Why Blink Charging Stock More Than Tripled in November
Shares of Blink Charging (NASDAQ: BLNK), a company building an infrastructure to support electric vehicles, were up 225.4% in November, according to data provided by S&P Global Market Intelligence. While the stock was up modestly earlier in the month, it really started taking off after it reported results for the third quarter of 2020.
The Q3 report showed results for the first nine months of 2020. Through the first nine months, Blink Charging's revenue was up a whopping 84% from the same period of 2019. However, this is big growth from a small starting point. Revenue for all of 2019 was only $2.8 million, and it generated revenue of only $3.8 million for the first three-quarters of this year.
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Source Fool.com
