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Why Blink Charging's Shares Popped Again Today

TheMotleyFool

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Why Blink Charging's Shares Popped Again TodayPhoto, wide shot, wide-angle lens, soft focus, Car manufacturer, sunset photo at golden hour, photo by Art Wolfe: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-iZxNvwmEDAT2zuvMswp8MrIk.png?st=2023-05-08T05%3A56%3A42Z&se=2023-05-08T07%3A56%3A42Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-08T03%3A27%3A06Z&ske=2023-05-09T03%3A27%3A06Z&sks=b&skv=2021-08-06&sig=hpaom2wRNOR4VGolGAMc0MX1MdH9zOmjK0MSBHrfkTo%3D

Shares of electric vehicle charging company Blink Charging (NASDAQ: BLNK) jumped as much as 23.8% in trading Friday, continuing a sharp move higher this week. At 3:20 p.m. EDT, shares were still up 21.6% and it looks like they'll close near a 52-week high hit earlier in the day.

I would chalk up most of the move today to continued momentum for electric vehicle stocks, and Blink Charging in particular. But in an interview with IPO Edge, CEO Michael Farkas also highlighted his long-term strategy for the company and explained why he sees explosive growth.

Image source: Getty Images.

Source Fool.com

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