Why Blink Charging Rose 15.6% in January

Shares of Blink Charging (NASDAQ: BLNK) rose 15.6% in January, according to data provided by S&P Global Market Intelligence. It was an eventful month for Blink, which sold more shares to the public during January. Still, even a dilutive share sale wasn't enough to keep this EV stock from soaring amid optimism over renewable energy and electric vehicles under the new Democratic administration.

As a company that produces electric vehicle charging stations, Blink initially got a boost after the Senate runoff elections in Georgia went for the Democrats, giving Democrats control of the Senate. That will likely be a plus for EV and renewable policies over the next two years.

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Source Fool.com