If you look at the charts for some alternative energy stocks, for instance, you'll see how they slumped as the week kicked off -- some even plunging to 52-week lows -- only to bounce back just as dramatically even as I write this. Believe it or not, shares of Ballard Power Systems (NASDAQ: BLDP), Clean Energy Fuels (NASDAQ: CLNE), and Blink Charging (NASDAQ: BLNK) are up more than 15% each in the past two days through 2 p.m. ET Friday, but they're still down for the week according to data provided by S&P Global Market Intelligence. Clean Energy Fuels announced its first-quarter numbers late last week.
Investors expected a very bad financial report from Blink Charging (NASDAQ: BLNK) on Monday. Reporting earnings for the first quarter of 2022 Monday evening, Blink Charging -- which like the name implies, is building a charging network to power electric cars on American highways -- surprised investors when it reported a $0.36 per share loss.
Good afternoon, everyone, and welcome to Blink Charging's first quarter earnings investor call. On the call today, we have Michael Farkas, chairman and chief executive officer; Brendan Jones, president; and Michael Rama, chief financial officer. The slides can be accessed on the investor relations section of the Blink Charging website.