Massive Bankruptcy News Crushes EV Stocks [Yahoo! Finance]
Blink Charging Co. (BLNK)
Last blink charging co. earnings: 8/14 04:26 pm
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Source: Yahoo! Finance
While a failure doesn't say much about the other operators in the industry, it doesn't bode well for the market's willingness to fund EV losses long-term. According to data provided by S&P Global Market Intelligence , EV makers Faraday Future Intelligent Electric (NASDAQ: FFIE) fell as much as 26.9% and VinFast (NASDAQ: VFS) dropped 9.9%. The two manufacturers are down 23.1% and 8.5% respectively for the week as of 2:45 p.m. ET. Charging companies Blink Charging (NASDAQ: BLNK) and ChargePoint (NYSE: CHPT) fell 14.1% and 20.1% respectively at their lows and are now down 12.8% and 19.5% on the week. The collapse of Fisker and the fallout Fisker had a lot of problems investors couldn't fix. Software was an issue and manufacturing never hit production goals. But the other problem was demand. Electric vehicle demand growth has slowed as more supply came onto the market. For companies that haven't already built mature supply chains and generated significant sales and profits, the la
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BLNK
News
- What's Going On With Blink Charging Stock On Friday? [Yahoo! Finance]Yahoo! Finance
- Blink Charging Surpasses 100,000 Charger MilestoneGlobeNewswire
- Blink Charging to lower global personnel count by 14% as part of cost reduction plan [Seeking Alpha]Seeking Alpha
- Blink Charging to Position Company for the Future by Implementing Planned Operational Cost ReductionsGlobeNewswire
- Is Blink Charging (BLNK) The Best EV Charging Stock To Invest In? [Yahoo! Finance]Yahoo! Finance
BLNK
Earnings
- 8/7/24 - Miss
BLNK
Sec Filings
- 9/24/24 - Form 8-K
- 9/23/24 - Form 4
- 8/30/24 - Form 8-K
- BLNK's page on the SEC website