Today’s Research Reports on Stocks to Watch: Blink Charging and Tesla

NEW YORK, NY / ACCESSWIRE / May 8, 2018 / It was an exciting day for charging company Blink Charging on Monday as shares broke out and closed up over 170%. The news that the company has entered a partnership with whole foods and has started electric vehicle charging stations at some Whole Foods locations had traders pumped. Shares of Tesla also headed higher after Wall Street learned that the company’s CEO Elon Musk has purchased $10 million more of Tesla shares. It may have been the reassurance traders needed considering that last week Tesla shares were deep in the red after a concerning earnings call with Musk and analysts.

RDI Initiates Coverage on:

Blink Charging Co.
https://www.rdinvesting.com/report/?ticker=BLNK

Tesla, Inc.
https://www.rdinvesting.com/report/?ticker=TSLA

Blink Charging Co. shares exploded in Monday trading and was one of the biggest winners in the market. The stock closed up 172.97% on skyrocket volume compared to usual. Roughly 60.6 million shares were traded compared to the stock’s average trading volume of just around 63,000 shares. So why the big jump? The company announced partnership with Whole Foods Market. It was reported that the company now has electric vehicles (EV) charging stations at three Whole Foods locations in the U.S. and the station will be part of the new whole food locations when they open. Blink Charging’s CEO Mike Calise remarked, “Providing Blink Charging services to Whole Foods shoppers is an exciting endeavor because it supports our commitment to making EV charging more accessible. Blink is the only charging station provider that is entirely vertically integrated and so with every installation, we’re able to make sure EV drivers will always have a place to charge, no matter where they go.”

Access RDI’s Blink Charging Co. Research Report at:
https://www.rdinvesting.com/report/?ticker=BLNK

Tesla, Inc. shares pushed northward on Monday, to close with a gain of nearly 3% on trading volume of about 8.4 million shares. The electric vehicle maker saw a nice rebound after losses last week when the company reported earnings and CEO Elon Musk delivered a much talked about earnings call where he avoided questions. Musk made headlines yesterday after he disclosed the purchase of 33,000 shares of Tesla. The last time he bought the stock was when he bought $25 million worth of shares last March. According to Barron’s calculations, Musk bought the shares for about $298.50. The value was just under $10 million. Musk now owns a little over 33 million shares of the company. Last week Tesla reported first quarter revenues of $3.4 billion. Analysts had been expecting revenues of $3.2 billion.

Access RDI’s Tesla, Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=TSLA

Our Actionable Research on Blink Charging Co. (NASDAQ: BLNK) and Tesla, Inc. (NASDAQ: TSLA) can be downloaded free of charge at Research Driven Investing.

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