Why Blink Charging Stock Just Crashed 12%
Investors in Blink Charging (NASDAQ: BLNK) are not having a good Tuesday, as shares of the unprofitable electric-car charging stock had plummeted 12.2% by noon EST today.
That seems a bit strange, as the news out of Blink today is positive. This morning, the company announced that it has signed an agreement with electric-bus maker Lion Electric.
As Blink explains it, many school systems and fleet operators are switching to electric school buses, and Lion will offer Blink's full line of charging stations to the school systems and bus fleets that use the company's all-electric school buses.
Source Fool.com
