What's Going On With Blink Charging (BLNK) Stock?
Portfolio Pulse from Henry Khederian
Shares of Blink Charging Co (NASDAQ:BLNK) fell by 7.67% due to disappointing Q2 results from peer EV charging company ChargePoint Holdings Inc (NASDAQ:CHPT). ChargePoint reported a net loss of 24 cents per share, missing the analyst consensus estimate of a loss of 15 cents. Its quarterly sales of $150.49 million were also slightly below the analyst consensus estimate of $153.24 million by 1.79 percent.
September 07, 2023 | 2:40 pm
News sentiment analysis
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NEGATIVE IMPACT
Blink Charging Co's stock fell by 7.67% due to disappointing Q2 results from ChargePoint Holdings Inc.
Blink Charging Co's stock fell due to negative sentiment in the EV charging sector following disappointing Q2 results from ChargePoint Holdings Inc. This indicates that the performance of one major player in the industry can affect the stock prices of other companies in the same sector.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
ChargePoint Holdings Inc reported disappointing Q2 results, with a net loss of 24 cents per share and quarterly sales of $150.49 million, slightly below the analyst consensus estimate.
ChargePoint Holdings Inc's disappointing Q2 results have negatively impacted investor sentiment towards the EV charging sector. This could potentially affect the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100