EV company with almost no revenue posts 3,000% gain in eight months
Blink’s colorful origin story has been a prime target of short-sellers. (Feb 8): There is nothing about the finances of Blink Charging Co that would suggest it’s one of the hottest stocks in America. It’s never posted an annual profit in its 11-year history; it warned last year it could go bankrupt; it’s losing market share, pulls in anemic revenue and has churned through management in recent years. And yet a hot stock it is. Investors have bid Blink’s share price up 3,000% over the past eight months. Only seven stocks — out of about 2,700 that are worth at least US$1 billion — ...