What Happened?
Shares of EV charging infrastructure provider Blink Charging (NASDAQ: BLNK) jumped 5.3% in the morning session after the stock's positive momentum continued as the company announced its UK subsidiary was selected to install, own, and operate 184 electric vehicle (EV) chargers in the Wakefield district.
This project, part of a regional effort to achieve net-zero emissions, was supported by a £282,000 investment from the UK government's Local Electric Vehicle Infrastructure (LEVI) fund. The plan included installing 54 on-street and 130 off-street chargers over the next two years. The deal transferred the full responsibility for installation and operation to Blink, with a focus on areas that previously had limited access to charging stations. This expansion of its public charging network in the UK was seen as a positive development for the company's growth.
After the initial pop the shares cooled down to $2.47, up 4.7% from previous close.
Is now the time to buy Blink Charging? Access our full analysis report here.
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 about 21 hours ago when the stock dropped 3% on the news that investors grew anxious as the U.S. government shutdown extended into its seventh day, creating widespread uncertainty. The political stalemate in Washington has tangible consequences for the economy and markets.
A key impact is the delay in the release of crucial economic data, including the September jobs report, leaving the Federal Reserve with less information to guide its policy decisions. The shutdown is also causing direct disruptions, with staffing shortages at the Federal Aviation Administration (FAA) leading to widespread delays at major airports. This combination of economic ambiguity and real-world service interruptions has dampened investor confidence across multiple sectors.
Adding to the unease, Chief Economist at Moody's Analytics, Mark Zandi, warned that 22 states are already showing clear signs of a recession, placing the broader U.S. economy in a precarious position. Also, the latest Survey of Consumer Expectations from the New York Fed revealed that households' short-term inflation expectations are rising, while their outlook on the labor market is deteriorating. Consumers expressed greater concern about potential job losses and expect lower earnings growth, factors that directly impact discretionary spending.
Blink Charging is up 64.7% since the beginning of the year, and at $2.47 per share, it is trading close to 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 $256.22.
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