Blink Charging CoNASDAQ: BLNK

Making big money from short-squeeze stocks became a trend during the euphoric growth stock rally of 2021. Investors targeted depressed stocks with high short interest, and an initial rally quickly transformed into a big upside on short covering.

If electric vehicles are the future, we desperately need more charging stations. As we wait for this to happen, now may be the time to buy some of the best EV charging stocks.

Nashville, TN., June 25, 2024 (GLOBE NEWSWIRE) -- Prima at Paseo South Gulch , a 16-story, 278-unit residential tower in SomeraRoad's Paseo South Gulch microneighborhood, has announced an agreement with Envoy Technologies Inc. (“Envoy”), a Blink Charging Co. entity and leading provider of electric vehicle car-sharing services, to offer residents on-site access to shared EVs. The service branded as ‘Mobility as an Amenity' aims to enhance convenience and sustainability for Prima's residents.

Growth stocks have a high beta, and the price action can be significant even on small positive or negative catalysts. The flip side is that there is a risk of significant wealth erosion in a quick time.

Speculative penny stocks have long captured the imagination of investors seeking high-risk, high-reward opportunities. As the S&P 500 and the Nasdaq continue to climb, the small valuations of these companies make them prime candidates for delivering solid returns.

During the growth stocks rally of 2021, EV stocks were among the hottest investment themes. Things have changed drastically as investors adopt a cautious approach related to the EV industry.

Overlooked EV stocks are an appealing investment case in 2024 since, by the end of a year that will also see a decrease in the benchmark interest rate, sales of electric vehicles will reach over 17 million units or more than 20% of all new automobiles sold globally. When comparing the first quarter of 2024 to the same time in 2023, EV sales increased by almost 25%, illustrating sound progress toward this goal.

With electric vehicle sales accelerating again, we're in desperate need of charging stations — which should fuel massive growth for some of the best EV charging stocks. For one, according to Inside Climate News: “Talk of an implosion of the U.S. electric vehicle market is verging on ridiculous.

The recent results of a poll on American consumers' interest in buying electric vehicles was portrayed as bad news for the sector by many U.S. media outlets. However, I think that the data is actually quite positive for the sector.