Accessibility Menu
 
Arrow-Thin-Down
S&P 500
6,582.69
+0.1%
+7.37
Arrow-Thin-Down
DJI
46,504.67
-0.1%
-61.07
Arrow-Thin-Down
NASDAQ
21,879.18
+0.2%
+38.23
Arrow-Thin-Down
Bitcoin
$66,473.00
-0.6%
-$406.89
Arrow-Thin-Down
AMZN
$209.77
-0.4%
-$0.80
Arrow-Thin-Down
GOOG
$294.46
-0.1%
-$0.44
Arrow-Thin-Down
META
$574.47
-0.8%
-$4.76
Arrow-Thin-Down
MSFT
$373.10
+1.0%
+$3.73
Arrow-Thin-Down
NVDA
$177.28
+0.9%
+$1.53
Arrow-Thin-Down
TSLA
$360.59
-5.4%
-$20.67
Most Active StocksDaily Stock GainersDaily Stock Losers

Why Blink Charging Is in Trouble

Making chargers hasn't been a profitable business and the slowdown in EVs won't help.

By Travis Hoium – Aug 14, 2024 at 9:30AM EST

The electric vehicle market's growth has slowed in 2024, making the total addressable market for EV chargers smaller than once thought. Blink Charging (BLNK +0.91%) was losing money when the market was growing faster, a problem that won't change, as Travis Hoium explains.

*Stock prices used were end-of-day prices of Aug. 12, 2024. The video was published on Aug. 12, 2024.

Read Next

About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
TMFFlushDraw
X@travishoium

Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

Blink Charging Stock Quote
Blink Charging
NASDAQ: BLNK
$0.57
(+0.91%)+$0.01

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.

View Premium Services