You're reading a free article with opinions that may differ from The Motley Fool's Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
Making chargers hasn't been a profitable business and the slowdown in EVs won't help.
The electric vehicle market's growth has slowed in 2024, making the total addressable market for EV chargers smaller than once thought. At the same time, Blink Charging (BLNK 7.30%) was losing money when the market grew 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.
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
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
Related Articles
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.
