What Happened?
Shares of EV charging infrastructure provider Blink Charging (NASDAQ: BLNK) jumped 6.4% in the afternoon session after its UK subsidiary was selected by Bradford Council to deliver 104 electric vehicle (EV) charging ports.
The deal was part of the first phase of the Local Electric Vehicle Infrastructure (LEVI) program. This initiative, partly financed by £282,000 in government funding, planned for a broader rollout of up to 1,000 new EV chargers at more than 230 sites throughout the district over the next two years. Under the agreement, Blink was set to install, own, and operate the chargers, which would be managed through the company's app. This contract represented an expansion of Blink's public charging infrastructure in the UK.
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What Is The Market Telling Us
Blink Charging’s shares are extremely volatile and have had 79 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 3 days ago when the stock dropped 6% after a broad market sell-off was triggered as the U.S. President threatened a massive tariff increase on China.
This escalation in trade tensions between the world's two largest economies led to widespread declines in the stock market. The president cited trade hostility and restrictions on rare earth exports as reasons for the potential new tariffs. The negative sentiment impacted major indices, with the S&P 500 falling 1.5% and the Dow Jones Industrial Average dropping 456 points, pulling individual stocks like Blink Charging down as well.
Blink Charging is up 43.3% since the beginning of the year, but at $2.15 per share, it is still trading 14.2% 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 $232.42.
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