After an impressive rally in 2020, electric vehicle (EV) stocks have been trending lower, offering investors an opportunity to accumulate growth companies at cheaper prices. Today we’re going to take a look at two EV charging stocks, Blink Charging Co. (NASDAQ:BLNK) and Nuvve Holding Corp. (NVVE), to see which is currently a better buy.Electric vehicle (EV) charging stocks such as Blink (BLNK) and Nuvve (NVVE) should be on the radar of investors who are bullish on the EV market. The shift towards clean energy solutions will accelerate the demand for EV vehicles, increasing the requirement for charging stations at an exponential rate.
In the last year, the stock prices of EV manufacturers, as well as charging companies, have gained significant momentum. While shares of Tesla (NASDAQ:TSLA) and NIO (NIO) have gained 228% and 528% respectively, the stock price of Blink Charging is up a monstrous 1,400% since the end of June 2020. Nuvve on the other hand became publicly listed via a SPAC in late 2020 and has gained over 35% in this period. Let’s see which of these two EV charging stocks is a better buy right now.
Blink Charging is valued at a premium