Blink Charging Co (BLNK)

[mikeymgd]

I still see this as a 1 dollar stock since they lack the funding needed to remain solvent beyond 6 months. I feel dilution is their true business model until they can find a way to make money of EV Charging. THeir financials show no growth in EV charging for the most part over 2 years. Below is an excerpt of an article with a similar stance that I have on EV charging and how its the home install that matters, not the remote charging stations.

With the Tesla 3 and the Chevy Bolt, we'll have two electric vehicles priced in the mid-range that feature well over 200-mile range. The number of models with comparable range will certainly grow, and we'll see range improvements to boot. EV owners generally have home charging stations, and the majority of EV drivers will leave their house every morning with a "full tank" that supports a range over 200 miles.

Looking at Statistic Brain, over 95 percent of commuters have daily, round-trip commutes that are less than 150 miles. Ninety-two percent are under 70 miles. A 200-mile range easily covers most Americans' daily routes and needs.

Short story, most EV drivers will not need to charge up during the day. Instead, we're likely to see behavior similar to that of cell phones, whereby EV drivers will seek to "top off" where convenient or compelling on their daily route. These charges will be "energy snacks," with little need for a supercharge.

What is convenient and compelling?

Convenient is pulling into Whole Foods and having the car charge wirelessly while you shop.
Compelling is Whole Foods topping off the battery for free while you shop because you're a Rewards member.
Convenient is pulling into the commuter train station and having the car charge wirelessly, reflecting the "roaming charges" on your electrical utility bill.
Compelling is the utility maximizing your self-consumption of solar by coordinating charging to occur when your solar panels are producing excess energy in the middle of the day.
What's not convenient or compelling is getting out the car, connecting a plug, executing a commercial transaction and waiting. For that reason, we won't see much EV charging at the gas stations around town. Around highways for long distance support, sure, but not around town.