'Autoworkers Will Not Have Any Jobs': Donald Trump Slams UAW President, Warns That All EVs 'Will Be Made In China' — 2 Top EV Stocks No Matter Where The Cars Are Made
Portfolio Pulse from Jing Pan
Former President Donald Trump has warned that the future of America's automotive industry looks bleak, with all electric vehicles (EVs) likely to be made in China. Despite this, two EV stocks, ChargePoint Holdings Inc. (NYSE:CHPT) and Blink Charging Co. (NASDAQ:BLNK), are poised to benefit regardless of where the cars are made. Both companies focus on the EV charging business, with ChargePoint's network having over 255,000 activated ports and Blink operating a proprietary cloud-based software for its charging stations.
September 19, 2023 | 2:35 pm
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POSITIVE IMPACT
Blink's revenue surged 186% YoY to $32.8 million in Q2 2023. Despite a 67% tumble in share price in 2023, H.C. Wainwright & Co. analyst Sameer Joshi has a Buy rating on the stock with a price target of $50, implying a potential upside of 1,297%.
Blink's revenue has surged and it is set to benefit from the rise in EV adoption. Despite the current fall in share price, the analyst's positive rating and high price target suggest a potential upside, making it an attractive investment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
ChargePoint's business is growing with a 38% YoY increase in revenue. Despite a 40% fall in share price this year, Evercore ISI Group analyst James West has an Outperform rating on the stock with a price target of $17, implying a potential upside of 217%.
ChargePoint's business is growing and it is poised to benefit from the rise in EV adoption. Despite the current fall in share price, the analyst's positive rating and high price target suggest a potential upside, making it an attractive investment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100