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 ...

Product Developments - Blink Charging is integrating North American charge standard (NACS) connections to all its charging devices, enhancing user-friendliness and compatibility with more EV vehicles [1] - Blink Charging's product sales rose 68% to $27.5 million in 2023, driven by an increase in customer numbers purchasing commercial chargers [7] - EVgo recorded record revenue of $55.2 million for Q1 2024, up 118% from the previous year, with network throughput increasing by 194% to a record 53 GWh [9] Market Trends - By the end of 2024, electric vehicle sales are expected to reach over 17 million units, accounting for more than 20% of all new automobiles sold globally, with a nearly 25% increase in EV sales compared to Q1 2023 [5] - The industry value is estimated at $623.3 billion, projected to grow to $906.7 billion by 2028, indicating a strong market for overlooked EV stocks [12] - By 2024, EV sales are expected to account for more than 11% of new vehicle sales in the U.S., with China being the largest market, accounting for around 60% of global EV sales [20] Strategic Partnerships - Keystone Purchasing Network has appointed Blink Charging as its exclusive EV charging supplier [8] - Blink Charging has been selected by BYD's official dealership in Mexico, Grupo Fame, to provide EV charging solutions [14] - EVgo is expanding its partnership with Toyota, offering a year of free fast charging for drivers who buy or lease a new 2024 bZ4X [10] Future Outlook - Overlooked EV stocks are seen as a strong investment opportunity in 2024, with potential upsides of 50% to over 100% due to anticipated domestic policy actions and a decrease in benchmark interest rates [3][12] - EVgo's stock has a phenomenal upside potential of 106%, making it one of the top overlooked EV stocks [23] - Panasonic is investing $4 billion in a new EV battery facility in De Soto, Kansas, which will create 4,000 jobs and supply high-capacity lithium-ion batteries to Tesla [25]

FedRAMP is a U.S. government program that promotes the adoption of safe, secure cloud services across the federal government by providing a standardized approach to security and risk assessment for modern cloud technologies. The "In Process" designation is granted to cloud-based companies actively working toward FedRAMP Authorization. This milestone demonstrates Blink's commitment to expanding charging infrastructure and supporting a more sustainable future by electrifying the federal fleet and implementing ...

Once fully accredited, Blink's EV charging network will be available to government agencies. "At Blink, we understand the importance of providing reliable and advanced cloud-based EV charging stations across government agencies and we are excited to reach this significant milestone in the FedRAMP process," stated Brendan Jones, President and CEO at Blink Charging. "We look forward to becoming FedRAMP authorized and continuing to collaborate with federal government agencies as a leader in the U.S. fleet elec ...

Interested investors may access the virtual presentation here. Bowie, Md., June 12, 2024 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ:BLNK) ("Blink" or the "Company"), a leading global manufacturer, owner, operator, and provider of electric vehicle (EV) charging equipment and services, today announced that Brendan Jones, President and Chief Executive Officer, will present at the J.P. Morgan 2024 Energy, Power & Renewables Conference on June 17 at 1:10 p.m. ET. Mr. Jones will also be available for one-on-o ...

Core Viewpoint - The electric vehicle (EV) market is experiencing significant growth, necessitating an expansion of charging infrastructure, which presents substantial investment opportunities in EV charging stocks [2][11]. Industry Overview - The U.S. electric vehicle market is on a growth trajectory despite challenges, particularly the need for more charging stations [2]. - The Biden administration's efforts to install EV charging stations have been criticized for slow progress, with only seven functioning chargers reported [11]. Company Insights - **EVgo (EVGO)**: - Positioned to benefit from the electrification of the auto industry, with a recent trading price around $2.11, indicating potential upside [3][12]. - First-quarter results showed a revenue of $55.2 million, up 118.2% year-over-year, and an EPS loss of nine cents, beating estimates [13]. - **Blink Charging (BLNK)**: - Currently trading around $3.24, with a recent high of $3.52, indicating strong support and potential for growth [15]. - Reported first-quarter revenue of $37.57 million, up 73.1% year-over-year, and an EPS loss of 13 cents, beating expectations [16]. - **ChargePoint (CHPT)**: - First-quarter revenue was $107.04 million, down 17.7% year-over-year, but beat expectations [8]. - Analysts have a "buy" rating with a price target of $3, citing optimism about future gross margin improvements [9]. - Expected revenue for the second fiscal quarter is projected between $108 million and $118 million, below expectations of $122.74 million [18].

The recent results of a poll on American consumers' interest in buying electric vehicles was portrayed as bad news for the sector by many U.S. media outlets. However, I think that the data is actually quite positive for the sector. Specifically, 24% of consumers surveyed by J.D. Power said they will "very likely" consider buying EVs, and 58% reported that they were "overall likely" to consider such a purchase. So with EV prices having dropped a great deal, and multiple automakers announcing plans to launch ...

When I look at penny stocks, there is scope for clear categorization. On one hand, there are penny stocks that are purely speculative in nature. These stocks can be considered for exposure for a few quarters and can skyrocket at the blink of an eye. On the other hand, there are penny stocks with potential to rank among high-quality growth stocks of tomorrow. These penny stocks represent emerging businesses that have a sound management, good fundamentals, and a big addressable market for growth. While the me ...