Movers and SHAKERS
|Current Price||$25.87 ↓ -0.88|
|52wk Range||$13.60 - $49.00|
|ADVANCED MARKET DATA|
Advanced Market DataBlink Charging Co. (BLNK)
407 Lincoln Road
Miami Beach, FL 33139-3024
Blink Charging Co is an owner, operator, and provider of electric vehicle (EV) charging services. The Company offers both residential and commercial EV charging equipment, enabling EV drivers to easily recharge at various location types. Its principal line of products and services are Blink EV charging network (the Blink Network) and EV charging equipment (also known as electric vehicle supply equipment) and EV related services. Blink Charging operates a single segment business.
When Blink Charging (NASDAQ: BLNK) reported its second-quarter results this week, investors tanked the stock. But a month-long surge in the share price resumed not long after, with shares up 56% in just the last 30 days. That surge continued today, with Blink shares up 8.4% as of 3:21 p.m. ET.
While Blink's revenue soared year over year in the second quarter, so did its costs and therefore its net loss . The stock quickly resumed its recent upward move after earnings, which continues today. Investors seem to be less focused on recent results and more on the promise and potential of the business, as a new tailwind looks to be coming soon.
For further details see:Why Blink Charging Shares Spiked Friday
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