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Why Blink Charging Stock Crashed Today

TheMotleyFool

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Blink Charging (NASDAQ: BLNK) stock tumbled Tuesday, sinking 9.1% as of 12:50 p.m. ET today. It wasn't just the broader market weakness that hit the electric vehicle (EV) charging stock; investors were reacting to Blink Charging's second-quarter numbers that came out yesterday after market close, and they weren't happy to see the company's losses widen.

It doesn't matter that Blink Charging's revenue is growing at a blistering pace. The market wants more.

With EVs selling out fast, EV infrastructure companies are on a roll. In its second quarter, Blink Charging sold or contracted for 5,631 EV charging stations, up 73% year over year.

Source Fool.com

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