pile into anything related to electric vehicles (EVs). But the company, which specializes in EV charging stations, doesn't have much revenue or cash flow to back up its $1.40 billion market cap. Blink generated just $7.2 million in revenue over the past year and reported $22.3 million in net losses. And there's no end in sight to the losses.
If you're looking for exposure to renewable energy stocks without the risk associated with Blink Charging, take a look at dividend stocks like Brookfield Renewable Partners (NYSE: BEP), NextEra Energy Partners (NYSE: NEP), and Hannon Armstrong Sustainable Infrastructure Capital (NYSE: HASI), which can still provide upside without the risk.
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Source Fool.com
