EDIT: Seems like more info has come to light in the comments. https://twitter.com/culperresearch/status/1296074976328548352?s=21
I've been looking into the EV market and everyone always says you late to the party or missed the train when buying EV shares (Missing the boat with TESLA etc). Its like the California gold rush in the old times! People rushed out to make money and find gold but the real entrepreneurs made money selling them their shovels, buckets, food and clothes. Electric Vehicles need charging bays, its a no brainier?!? SO how on gods green earth can BLNK Shares be heavily shorted to 30% and "Experts" say this sector should see nothing but growth!
I've done some very basic DD on BLNK. I've always been quite optimistic in this space for electric vehicles and for those that dont know BLNK provides charging solutions for Electric Vehicles. As of December 2020 they had 16, 617 charging stations around the USA but they are one of the most heavily shorted stocks on the NYSE. Over 30% short interest.
Now when you look at expected Electric vehicle sales forecasts below:
"The US electric vehicles market is expected to reach 6.9 million unit sales by 2025, up from 1.4 million unit sales forecast for 2020"
Deloitte even say this sector will continue to boom for the next 10 years. "Our global EV forecast is for a compound annual growth rate of 29 per cent achieved over the next ten years"
AND EVEN FORBES SAYS IT!!! I know Forbes hasn't always been on our apes side for the GME battle and AMC war but they seem to contradicting what is currently going on in EV charging!
“With the prospect of sticker price parity even without subsidies by 2025, we take a strong positive view on EV penetration. We raise our global EV sales forecasts again, this time mainly driven by higher estimates for the U.S. market. We expect the Biden administration to increase direct support for EV purchases,” the UBS report said.
The Biden plan for 500,000 charging stations would more than double the current count, while it could impose tougher fuel economy standards to curb ICE car sales. The ban on ICE sales by governments like Britain’s will also give a powerful signal to buyers to embrace electric. ."
They also out shot analyst expectations for revenue for the previous quarter see below.
Blink Charging (NASDAQ:BLNK) Earnings Information (NOT SO GREAT AS POINTED OUT VS THEIR POTENTIAL MARKET CAP)
Blink Charging last announced its quarterly earnings data on May 12th, 2021. The reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of ($0.17) by $0.01. The company had revenue of $2.23 million for the quarter, compared to analysts' expectations of $1.71 million. Blink Charging has generated ($0.59) earnings per share over the last year. Blink Charging has not formally confirmed its next earnings publication date, but the company's estimated earnings date is Thursday, August 12th, 2021 based off prior year's report dates.
So in ending for now I cant help but wonder what the hell is going on in the EV charging scene. With all this talk about the future Being EV, Biden backing the electric F150 and international markets across the scene being so bullish. How can one stock like BLNK be so heavily shorted. I would love to know how many Naked shorts have been placed against a company like this.
I'm No financial advisor nor am I calling for people to load up on BLNK to squeeze the hell out of these hedge funds and their short positions.
EDIT: So who do we turn to for this charging based solutions for EV? If BLINK isn't the solution that it is made out to be?
I CANT HELP BUT THIS THERE IS ROOM FOR EV CHARGING WITH BP, SHELL ETC FUELING THE FOSSIL FUEL BASED VEHICLES.
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