Blink Charging Co (BLNK) >>>> 124,50$

Blink Charging Co (BLNK) >>>> 124,50$

TP 01 = 66,50$
TP 02 = 124,50$
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Blink Charging (BLNK)

By Todd Shriber, InvestorPlace Contributor Dec 17, 2020, 11:22 am EST

Like Chargepoint, Blink Charging is a mature company. In fact, it’s older, having been around since 1998. Blink operates a large network of charging stations across the U.S., many of which are found in practical locations, such as airports and hotels. This enables EV drivers to charge up while in their rooms or waiting on flights.

There are dueling views on BLNK stock at the moment. It’s hard to ignore a 1,364.52% year-to-date gain. But some market observers believe the company is cruising toward a dilutive secondary share offering and that the stock is worth significantly less than the $27 area at which closed on Dec. 11.

It remains to be seen whether bulls or bears are ultimately vindicated on Blink, but the company isn’t leaving the situation to chance. Blink recently introduced a pole mounting kit for the company’s IQ 200 EV charging stations. CEO Michael Farkas called pole mounting product “a game-changer to realize significant growth in 2021.”

That could be possible, but Blink’s upside potential largely revolves around bolstering revenue and staving off competitive threats because this is a narrow moat company.