2 EV Stocks Exploding Right Now – 7/13

EV charging stocks took off faster than we thought they would

Just a few days ago, we noted that, “If the U.S. is serious about electrifying millions of cars, we need more charging stations. Unfortunately, as it stands now, 46% of EV owners said they’re likely to switch back to gas-powered vehicles because of the lack of charging infrastructure.”

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With that, we listed two top stocks that would benefit if the U.S. got serious.

Company: EVgo (SYM: EVGO)

That included EVgo (SYM: EVGO), where CEO Badar Khan recently bought 125,000 shares at an average price of $2.05 for about $251,250. At the time of that note, EVGO traded at about $2.45. Today, it’s up to $3.94 and could see higher highs.

evgo

Helping, Benchmark analysts has raised its price target to $5, up from the previous target of $3.00, while maintaining a Buy rating.

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Is This Nvidia’s Secret Weapon?

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Company: Blink Charging (SYM: BLNK)

We also highlighted Blink Charging (SYM: BLNK), which traded at $2.65. It’s now up to $3.39 and still rocketing higher. Better, Blink still holds “in process” designation from the Federal Risk and Authorization Management Program for EV charging solutions. If Blink can get full accreditation from the agency, other government agencies can contract Blink for EV charging.

We still like both EV charging stocks, which are just starting to explode higher.

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