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The Government Is Quietly Suing Its Way To Broader Powers Over Traders forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
Blink is an owner and operator of charging stations that power up electric vehicles 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 per cent 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. ....
Blink’s colorful origin story has been a prime target of short-sellers. (Feb 8): 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 US$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. ....