If you want to eat fruits today, you'd have to plant a fruit tree 10 years ago for it to bear fruits today. Similarly, when you invest, to reap profit, you need to plant the seed today, and wait for it to grow and blossom.
Id love to introduce you all to this futuristic stocks that may be a potential 50-Bagger and even a 100-Bagger. While this stock is currently unprofitable, do not produce any positive free cash flow and is relatively new to the market, this company is worth putting into ur portfolio for their futuristic potential.
The company im talking about here is $Blink Charging(BLNK)$$Blink Charging Co.(BLNKW)$. In the 1920's, when car became common and an daily need for every family, Oil Giants like $Exxon Mobil(XOM)$ and Shell became incredible rich. Why? Because Oil became an essential need. Everyone drove car, everyone used fuel. Now that we are moving towards Electrical Vehicle, global demal for oil will lessen and cars will instead need to "refuel" at electric vehicle charging stations instead of the gas station.
Blink Charging Co., through its subsidiaries, owns, operates, and provides electric vehicle (EV) charging equipment and networked EV charging services in the United States and internationally. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types. It also provides Blink Network, a cloud-based system that operates, maintains, and manages various Blink charging stations and associated charging data, back-end operations, and payment processing, as well as offers property owners, managers, parking companies, and state and municipal entities with cloud-based services that enable the remote monitoring and management of EV charging stations; and provides EV drivers with station information, including station location, availability, and applicable fees. As of 2020, they owned 30,000 Charging Ports in US, Europe and the middle east.
While they're unprofitable, their revenue has increased from 2.68 Mil to 20.94 Million in the past 4 years. And with EV becoming faily popular in the world, its revenue will eventually be able to surpass its Cost and expenses to make itself profitable.
Since the company is unprofitable, I am not able to give you a valuation. But my prediction is that if 50% of the world embraces EV, their market cap would be about 30B. Its current market cap its only at 1B, which means it will multiply by 30x. Currently, only 4.5% of cars in US are EV and 16.4% of cars in Europe of EV. Other parts of the world have even lesser EV usage. As EV becomes a new demand as goverment across the world pushes towards the green initiative, blink charging's revenue will definitely increase significantly as well.
Blink charging currently has 175M of cash, representing 10% of its market cap. With their cash in hands, and 0 Debt, they will definitely be able to move towards profitability in 3-5 years.
Would you add this futuristic "oil stock" into your portfolio? Let me know!
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