Stocks are off to a slow start ahead of what’s expected to be a busy week of earnings and economic data.
However, instead of focusing on “mainstream stocks” I’m looking for under the radar gems. The type of stocks that can shoot up 20% or more in a matter of days if the right catalyst hits.
That’s right, it’s time for one of my catalyst swing trade alerts. As you know, I had some monster calls already this year, and I’m optimistic that my latest catalyst swing trade alert will deliver too…
But before I get into it, let me quickly explain how these alerts are different from the everyday alerts I send to Jason Bond Picks clients. My typical alerts aim for returns of 5-10% in a day or two.
That said, catalyst swing alerts have a more extended period, but the profit potential we’re aiming for is upwards to 20-40%.
And yes, I’ve had some monsters this year…
(I send my catalyst alerts out, in real-time, if you want to receive all of them, click here to get started)
That said, my latest alert gives me five reasons on why you’d want to be long the stock. Furthermore, it’s in one of the fastest growing sectors of the economy and part of the electric car revolution. Read on for my latest alert.
Now, my most recent catalyst swing trade has five potential positive catalysts…and if any one of those hit, the stock could re-test its recent highs. Not only that, it’s exhibiting one of my favorite setups, the rest and retest.
Before we get into the catalysts and the play, let’s get an overview of what the company does.
Blink Charging Co. (BLNK) is a leader in nationwide public electric vehicle (EV) charging equipment and networked EV charging services, enabling EV drivers to easily charge at thousands of locations throughout the United States. Headquartered in Florida with offices in Arizona and California, Blink Charging’s business is designed to accelerate EV adoption.
Don’t forget the juice! Stimulated by the general climate awareness trend, we have seen a lot of developments by car manufacturers to build performant nice looking electric cars that attempt to match or even outpace conventional combustion cars.
As these automakers like Tesla and Volvo deserve your first attention… as an investor, you should be aware of their growing popularity and potential derived business opportunities. This idea is focused on one of them, Blink Charging Co. The company is active in the area of charging stations. With this increasing worldwide focus on EV adoption and infrastructure build-out, Blink Charging is ideally positioned to capitalize on the expanding clean transportation opportunities in 2019 and beyond with their Blink charging network and newly introduced next generation of fast charging stations.
Last year, they rebuild their business operations, raised sufficient cash and are now fully focused on sales and deployment of next generation technology to deliver the performance transportation markets require. Blink Charging’s CEO Michael D. Farkas recently stated, “Our network, expertise and increased footprint of network chargers have us very excited about the coming years opportunities.”
This “charging technology” market space is not only a “must look at” by investors but is also closely followed by service station providers. Even last summer, British Petroleum bought the biggest charging network provider Chargemaster in the UK. As Blink Charging is increasing its network and visibility though a close integration with Google Maps, it could become also a prey for takeover anytime.
As you will notice, a lot of things are going on. With their increased focus on growing sales directly in the USA or via partnerships, an increased flow of press releases was communicated and we anticipate this will continue in the coming weeks. From the long list of potential catalysts, the following are the most promising ones…
Potential Positive Catalysts in BLNK
1) New joint venture for Latin American and Caribbean markets.
Blink Charging and InterEnergy will establish a Joint Venture to deploy EV Charging Stations within the Caribbean and Latin America. As a first step, they entered into a memorandum of understanding to form a joint venture entity (“JV”) to develop EV charging infrastructure throughout the Dominican Republic and Panama, with the objective of expanding the business to other Latin American and Caribbean markets in the near future. Blink will provide the JV with its EV charging stations, the Blink Network and expertise, while InterEnergy will provide operational support, local resources and power sector expertise in the markets where the JV will operate.
We anticipate that the setup of the Joint Venture could be done shortly and a press release will be distributed at that time.
2) New joint venture for Europe.
As part of their global partnership strategy, they signed an agreement with the EUNICE ENERGY GROUP (EEG) to establish a joint venture (JV). The same as for the Latin America joint venture, Blink will provide the JV its EV products, network, technology, and experience within the EV charging space alongside EEG’s position and financial abilities to expand the charging infrastructure in Greece and other European countries. As one of the major US customers is IKEA, we anticipate that the IKEA stores will be targeted as first European customers of this joint venture.
3) New institutional interest and analyst coverages
Just recently, Blue Fin bought an initial $1M position. Just showing that it attracts fresh capital, set aside that it became subject to a number of recent analyst reports: HC Wainwright re-iterated a “buy” rating and set a $5.00 target price on shares of Blink Charging in a research report on Wednesday April 3rd . More details can be found here.
4) New product in play.
In the first quarter of this year, they successfully completed its pilot program of the Blink IQ200 family of next-generation, 80Amps, Level 2 Fast AC charging stations with dozens of units and more than 6 months of testing in every major region of the United States. The Blink IQ200 is now in full production and commercially available to customers. We will be looking for more rollout news like the one at the Porsche Design Tower in Miami.
5) Strategic Relationships
Blink Charging and Hubject – a joint venture formed by companies including BMW Group, Bosch, Daimler, EnBW, Innogy, Siemens and Volkswagen Group – announced a strategic relationship.
Blink Charging’s nationwide network of chargers will be accessible to all EV drivers participating in Hubject’s charging platform and Blink Charging’s network members will be able to easily access all charging stations on Hubject participating networks while driving in the United States.
Furthermore, their members would be able to quickly and easily access charging stations on Hubject participating networks while driving in the U.S., without having to register with any other charging companies.
With so many catalysts, we have to identify an area of value.
Now, here’s a look at the daily chart on BLNK.
Notice how BLNK had a strong move higher, and pulled back. Well, if you look in the chart above, we’re looking at the Fibonacci retracement levels here. Based on previous price action and levels, the $3 mark could be used as a tight stop or the $2.60 level could be used as a loose stop.
That said, with the large number of potential positive press releases, we will look for a test of the $4 level in the coming weeks.
If you want to keep up with this trade in real-time, here’s how.