Among EV charging infrastructure stocks, Blink Charging (NASDAQ:BLNK) looks attractive after a correction of over 50% in the last 12 months. The rally from oversold levels is also likely considering multiple positive catalysts on the business front. Further, Blink Charging has guided for positive adjusted EBITDA by December 2024. With operating leverage coupled with higher services revenue, it's likely that margin expansion will sustain in the coming years. In an important business development, Blink has ac ...

With a likely season for meme stocks, Plug Power (NASDAQ:PLUG) might be poised for some big price action. The renewable energy stock has witnessed a 75% meltdown in the last 12 months. However, short interest remains significantly high at 27%. I would not be surprised if there is a 100% to 200% short squeeze rally from current levels. Therefore, this column focuses on three short-squeeze stocks that can double or triple within the next few quarters. In my view, these stocks represent undervalued ideas, and ...

Core Viewpoint - The future of electric vehicles (EVs) heavily relies on the expansion of charging infrastructure, making EV charging stocks attractive investment opportunities as the market develops [1]. Company Summaries - **EVgo (NASDAQ: EVGO)**: CEO Badar Khan purchased 125,000 shares at an average price of $2.05, totaling approximately $251,250. Analysts have given it a "buy" rating with a price target of $3 [2]. The stock has increased from $1.98 to $2.58, indicating potential for further growth as the U.S. enhances its EV infrastructure [14]. EVgo is also opening new fast-charging stations, which should positively impact its stock price [15]. - **ChargePoint (NYSE: CHPT)**: Currently priced at $1.51, ChargePoint is expected to rally to $2.40. The company has announced partnerships with LG Electronics and Porsche Cars North America, which will increase the number of chargers available to Porsche customers to 100,000 across the U.S. [5][6]. The long-term outlook suggests a potential price above $10 if the U.S. commits to expanding charging stations [7]. - **Blink Charging (NASDAQ: BLNK)**: Blink is currently trading at $2.74, showing signs of being oversold but still considered a strong buy on weakness [16]. The company is in the process of achieving full accreditation from the Federal Risk and Authorization Management Program, which could open up government contracting opportunities [12]. In its latest quarter, Blink reported a revenue of $37.57 million, up 73% year over year, and an EPS loss of $0.13, beating expectations [17]. Industry Insights - A McKinsey report indicates that 46% of EV owners may switch back to gas-powered vehicles due to insufficient charging infrastructure, highlighting a significant barrier to EV adoption [8]. The Biden Administration has allocated $7.5 billion for charging infrastructure, aiming to install 500,000 EV charging stations by 2030, but progress has been slow with only seven stations established so far [10]. The lack of charging stations is a critical issue that could hinder the transition to electric vehicles [9].

"Prima is a phenomenal, sustainably minded property, bringing the best in music, art, retail, food and beverage, office, and hospitality to the heart of the area," said Envoy co-founder Aric Ohana. "This deployment not only marks our first in Nashville, but our platform offers a unique amenity for residents that will further propel the community into the future." "We are focused on providing a best-in-class residential experience for residents of Prima in a way that enhances their life not only throughout t ...

Nashville, TN., June 25, 2024 (GLOBE NEWSWIRE) -- Prima at Paseo South Gulch, a 16-story, 278-unit residential tower in SomeraRoad's Paseo South Gulch microneighborhood, has announced an agreement with Envoy Technologies Inc. ("Envoy"), a Blink Charging Co. entity and leading provider of electric vehicle carsharing services, to offer residents on-site access to shared EVs. The service branded as 'Mobility as an Amenity' aims to enhance convenience and sustainability for Prima's residents. "Prima is a phenom ...

Concentrating on companies' efficiency metrics, market positioning, and financial health makes critical investing decisions that align with long-term wealth objectives. Comprehending these variables is advantageous when making portfolio adjustments and vital for constructing a sturdy financial portfolio. Source: Wirestock Creators / Shutterstock.com Overall, Ocugen's strategic expansion potency and financial efficiency make it a promising pick for the penny stocks to buy list. CareCloud (NASDAQ:CCLD) provid ...

This column focuses on three growth stocks that have declined by 50% in the last few quarters. I believe these are quality ideas from the growth space that face temporary headwinds. Once the challenges wane, these growth stocks will likely surge higher. Source: Robert Way / Shutterstock.com With the possibility of rate cuts in the second half of 2024, I expect the S&P to trend higher. Further, a broader rally seems to be on the cards, and these growth stocks can rally 50% to 100% in the next two to three qu ...

Strong buy EV charging stocks are a great way to invest in a fast-growing market, expected to rise 35.6% from $22.45 billion in 2024 to $257 billion in 2032. By 2023, fast chargers will make up more than 35% of the growing public charging infrastructure, with Chinese fast chargers make up more than 85% of all fast chargers in the world. In order to make things easier to access, the EU requires fast chargers every 60 kilometers along major transport routes. The Biden-Harris government also supports the build ...

Speculative penny stocks have long captured the imagination of investors seeking high-risk, high-reward opportunities. As the S&P 500 and the Nasdaq continue to climb, the small valuations of these companies make them prime candidates for delivering solid returns. With a predicted rise in broader indices and a reduction in the risk-free rate, penny stocks could thrive in the coming year. Grab Holdings (GRAB) For 2024, GRAB has provided optimistic guidance, expecting revenue between $2.70 billion and $2.75 b ...

Panasonic Holdings (PCRFF) Source: David Tonelson/Shutterstock.com Source: T. Schneider / Shutterstock.com Solid Power (NASDAQ:SLDP) stock had listed in May 2021 and traded at highs of around $15 during that year. There has been a sustained decline in SLDP stock since the last quarter of 2021. Currently, the stock trades at $1.69 and I believe that it's a golden buying opportunity. As an overview, Solid Power is working towards the commercialization of solid-state batteries. The stock can therefore go balli ...