Why Blink Charging Stock Jumped 13% This Morning
Barely a day after Gov. Gavin Newsom of California announced plans to ban the sale of new gasoline-powered cars in his state beginning in 2035, shares of electric vehicle (EV) charging company Blink Charging (NASDAQ: BLNK) are on a tear. It's not entirely clear how much Blink will benefit from California's move. According to Securities and Exchange Commission filings, the company says it had 14,778 charging stations in the U.S. as of the end of last year (a claim that has been challenged by short-sellers).
