February 8 – Bloomberg (Mark Chediak and Catherine Traywick):
“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 $1 billion -- have risen more over that time.
The reason: Blink is a green-energy company, an owner and operator of charging stations that power up electric vehicles.
And if investors are certain of one thing in the mania that is sweeping through financial markets, it is that green companies are can’t-miss, must-own investments of the future.”