What Happened?
Shares of EV charging infrastructure provider Blink Charging (NASDAQ: BLNK) jumped 22.2% in the afternoon session after investor optimism grew around the company's expansion plans, which were supported by favorable industry news.
The positive sentiment followed a public offering from the previous month where the company raised approximately $20 million. Blink Charging stated the funds were intended for capital spending related to the expansion of its fast-charging network. The move also occurred amid a backdrop of positive developments for the electric vehicle (EV) charging sector, including reports of governments exploring ways to cut public charging costs and the opening of new, large-scale superfast charging hubs.
The shares closed the day at $0.92, up 21.6% from previous close.
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What Is The Market Telling Us
Blink Charging’s shares are extremely volatile and have had 87 moves greater than 5% over the last year. But moves this big are rare even for Blink Charging and indicate this news significantly impacted the market’s perception of the business.
The previous big move we wrote about was 14 days ago when the stock dropped 3.4% on the news that major indices pulled back from record highs reached the previous week.
The S&P 500 and Nasdaq were under pressure as the dominant artificial intelligence trade cooled off. Notable names like Nvidia were down as traders locked in profits following a banner year where the Nasdaq surged over 20%. With the S&P 500 recently hitting intraday highs near 6,945, this dip reflected a shift in internal momentum rather than a response to major economic news.
Blink Charging is up 24% since the beginning of the year, but at $0.92 per share, it is still trading 63.3% below its 52-week high of $2.50 from October 2025. Investors who bought $1,000 worth of Blink Charging’s shares 5 years ago would now be looking at an investment worth $17.53.
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